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

Bank of New York Mellon Corp trimmed its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $27,000. Ancora Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Bessemer Group Inc. increased its position 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 position 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 position 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. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the subject of several research reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America dropped their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Gordon Haskett downgraded DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price for the company. in a research report on Friday, May 16th. Finally, Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $219.56.

Insider Activity

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Eddy purchased 1,280 shares of the business's stock in a transaction on Thursday, June 26th. The shares were purchased at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the transaction, the director owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 55,866 shares of company stock valued at $11,462,773 over the last 90 days. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Down 2.2%

DKS stock traded down $4.74 during trading on Friday, hitting $209.89. 1,261,281 shares of the company's stock were exchanged, compared to its average volume of 1,295,160. The business has a 50-day moving average price of $187.86 and a two-hundred day moving average price of $204.98. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.00 and a beta of 1.07. 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 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 posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. As a group, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

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

DICK'S Sporting Goods 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.