M&T Bank Corp Sells 5,522 Shares of DICK’S Sporting Goods, Inc. $DKS

M&T Bank Corp trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 76.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,697 shares of the sporting goods retailer’s stock after selling 5,522 shares during the period. M&T Bank Corp’s holdings in DICK’S Sporting Goods were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in DICK’S Sporting Goods by 19.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,461 shares of the sporting goods retailer’s stock valued at $4,849,000 after acquiring an additional 3,912 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. TD Waterhouse Canada Inc. boosted its stake in DICK’S Sporting Goods by 8.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 31,643 shares of the sporting goods retailer’s stock valued at $6,264,000 after acquiring an additional 2,358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DICK’S Sporting Goods by 215.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,933 shares of the sporting goods retailer’s stock valued at $8,697,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its stake in DICK’S Sporting Goods by 18.3% in the fourth quarter. Bayforest Capital Ltd now owns 1,097 shares of the sporting goods retailer’s stock valued at $217,000 after acquiring an additional 170 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 0.2%

NYSE DKS opened at $225.08 on Monday. The company has a fifty day simple moving average of $205.56 and a two-hundred day simple moving average of $210.11. The stock has a market cap 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, Inc. has a 12-month low of $167.03 and a 12-month high of $237.31. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The business’s quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter last year, the company posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $1.25 dividend. This is an increase 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 of this dividend was Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is 48.92%.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was 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 of the company’s stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 32.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DKS shares. Barclays raised their target price on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Telsey Advisory Group restated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. BTIG Research started coverage on shares of DICK’S Sporting Goods in a research note on Thursday, April 16th. They issued a “buy” rating and a $300.00 target price for the company. Truist Financial lowered their target price on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, Wells Fargo & Company lowered their target price on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.