Northwestern Mutual Wealth Management Co. Makes New $2.67 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Northwestern Mutual Wealth Management Co. bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, HoldingsChannel reports. The fund bought 11,773 shares of the sporting goods retailer’s stock, valued at approximately $2,670,000.

Other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC raised its position in shares of DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after acquiring an additional 51 shares in the last quarter. Lido Advisors LLC boosted its holdings in DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after purchasing an additional 51 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in DICK’S Sporting Goods by 2.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after purchasing an additional 54 shares during the last quarter. PCB Capital LLC increased its stake in DICK’S Sporting Goods by 1.5% during the first quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after purchasing an additional 55 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock worth $194,000 after purchasing an additional 55 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday. Jefferies Financial Group boosted their price objective on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Telsey Advisory Group lifted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Finally, Barclays lifted their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $256.88.

DICK’S Sporting Goods Stock Down 1.8%

Shares of DICK’S Sporting Goods stock opened at $179.98 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a 1-year low of $175.65 and a 1-year high of $244.38. The business’s fifty day moving average price is $213.14 and its two-hundred day moving average price is $211.25. The company has a market capitalization of $16.11 billion, a P/E ratio of 17.11, a PEG ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.