Dicks Sporting Goods Inc (NYSE:DKS) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 12,960,000 shares, a drop of 20.0% from the December 15th total of 16,200,000 shares. Based on an average trading volume of 2,060,000 shares, the days-to-cover ratio is currently 6.3 days. Approximately 21.2% of the company’s shares are short sold.
A number of brokerages recently issued reports on DKS. Barclays raised Dicks Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $56.00 in a research report on Wednesday, November 27th. Nomura raised their price objective on Dicks Sporting Goods from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Consumer Edge began coverage on Dicks Sporting Goods in a research report on Friday, December 27th. They set an “equal weight” rating and a $49.00 price objective for the company. Argus raised their price objective on Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Goldman Sachs Group raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $45.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $46.89.
Institutional investors have recently made changes to their positions in the stock. Brinker Capital Inc. boosted its holdings in Dicks Sporting Goods by 8.0% during the 3rd quarter. Brinker Capital Inc. now owns 6,741 shares of the sporting goods retailer’s stock valued at $275,000 after acquiring an additional 500 shares during the period. Verition Fund Management LLC purchased a new position in Dicks Sporting Goods during the 2nd quarter valued at about $280,000. Tower Research Capital LLC TRC boosted its holdings in Dicks Sporting Goods by 701.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,284 shares of the sporting goods retailer’s stock valued at $338,000 after acquiring an additional 7,251 shares during the period. Dupont Capital Management Corp boosted its holdings in Dicks Sporting Goods by 22.1% during the 3rd quarter. Dupont Capital Management Corp now owns 10,236 shares of the sporting goods retailer’s stock valued at $418,000 after acquiring an additional 1,850 shares during the period. Finally, D.B. Root & Company LLC boosted its holdings in Dicks Sporting Goods by 17.0% during the 3rd quarter. D.B. Root & Company LLC now owns 10,304 shares of the sporting goods retailer’s stock valued at $420,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 80.56% of the company’s stock.
Shares of NYSE:DKS traded up $0.17 during midday trading on Tuesday, reaching $49.40. 1,257,664 shares of the company’s stock were exchanged, compared to its average volume of 1,416,255. The firm’s 50 day simple moving average is $47.51 and its two-hundred day simple moving average is $39.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.38 and a quick ratio of 0.15. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 2.34 and a beta of 0.64. Dicks Sporting Goods has a fifty-two week low of $31.27 and a fifty-two week high of $49.80.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. Dicks Sporting Goods had a return on equity of 17.68% and a net margin of 3.82%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business posted $0.30 EPS. Dicks Sporting Goods’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts predict that Dicks Sporting Goods will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, December 12th. Dicks Sporting Goods’s dividend payout ratio (DPR) is 33.95%.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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