Bank of New York Mellon Corp Has $131.59 Million Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Bank of New York Mellon Corp lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 652,860 shares of the sporting goods retailer's stock after selling 15,114 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of DICK'S Sporting Goods worth $131,590,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $27,000. Ancora Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $28,000. Bessemer Group Inc. increased its stake in shares of DICK'S Sporting Goods by 108.6% during the 4th 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 last quarter. Private Trust Co. NA increased its stake in shares of DICK'S Sporting Goods by 54.1% during the 1st 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 last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of DICK'S Sporting Goods by 1,435.7% during the 1st 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 last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. DA Davidson restated a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Finally, Truist Financial set a $230.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $219.56.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction dated 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 directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,563 shares of company stock valued at $9,462,628 over the last quarter. 32.55% of the stock is currently owned by insiders.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $4.53 during mid-day trading on Thursday, reaching $214.84. The company had a trading volume of 1,411,775 shares, compared to its average volume of 1,298,181. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a 50 day moving average of $187.54 and a 200-day moving average of $205.23. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 3.00 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates 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. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's payout ratio is 34.69%.

About DICK'S Sporting Goods

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.