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.

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.

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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