Bank of New York Mellon Corp Decreases Stock Position in DICK’S Sporting Goods, Inc. $DKS

Bank of New York Mellon Corp decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 602,997 shares of the sporting goods retailer’s stock after selling 96,750 shares during the period. Bank of New York Mellon Corp’s holdings in DICK’S Sporting Goods were worth $119,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Vanguard Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Wellington Management Group LLP raised its holdings in DICK’S Sporting Goods by 83.9% in the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after acquiring an additional 3,013,850 shares in the last quarter. Bank of America Corp DE boosted its stake in DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after acquiring an additional 3,030,642 shares during the last quarter. State Street Corp grew its holdings in DICK’S Sporting Goods by 17.7% during the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after acquiring an additional 391,694 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 58.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after purchasing an additional 523,809 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the sale, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of several research reports. Barclays upped their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group raised their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.89.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $215.02 on Monday. DICK’S Sporting Goods, Inc. has a 12-month low of $170.73 and a 12-month high of $237.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The business has a 50 day simple moving average of $216.19 and a 200 day simple moving average of $209.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The company’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

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.