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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

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
State Street (STT)
4.8018 of 5 stars
$110.200.7%2.76%12.37Hold$109.92
Avnet (AVT)
3.9778 of 5 stars
$56.300.3%2.34%15.77Reduce$49.00
Digital Realty Trust (DLR)
4.5437 of 5 stars
$170.49-0.4%2.86%159.34Moderate Buy$187.16
Microchip Technology (MCHP)
3.7974 of 5 stars
$75.080.5%2.42%-7,508.00Moderate Buy$75.10
Urban Outfitters (URBN)
4.1188 of 5 stars
$72.470.8%N/A15.16Moderate Buy$74.09
DICK'S Sporting Goods (DKS)
4.9384 of 5 stars
$214.842.2%2.26%15.37Hold$219.56
Toll Brothers (TOL)
4.8398 of 5 stars
$122.941.3%0.81%9.12Moderate Buy$141.85
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