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DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 3.7% in the third quarter, according to its recent filing on Form 13F with the Securities & Exchange Commission. The institutional investor owned 127,764 shares of the sporting goods retailer after selling 4,898 shares during the quarter. Nuveen Asset Management LLC owned 0.16% of DICK’S Sporting Goods worth $13,370,000 at the end of the most recent quarter.

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Other major investors have also recently bought and sold shares in the company. CoreCap Advisors LLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $40,000 during the second quarter. Northern Oak Wealth Management Inc. acquired a new position in DICK’S Sporting Goods valued at $51,000 during the second quarter. Cullen Frost Bankers Inc. increased its stake in DICK’S Sporting Goods by 26.0% in the third quarter. Cullen Frost Bankers Inc. now owns 630 shares of the sporting goods retailer, valued at $66,000, after purchasing an additional 130 shares during the period. Quadrant Capital Group LLC increased its stake in DICK’S Sporting Goods by 479.8% during the third quarter. Quadrant Capital Group LLC now owns 690 shares of the sporting goods retailer, valued at $72,000, after purchasing an additional 571 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in DICK’S Sporting Goods by 188.8% in the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer, valued at $80,000, having bought a further 521 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s shares.

Analysts set new price targets

A number of research companies have commented on DKS. Gordon Haskett raised his target price on shares of DICK’S Sporting Goods to $170.00 from $135.00 in a report Tuesday. Citigroup downgraded DICK’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 28, and lowered its price target on the company to $140.00 from $143.00 . Wells Fargo & Company raised its target price on DICK’S Sporting Goods from $103.00 to $120.00 in a research note on Wednesday, November 23. Morgan Stanley has raised its target price on DICK’S Sporting Goods to $165.00 from $135.00 and rated the company as overweight in a research note on Monday, January 9th. Finally, UBS Group raised its target price on DICK’S Sporting Goods to $130.00 from $120.00 and rated the company “neutral” in a research note on Friday, January 6th. Eight investment analysts have rated the stock with a hold and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.00.

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Insider buying and selling

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,000 shares of the company’s shares in a transaction on Friday, December 9th. The stock sold at an average price of $120.57 for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company, valued at approximately $3,162,671.67. The transaction was disclosed in a filing with the SEC available at this link. In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,000 shares of the company’s shares in a transaction on Friday, December 9th. The stock sold at an average price of $120.57 for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company, valued at approximately $3,162,671.67. The transaction was disclosed in a filing with the SEC available at this link. In addition, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total value of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The disclosure for this sale can be found here. 32.83% of the shares are owned by company insiders.

DICK’S sporting goods price history

NYSE:DKS opened at $146.79 on Wednesday. The company’s 50-day moving average price is $128.27 and its 200-day moving average price is $117.55. The company has a market cap of $11.63 billion, a P/E of 12.96, a PEG ratio of 2.20 and a beta of 1.41. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $146.89. The company has a quick ratio of 0.59, a current ratio of 1.81 and a debt to equity ratio of 0.69.

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DICK’S sporting goods profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating).

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected].

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