DICK'S Sporting Goods, Inc. $DKS Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its holdings in DICK'S Sporting Goods by 16.9%, selling 12,999 shares and owning approximately 0.08% of the company valued at $12.6 million as of the latest quarter.
• Corporate insiders, including CEO Lauren R. Hobart, have sold significant shares, with Hobart selling 20,083 shares for over $4.4 million, resulting in a 6.27% decrease in her ownership.
• Equities analysts have given DICK'S Sporting Goods a consensus rating of "Hold," with several upgrades in price targets, including Citigroup raising it to $280 and Goldman Sachs issuing a "buy" rating with a $274 target.

Allianz Asset Management GmbH decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,883 shares of the sporting goods retailer's stock after selling 12,999 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of DICK'S Sporting Goods worth $12,637,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Private Trust Co. NA increased its position in DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after buying an additional 201 shares during the period. Bessemer Group Inc. increased its holdings in shares of DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares during the last quarter. Ancora Advisors LLC raised its position in shares of DICK'S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock worth $46,000 after buying an additional 105 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of DICK'S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock worth $52,000 after buying an additional 124 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DKS shares. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. The Goldman Sachs Group assumed coverage on shares of DICK'S Sporting Goods in a report on Tuesday, September 23rd. They issued a "buy" rating and a $274.00 price target on the stock. Citigroup upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price target for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. Barclays raised their price objective on DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, BNP Paribas Exane initiated coverage on DICK'S Sporting Goods in a research note on Friday, September 26th. They issued an "underperform" rating and a $177.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average target price of $233.33.

DICK'S Sporting Goods Trading Down 1.4%

DICK'S Sporting Goods stock opened at $225.63 on Tuesday. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm's 50-day moving average is $224.28 and its 200-day moving average is $203.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The company has a market cap of $18.07 billion, a P/E ratio of 15.76, a PEG ratio of 3.28 and a beta of 1.06.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK'S Sporting Goods's payout ratio is currently 33.87%.

DICK'S Sporting Goods 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.

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