Allianz Asset Management GmbH Buys 56,829 Shares of DICK’S Sporting Goods, Inc. $DKS

Allianz Asset Management GmbH grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 89.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 120,712 shares of the sporting goods retailer’s stock after acquiring an additional 56,829 shares during the period. Allianz Asset Management GmbH’s holdings in DICK’S Sporting Goods were worth $26,825,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Guggenheim Capital LLC grew its position in DICK’S Sporting Goods by 0.4% during the 2nd quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock valued at $2,340,000 after purchasing an additional 46 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of DICK’S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after buying an additional 58 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in shares of DICK’S Sporting Goods by 2.9% during the third quarter. Stonegate Investment Group LLC now owns 2,345 shares of the sporting goods retailer’s stock valued at $521,000 after buying an additional 67 shares during the last quarter. American National Bank & Trust grew its holdings in shares of DICK’S Sporting Goods by 5.7% during the third quarter. American National Bank & Trust now owns 1,270 shares of the sporting goods retailer’s stock valued at $282,000 after buying an additional 69 shares during the last quarter. Finally, PFG Private Wealth Management LLC increased its position in shares of DICK’S Sporting Goods by 7.3% during the second quarter. PFG Private Wealth Management LLC now owns 1,115 shares of the sporting goods retailer’s stock valued at $221,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DKS shares. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research report on Monday, January 12th. Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a report on Wednesday, November 26th. Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $236.95.

DICK’S Sporting Goods Stock Up 1.3%

DKS stock opened at $208.17 on Friday. The company has a market cap of $18.73 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The business’s 50-day moving average is $210.45 and its two-hundred day moving average is $216.90. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $247.19.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

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.