In yesterday’s Wall Street session, DICK’S Sporting Goods Inc. (NYSE:DKS) shares traded at $122.36, down -1.20% from the previous session.
27 analysts cover DICK’S Sporting Goods Inc. (NYSE:DKS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $200.00 and a low of $135.00, we find $152.50. Given the previous closing price of $123.85, this indicates a potential upside of 23.13 percent. DKS stock price is now -12.63% away from the 50-day moving average and -0.86% away from the 200-day moving average. The market capitalization of the company currently stands at $11.17B.
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The stock has received a hold rating from 13 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $156.80 as their price target over the next twelve months.
In other news, Lodge-Jarrett Julie, SVP, Chf People & Purpose Ofcr sold 8,560 shares of the company’s stock on Apr 11. The stock was sold for $1,198,400 at an average price of $140.00. Upon completion of the transaction, the SVP, Chf People & Purpose Ofcr now directly owns 30,712 shares in the company, valued at $3.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 06, Director Fink Anne sold 3,174 shares of the business’s stock. A total of $441,451 was realized by selling the stock at an average price of $139.08. This leaves the insider owning 14,481 shares of the company worth $1.77 million. Insiders disposed of 696,298 shares of company stock worth roughly $85.2 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DKS stock. A new stake in DICK’S Sporting Goods Inc. shares was purchased by NOMURA HOLDINGS INC during the first quarter worth $16,389,000. CLARK CAPITAL MANAGEMENT GROUP, INC. invested $12,590,000 in shares of DKS during the first quarter. In the first quarter, MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in DICK’S Sporting Goods Inc. valued at approximately $7,914,000. TREK FINANCIAL, LLC acquired a new stake in DKS for approximately $6,731,000. FORA CAPITAL, LLC purchased a new stake in DKS valued at around $4,191,000 in the second quarter. In total, there are 699 active investors with 95.93% ownership of the company’s stock.
On Thursday morning DICK’S Sporting Goods Inc. (NYSE: DKS) stock kicked off with the opening price of $124.14. During the past 12 months, DICK’S Sporting Goods Inc. has had a low of $63.45 and a high of $152.61. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.90, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $12.88B, which is based on a 11.64 price-to-earnings ratio, a 1.97 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for DKS is $139.57 and a two-hundred day moving average price translates $123.55 for the stock.
The latest earnings results from DICK’S Sporting Goods Inc. (NYSE: DKS) was released for Jan, 2023. According to the Specialty Retail Company, earnings per share came in at $3.4, beating analysts’ expectations of $3.18 by 0.22. This compares to $2.40 EPS in the same period last year. The net profit margin was 8.40% and return on equity was 45.00% for DKS. The company reported revenue of $2.84 billion for the quarter, compared to $2.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.26 percent. For the current quarter, analysts expect DKS to generate $3.22B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $1.00 dividend. On an annualized basis, this represents a $4.00 dividend and a 3.27% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, DKS is presently at 14.10%.
DICK’S Sporting Goods Inc.(DKS) Company Profile
DICK’S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. It also owns and operates Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone!, and other specialty concept stores; and DICK’S House of Sports and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile application for video streaming, scorekeeping, scheduling, and communications. The company sells its product through e-commerce websites and mobile applications. The company was formerly known as Dick’S Clothing and Sporting Goods, Inc. and changed its name to DICK’S Sporting Goods, Inc. in April 1999. DICK’S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.
