In yesterday’s Wall Street session, DICK’S Sporting Goods Inc. (NYSE:DKS) shares traded at $145.21, up 4.36% from the previous session.
As of this writing, 27 analysts cover DICK’S Sporting Goods Inc. (NYSE:DKS). 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 $155.00. Given the previous closing price of $139.14, this indicates a potential upside of 11.4 percent. DKS stock price is now 9.17% away from the 50-day moving average and 12.57% away from the 200-day moving average. The market capitalization of the company currently stands at $12.42B.
There are 13 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $157.05 as their price target over the next twelve months.
With the price target of $155, Jefferies recently initiated with Hold rating for DICK’S Sporting Goods Inc. (NYSE: DKS).
In other news, Gupta Navdeep, EVP, Chief Financial Officer sold 16,321 shares of the company’s stock on Jun 07. The stock was sold for $2,224,232 at an average price of $136.28. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 97,012 shares in the company, valued at $14.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, SVP, General Counsel Hayes John Edward III sold 1,733 shares of the business’s stock. A total of $236,832 was realized by selling the stock at an average price of $136.66. This leaves the insider owning 18,416 shares of the company worth $2.67 million. Insiders disposed of 720,588 shares of company stock worth roughly $104.64 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 SUMITOMO MITSUI TRUST HOLDINGS, INC. during the first quarter worth $21,093,000. NOMURA HOLDINGS INC invested $19,450,000 in shares of DKS during the first quarter. In the first quarter, CLARK CAPITAL MANAGEMENT GROUP, INC. acquired a new stake in DICK’S Sporting Goods Inc. valued at approximately $14,941,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in DKS for approximately $9,392,000. TREK FINANCIAL, LLC purchased a new stake in DKS valued at around $7,988,000 in the second quarter. In total, there are 752 active investors with 97.56% ownership of the company’s stock.
Thursday morning saw DICK’S Sporting Goods Inc. (NYSE: DKS) opened at $139.79. During the past 12 months, DICK’S Sporting Goods Inc. has had a low of $93.65 and a high of $152.61. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.00, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $14.66B, which is based on a 12.61 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for DKS is $133.39 and a two-hundred day moving average price translates $129.17 for the stock.
The latest earnings results from DICK’S Sporting Goods Inc. (NYSE: DKS) was released for Apr, 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 8.70% and return on equity was 44.60% 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 $3.23B 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 2.75% 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 14.20%.
