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Dick's Sporting Goods, State Street rise; Nordstrom falls

Stocks that traded heavily or had substantial price changes Wednesday:

Dick's Sporting Goods Inc., up $15.21 to $129.60.

The sporting goods chain reported a surge in revenues, a special dividend and doubled its stock buyback program.

Nordstrom Inc., down $6.67 to $31.14.

The retailer said its quarterly sales were still below the pre-pandemic 2019 period.

Toll Brothers Inc., up $2.62 to $63.66.

The homebuilder reported earnings that came in well ahead of analysts' forecasts.

Avnet Inc., up 81 cents to $40.45.

The technology company raised its dividend by 9.1%.

State Street Corp., up $2.43 to $92.

Rising bond yields helped bank stocks because they allow banks to charge higher interest rates on loans.

Urban Outfitters Inc., down $3.87 to $36.86.

Investors were disappointed with the retailer's outlook for its third quarter.

Microchip Technology Inc., up $3.40 to $151.45.

The company announced a 2-for-1 stock split that will take place in October.

Digital Realty Trust Inc., down $2.95 to $158.63.

Real estate investment trusts were among the sectors lagging the rest of the market.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
State Street (STT)
4.8686 of 5 stars
$111.27-1.5%3.02%12.46Moderate Buy$122.83
Avnet (AVT)
4.4656 of 5 stars
$52.08-0.6%2.69%19.08Reduce$49.00
Digital Realty Trust (DLR)
4.4402 of 5 stars
$172.94-0.6%2.82%45.39Moderate Buy$191.25
Microchip Technology (MCHP)
4.2725 of 5 stars
$65.14-0.3%2.79%-191.59Moderate Buy$75.75
Urban Outfitters (URBN)
4.3868 of 5 stars
$66.890.4%N/A13.06Moderate Buy$81.91
DICK'S Sporting Goods (DKS)
4.7893 of 5 stars
$228.50-0.8%2.12%15.96Hold$233.33
Toll Brothers (TOL)
4.5251 of 5 stars
$135.751.0%0.74%9.97Moderate Buy$149.43
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