Allianz Asset Management GmbH Grows Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Allianz Asset Management GmbH increased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,734 shares of the sporting goods retailer's stock after purchasing an additional 13,928 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.24% of DICK'S Sporting Goods worth $43,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. Blue Trust Inc. boosted its holdings in DICK'S Sporting Goods by 210.9% during the third quarter. Blue Trust Inc. now owns 998 shares of the sporting goods retailer's stock worth $214,000 after purchasing an additional 677 shares during the last quarter. Signaturefd LLC boosted its stake in DICK'S Sporting Goods by 13.3% in the third quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer's stock valued at $204,000 after acquiring an additional 115 shares during the last quarter. International Assets Investment Management LLC boosted its stake in DICK'S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after acquiring an additional 207,446 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in DICK'S Sporting Goods by 8.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,384 shares of the sporting goods retailer's stock valued at $9,492,000 after acquiring an additional 3,585 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in DICK'S Sporting Goods by 68.8% in the third quarter. Forsta AP Fonden now owns 21,100 shares of the sporting goods retailer's stock valued at $4,404,000 after acquiring an additional 8,600 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DKS shares. Morgan Stanley boosted their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Argus boosted their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen boosted their target price on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $248.09.

Insider Activity at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction 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 transaction, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock opened at $224.70 on Friday. The firm's fifty day moving average price is $232.99 and its 200-day moving average price is $219.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $18.31 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a fifty-two week low of $165.75 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm earned $2.85 EPS. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

About DICK'S Sporting Goods

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.

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