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

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 5,520,000 shares, a decrease of 9.2% from the March 31st total of 6,080,000 shares. Currently, 9.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is presently 4.6 days.

DICK’S Sporting Goods Price Performance

DKS stock traded down $1.51 during trading on Monday, hitting $205.61. 912,565 shares of the stock traded hands, compared to its average volume of 1,163,250. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $225.79. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.51 and a beta of 1.58. The company has a 50 day simple moving average of $199.24 and a 200 day simple moving average of $157.66. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm posted $2.93 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that DICK’S Sporting Goods will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.14%. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders sold a total of 209,763 shares of company stock worth $46,483,438 in the last quarter. 30.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently modified their holdings of DKS. V Square Quantitative Management LLC bought a new stake in shares of DICK’S Sporting Goods during the first quarter worth approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Rise Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after buying an additional 159 shares during the last quarter. Blue Trust Inc. raised its stake in shares of DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares during the last quarter. Finally, Capital Analysts LLC raised its stake in shares of DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DKS. Barclays lifted their target price on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group lifted their target price on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, March 11th. UBS Group lifted their target price on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Oppenheimer raised their price target on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Company Profile

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.