Allianz Asset Management GmbH Raises Holdings in DICK’S Sporting Goods, Inc. $DKS

Allianz Asset Management GmbH increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 89.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,712 shares of the sporting goods retailer’s stock after acquiring an additional 56,829 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of DICK’S Sporting Goods worth $26,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atreides Management LP bought a new position in shares of DICK’S Sporting Goods in the second quarter worth approximately $172,715,000. Norges Bank purchased a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $136,483,000. Browning West LP bought a new stake in DICK’S Sporting Goods in the 2nd quarter worth $115,719,000. Marshall Wace LLP increased its position in shares of DICK’S Sporting Goods by 208.3% in the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock valued at $122,639,000 after acquiring an additional 418,872 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter valued at about $64,693,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $208.17 on Friday. The business’s fifty day moving average is $210.45 and its 200 day moving average is $216.90. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.79 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $247.19.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on DKS shares. Barclays cut their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. Wall Street Zen upgraded 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 DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, Telsey Advisory Group reduced their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $236.95.

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.