DICK’S Sporting Goods, Inc. (NYSE: DKS) received a sharp rise in short rates in September. As of September 15, there were short interests totaling 12,590,000 shares, an increase of 30.6% compared to August 31 of a total of 9,640,000 shares. Based on an average daily volume of 2,050,000 shares, the short interest ratio is currently 6.1 days. Around 20.3% of the company’s shares are sold short.
DKS has been the subject of several research reports. Cowen raised his price target for the shares of DICK’s Sporting Goods from USD 150.00 to USD 170.00 and rated the shares as “outperform” in a research report on Thursday, August 26th. Wells Fargo & Company began reporting on DICK’s sporting goods in a research report on Wednesday, August 11th. They establish an “equilibrium” rating for the company. The Telsey Advisory Group raised its price target for DICK’s Sporting Goods from USD 125.00 to USD 153.00 and rated the stock as “outperform” in a report on Thursday, August 26th. Wedbush raised its price target for DICK’S Sporting Goods from USD 125.00 to USD 150.00 and rated the company as “outperform” in a report on Thursday, August 26th. Finally, Zacks Investment Research raised DICK’s Sporting Goods from a “hold” rating to a “strong buy” rating and set a price target of USD 136.00 for the stock in a research release on Wednesday. Nine investment analysts have rated the stock with a hold rating, eleven with a buy rating and one with a strong buy rating. The company currently has an average rating of “Buy” and a consensus price target of $ 125.35, according to MarketBeat.com.
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In related news, CFO Lee J. Belitsky sold 35,000 shares in the company in a transaction dated Friday, August 27. The shares were sold at an average price of $ 134.86 for a total value of $ 4,720,100.00. The transaction was announced in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, CFO Lee J. Belitsky sold 20,000 shares in the company in a transaction that took place on Wednesday, September 1. The shares were sold at an average price of $ 144.12 for a total transaction of $ 2,882,400.00. Following the transaction, the CFO now owns 269,943 shares in the company valued at approximately $ 38,904,185.16. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 68,123 shares in the company valued at $ 9,468,718. 30.09% of the shares are owned by insiders.
Large investors recently increased or reduced their stake in the company. Cypress Point Wealth Management LLC acquired a new position in DICK’s Sporting Goods valued at approximately $ 25,000 in the second quarter. Ameritas Investment Company LLC acquired a new stake in DICK’s Sporting Goods worth $ 33,000 in the first quarter. Tradition Wealth Management LLC added a new position in DICK’s Sporting Goods valued at $ 38,000 in the first quarter. TCTC Holdings LLC increased its stake in DICK’S Sporting Goods by 104.1% in the first quarter. TCTC Holdings LLC now owns 645 shares of the sporting goods retailer valued at $ 49,000 after purchasing an additional 329 shares during the reporting period. Finally, O Shaughnessy Asset Management LLC increased its stake in DICK’S Sporting Goods by 38.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 642 shares in the sporting goods retailer valued at $ 49,000 after buying an additional 179 shares last quarter. 79.04% of the shares are owned by institutional investors.
NYSE DKS shares rose $ 3.56 during Thursday’s trading hours to hit $ 121.16. 38,106 shares in the company with an average volume of 1,953,690 shares were exchanged. The company’s 50-day moving average price is $ 123.26 and the 200-day moving average price is $ 102.10. DICK’S Sporting Goods has a 1-year low of $ 50.88 and a 1-year high of $ 147.39. The stock has a market capitalization of $ 10.73 billion, a price to earnings ratio of 10.15, a PEG ratio of 0.84, and a beta of 1.74. The company has a debt of 0.14, a current ratio of 1.72 and a quick ratio of 0.94.
DICK’s Sporting Goods (NYSE: DKS) last released its earnings results on Tuesday, August 24th. The sporting goods retailer reported earnings of $ 5.08 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 2.80 by $ 2.28. DICK’S Sporting Goods had a net margin of 10.69% and a return on equity of 50.69%. The company had revenue of $ 3.28 billion for the quarter, compared to analyst expectations of $ 2.84 billion. For the same quarter last year, the company had earnings per share of $ 3.21. The company’s revenue increased 20.8% year over year. On average, research analysts expect earnings per share of 12.47 DICK’s Sporting Goods for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th, received a dividend of $ 0.4375 per share. The ex-dividend date was Thursday, September 9th. This equates to a dividend of $ 1.75 on an annual basis and a yield of 1.44%. This is an increase from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. The payout ratio of DICK’S Sporting Goods is currently 28.59%.
DICK’S Sportartikel company profile
Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes, and accessories through a mix of partners, in-store services, and unique in-store specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.
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