M&T Bank Corp Buys 2,750 Shares of DICK’S Sporting Goods, Inc. $DKS

M&T Bank Corp lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 38.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,969 shares of the sporting goods retailer’s stock after purchasing an additional 2,750 shares during the quarter. M&T Bank Corp’s holdings in DICK’S Sporting Goods were worth $1,974,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clearstead Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the period. Lido Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 3.9% during the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the period. Bath Savings Trust Co raised its stake in shares of DICK’S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after purchasing an additional 53 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock valued at $3,258,000 after purchasing an additional 54 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 36.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 63 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Truist Financial decreased their target price on 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. Finally, BTIG Research assumed coverage on DICK’S Sporting Goods in a research note on Thursday, April 16th. They issued a “buy” rating and a $300.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.89.

Insider Activity

In related news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction dated 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 completion of the sale, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.7%

Shares of DKS stock opened at $225.89 on Friday. The stock has a market capitalization of $20.11 billion, a PE ratio of 22.10, a P/E/G ratio of 3.15 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1-year low of $167.03 and a 1-year high of $237.31. The business has a 50-day moving average of $206.23 and a 200 day moving average of $209.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.DICK’S Sporting Goods’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.2%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 48.92%.

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.