M&T Bank Corp Trims Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• M&T Bank cut its stake in DICK'S Sporting Goods by 76.5% in Q4, selling 5,522 shares and leaving it with 1,697 shares valued at about $336,000.
• DICK'S beat Q results modestly with EPS of $3.45 and revenue of $6.23B (up 59.9% YoY), and set FY2026 EPS guidance of 13.50–14.50 (analysts expect ~14.29).
• Significant insider selling occurred — Chairman Edward W. Stack sold 210,478 shares for roughly $41.6M — while insiders own 32.55% of the stock and institutional investors control about 89.8%.

M&T Bank Corp reduced its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 76.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,697 shares of the sporting goods retailer's stock after selling 5,522 shares during the quarter. M&T Bank Corp's holdings in DICK'S Sporting Goods were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Brown Advisory Inc. raised its position in DICK'S Sporting Goods by 9.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer's stock worth $226,000 after purchasing an additional 100 shares during the period. Cerity Partners LLC raised its position in DICK'S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer's stock worth $316,000 after purchasing an additional 562 shares during the period. Bank of Nova Scotia purchased a new stake in DICK'S Sporting Goods in the 2nd quarter worth about $417,000. Daiwa Securities Group Inc. raised its position in DICK'S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer's stock worth $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC raised its position in DICK'S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer's stock worth $584,000 after purchasing an additional 124 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

Shares of DKS stock opened at $225.08 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The company's 50-day simple moving average is $205.56 and its two-hundred day simple moving average is $210.11. DICK'S Sporting Goods, Inc. has a one year low of $167.03 and a one year high of $237.31. The company has a market capitalization of $20.04 billion, a P/E ratio of 22.02, a P/E/G ratio of 3.19 and a beta of 1.21.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. DICK'S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same period last year, the firm earned $3.62 earnings per share. The company's quarterly revenue was up 59.9% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $1.25 per share. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.21. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, March 27th. DICK'S Sporting Goods's payout ratio is 48.92%.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 32.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of DICK'S Sporting Goods in a research note on Friday, March 27th. Truist Financial dropped their target price on shares of DICK'S Sporting Goods from $275.00 to $252.00 and set a "buy" rating on the stock in a research note on Thursday, March 12th. UBS Group restated a "buy" rating on shares of DICK'S Sporting Goods in a research note on Tuesday, March 3rd. Jefferies Financial Group restated a "hold" rating and issued a $210.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, March 12th. Finally, Morgan Stanley dropped their target price on shares of DICK'S Sporting Goods from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $241.89.

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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.