M&T Bank Corp Has $711,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

M&T Bank Corp reduced its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,016 shares of the sporting goods retailer’s stock after selling 399 shares during the period. M&T Bank Corp’s holdings in DICK’S Sporting Goods were worth $711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DKS. CIBC Private Wealth Group LLC boosted its position in shares of DICK’S Sporting Goods by 116.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer’s stock worth $141,275,000 after buying an additional 632,420 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of DICK’S Sporting Goods by 1,168.3% during the first quarter. Envestnet Asset Management Inc. now owns 465,279 shares of the sporting goods retailer’s stock worth $7,918,000 after buying an additional 428,593 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $30,543,000. Squarepoint Ops LLC boosted its position in shares of DICK’S Sporting Goods by 38.4% during the fourth quarter. Squarepoint Ops LLC now owns 679,115 shares of the sporting goods retailer’s stock worth $81,691,000 after buying an additional 188,409 shares during the period. Finally, Man Group plc raised its stake in shares of DICK’S Sporting Goods by 261.9% during the 4th quarter. Man Group plc now owns 201,601 shares of the sporting goods retailer’s stock worth $24,251,000 after purchasing an additional 145,896 shares in the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of DICK’S Sporting Goods from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. StockNews.com initiated coverage on shares of DICK’S Sporting Goods in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 target price (down from $160.00) on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Finally, UBS Group reduced their price objective on shares of DICK’S Sporting Goods from $160.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.17.

DICK’S Sporting Goods Stock Up 0.3 %

DKS stock opened at $116.66 on Friday. The company has a market cap of $9.92 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business has a 50-day simple moving average of $133.63 and a 200 day simple moving average of $135.84. DICK’S Sporting Goods, Inc. has a 52 week low of $98.01 and a 52 week high of $152.61. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $3.68 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.86 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, September 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 35.49%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 1,733 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total value of $236,831.78. Following the transaction, the senior vice president now owns 18,416 shares in the company, valued at $2,516,730.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Sandeep Mathrani purchased 1,300 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now owns 6,647 shares in the company, valued at approximately $754,700.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,733 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total value of $236,831.78. Following the sale, the senior vice president now owns 18,416 shares in the company, valued at $2,516,730.56. The disclosure for this sale can be found here. Company insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.