Allianz Asset Management GmbH Purchases 13,928 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Allianz Asset Management GmbH boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 191,734 shares of the sporting goods retailer’s stock after acquiring an additional 13,928 shares during the period. Allianz Asset Management GmbH’s holdings in DICK’S Sporting Goods were worth $43,877,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $28,000. True Wealth Design LLC lifted its position in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the period. Sound Income Strategies LLC lifted its position in shares of DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $49,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.9 %

Shares of DICK’S Sporting Goods stock opened at $224.70 on Friday. The company has a 50-day simple moving average of $232.99 and a two-hundred day simple moving average of $219.15. DICK’S Sporting Goods, Inc. has a 52-week low of $165.75 and a 52-week high of $254.60. The stock has a market capitalization of $18.31 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the business posted $2.85 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.96%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last three months. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.