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

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DKS shares. TD Cowen upped their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Argus lifted their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Wedbush restated a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods 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 lifted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $2.96 during trading hours on Tuesday, hitting $240.23. 200,125 shares of the company’s stock traded hands, compared to its average volume of 1,052,984. The company’s fifty day simple moving average is $226.71 and its two-hundred day simple moving average is $216.16. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods has a 52 week low of $152.42 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 earnings per share. As a group, equities analysts anticipate that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of DKS. Birchcreek Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter worth about $227,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of DICK’S Sporting Goods by 4.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer’s stock worth $4,577,000 after acquiring an additional 900 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of DICK’S Sporting Goods by 10.0% in the fourth quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer’s stock worth $506,000 after acquiring an additional 201 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of DICK’S Sporting Goods by 26.2% during the fourth quarter. Navellier & Associates Inc. now owns 5,242 shares of the sporting goods retailer’s stock valued at $1,200,000 after acquiring an additional 1,089 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of DICK’S Sporting Goods by 7.8% in the 4th quarter. Allianz Asset Management GmbH now owns 191,734 shares of the sporting goods retailer’s stock valued at $43,877,000 after acquiring an additional 13,928 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.