Nuveen Asset Management LLC decreased its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 12.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 49,679 shares of the sporting goods retailer’s stock after selling 6,997 shares during the period. Nuveen Asset Management LLC’s holdings in Dick’s Sporting Goods were worth $2,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. boosted its position in Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock worth $324,384,000 after buying an additional 280,056 shares during the last quarter. State Street Corp boosted its position in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the last quarter. Renaissance Technologies LLC boosted its position in Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after buying an additional 1,662,700 shares during the last quarter. Finally, OZ Management LP purchased a new position in Dick’s Sporting Goods during the first quarter worth approximately $86,412,000. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dick’s Sporting Goods Inc (DKS) traded down 0.80% during midday trading on Tuesday, reaching $37.05. 1,814,482 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $38.07 and a 200-day moving average of $45.67. Dick’s Sporting Goods Inc has a 1-year low of $34.55 and a 1-year high of $62.88. The company has a market capitalization of $4.17 billion, a PE ratio of 14.35 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.54. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Equities analysts expect that Dick’s Sporting Goods Inc will post $3.65 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Dick’s Sporting Goods Inc (DKS) Stake Lowered by Nuveen Asset Management LLC” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/08/dicks-sporting-goods-inc-dks-shares-sold-by-nuveen-asset-management-llc-updated-updated-updated.html.

A number of research analysts have recently commented on DKS shares. Stifel Nicolaus reissued an “outperform” rating and set a $65.00 target price on shares of Dick’s Sporting Goods in a research report on Sunday, April 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dick’s Sporting Goods in a report on Monday, May 8th. B. Riley reaffirmed a “buy” rating and issued a $64.00 price target on shares of Dick’s Sporting Goods in a report on Friday, May 12th. Wedbush reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Dick’s Sporting Goods in a report on Sunday, May 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.43.

About Dick’s Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

Receive News & Stock Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related stocks with our FREE daily email newsletter.