Allianz Asset Management GmbH lessened its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 35.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256,655 shares of the sporting goods retailer’s stock after selling 142,753 shares during the quarter. Allianz Asset Management GmbH owned 0.23% of Dicks Sporting Goods worth $6,933,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in Dicks Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Toronto Dominion Bank grew its stake in Dicks Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the last quarter. Nordea Investment Management AB grew its stake in Dicks Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares during the last quarter. QS Investors LLC lifted its holdings in shares of Dicks Sporting Goods by 57,533.3% in the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after buying an additional 5,178 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Dicks Sporting Goods by 21.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock valued at $208,000 after buying an additional 931 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Shares of Dicks Sporting Goods Inc (NYSE:DKS) opened at $29.60 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The stock has a market capitalization of $3,108.78, a P/E ratio of 9.28, a PEG ratio of 1.58 and a beta of 0.57. Dicks Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $58.29.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. sell-side analysts predict that Dicks Sporting Goods Inc will post 2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.30%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $30.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Saturday. Cowen reissued a “hold” rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a report on Thursday, September 28th. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a report on Thursday, December 14th. Susquehanna Bancshares decreased their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Finally, Bank of America decreased their price objective on Dicks Sporting Goods from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.00.

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About Dicks Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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