Bank of New York Mellon Corp Purchases New Holdings in DICK'S Sporting Goods, Inc. $DKS

Bank of New York Mellon Corp acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 568,505 shares of the sporting goods retailer's stock, valued at approximately $128,943,000. Bank of New York Mellon Corp owned about 0.64% of DICK'S Sporting Goods at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jacobi Capital Management LLC increased its stake in DICK'S Sporting Goods by 4.5% in the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer's stock worth $235,000 after buying an additional 51 shares during the period. Lido Advisors LLC boosted its position in DICK'S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock valued at $302,000 after buying an additional 51 shares during the period. Fifth Third Wealth Advisors LLC boosted its position 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 buying an additional 54 shares during the period. PCB Capital LLC grew its stake in DICK'S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer's stock worth $715,000 after acquiring an additional 55 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of DICK'S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer's stock worth $194,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded DICK'S Sporting Goods from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Jefferies Financial Group lifted their price objective on DICK'S Sporting Goods from $210.00 to $224.00 and gave the company a "hold" rating in a report on Wednesday, May 27th. Truist Financial upped their price objective on shares of DICK'S Sporting Goods from $252.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, May 27th. Morgan Stanley increased their target price on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Finally, Weiss Ratings cut shares of DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $258.44.

DICK'S Sporting Goods Price Performance

Shares of DKS opened at $183.23 on Monday. The company has a 50 day moving average of $213.93 and a two-hundred day moving average of $211.41. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK'S Sporting Goods, Inc. has a twelve month low of $176.07 and a twelve month high of $244.38. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued 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 22.22% and a net margin of 4.71%.The business's revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts predict that DICK'S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. DICK'S Sporting Goods's dividend payout ratio (DPR) 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.

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