DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 18.6% in January

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 4,210,000 shares, a drop of 18.6% from the December 31st total of 5,170,000 shares. Currently, 7.6% of the shares of the stock are sold short. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 3.6 days.

DICK’S Sporting Goods Stock Down 4.0 %

DKS traded down $9.93 during trading hours on Friday, hitting $240.11. 1,118,546 shares of the company’s stock were exchanged, compared to its average volume of 998,381. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.79 and a beta of 1.58. The stock’s 50-day moving average is $226.27 and its two-hundred day moving average is $216.06. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods has a 1-year low of $148.95 and a 1-year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $2.85 earnings per share. Sell-side analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.83%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently modified their holdings of the stock. New Wave Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at about $27,000. Sound Income Strategies LLC grew its stake in shares of DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 118 shares in the last quarter. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the third quarter worth about $30,000. Finally, True Wealth Design LLC raised its stake in DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Loop Capital upped their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Argus raised their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, TD Cowen upped their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $248.09.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.