DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 652,860 shares of the sporting goods retailer's stock after selling 15,114 shares during the period. Bank of New York Mellon Corp owned approximately 0.82% of DICK'S Sporting Goods worth $131,590,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DKS. Park Square Financial Group LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter worth about $27,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter worth about $28,000. Bessemer Group Inc. raised its stake in DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the period. Private Trust Co. NA raised its stake in DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in DICK'S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 201 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a research note on Thursday, May 15th. DA Davidson reissued a "buy" rating and issued a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Finally, Loop Capital reduced their price target on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $219.56.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $4.74 on Friday, hitting $209.89. The company's stock had a trading volume of 1,258,615 shares, compared to its average volume of 1,298,024. The firm has a 50 day moving average of $187.54 and a two-hundred day moving average of $205.23. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 3.00 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.31%. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 9,303 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the transaction, the executive vice president owned 87,778 shares in the company, valued at approximately $18,872,270. This represents a 9.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,866 shares of company stock worth $11,462,773 in the last 90 days. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Company Profile

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.