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

Bank of New York Mellon Corp trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 558,538 shares of the sporting goods retailer’s stock after selling 44,459 shares during the quarter. Bank of New York Mellon Corp’s holdings in DICK’S Sporting Goods were worth $110,753,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its position in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after acquiring an additional 51 shares in the last quarter. Lido Advisors LLC increased its position in shares of DICK’S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after purchasing an additional 51 shares in the last quarter. Bath Savings Trust Co increased its position in shares of DICK’S Sporting Goods by 0.4% during the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock worth $2,448,000 after purchasing an additional 53 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in DICK’S Sporting Goods by 0.3% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock valued at $3,258,000 after purchasing an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in DICK’S Sporting Goods by 2.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after purchasing an additional 54 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Telsey Advisory Group lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $214.06 on Tuesday. The business’s 50 day moving average price is $223.21 and its 200 day moving average price is $212.69. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods, Inc. has a one year low of $186.67 and a one year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the company earned $3.37 earnings per share. The firm’s quarterly revenue was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

About DICK’S Sporting Goods

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.