DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Update

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,170,000 shares, an increase of 7.3% from the December 15th total of 4,820,000 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is presently 4.8 days. Approximately 9.3% of the company’s shares are sold short.

DICK’S Sporting Goods Stock Performance

DKS stock traded up $0.96 during mid-day trading on Friday, hitting $228.09. The company had a trading volume of 1,054,586 shares, compared to its average volume of 906,565. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market cap of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. DICK’S Sporting Goods has a 12 month low of $141.02 and a 12 month high of $239.30. The stock’s fifty day moving average price is $217.66 and its two-hundred day moving average price is $213.54.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kerusso Capital Management LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $1,554,000. National Pension Service purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at $4,195,000. Marion Wealth Management bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $545,000. Strategy Asset Managers LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $4,325,000. Finally, Landscape Capital Management L.L.C. boosted its stake in DICK’S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after purchasing an additional 12,293 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Truist Financial raised their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.10.

About DICK’S Sporting Goods

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