Bank of New York Mellon Corp Acquires 81,239 Shares of DICK’S Sporting Goods, Inc. $DKS

Bank of New York Mellon Corp increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 699,747 shares of the sporting goods retailer’s stock after purchasing an additional 81,239 shares during the period. Bank of New York Mellon Corp’s holdings in DICK’S Sporting Goods were worth $155,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in DICK’S Sporting Goods during the third quarter valued at about $33,000. Mather Group LLC. purchased a new stake in DICK’S Sporting Goods in the third quarter worth approximately $39,000. Atlantic Union Bankshares Corp bought a new position in DICK’S Sporting Goods during the second quarter valued at approximately $40,000. First Horizon Advisors Inc. raised its stake in shares of DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after acquiring an additional 183 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DKS. Barclays decreased their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Wells Fargo & Company increased 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. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $236.95.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $201.70 on Friday. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.22 and a beta of 1.19. The stock has a fifty day moving average of $210.54 and a 200 day moving average of $217.06. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $250.04. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the business earned $2.75 EPS. The company’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 39.02%.

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.