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

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

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last 90 days. Company insiders own 30.79% of the company’s stock.

Hedge Funds 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 DKS. Victory Capital Management Inc. raised its stake in DICK’S Sporting Goods by 9,735.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock worth $243,140,000 after acquiring an additional 2,216,506 shares during the last quarter. Norges Bank acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth about $108,908,000. AQR Capital Management LLC grew its position in DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares during the period. Barclays PLC grew its position in DICK’S Sporting Goods by 148.3% during the 3rd quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock worth $64,388,000 after purchasing an additional 354,217 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth about $47,196,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.7 %

Shares of DKS traded down $1.51 during midday trading on Monday, hitting $205.61. 912,565 shares of the company’s stock traded hands, compared to its average volume of 1,163,250. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $225.79. The firm’s fifty day moving average is $199.24 and its 200-day moving average is $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. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.58.

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

DICK’S Sporting Goods Increases Dividend

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

Analyst Ratings Changes

DKS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. DA Davidson upped their target price on DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Truist Financial upped their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their target price for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. Finally, Morgan Stanley upped their target price on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently 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.