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

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,860,000 shares, a decrease of 6.1% from the October 15th total of 4,110,000 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average trading volume of 904,000 shares, the short-interest ratio is presently 4.3 days.

DICK’S Sporting Goods Trading Up 1.1 %

Shares of DKS stock opened at $200.48 on Tuesday. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.25 and a beta of 1.64. DICK’S Sporting Goods has a 1 year low of $117.71 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company’s fifty day simple moving average is $206.50 and its two-hundred day simple moving average is $210.43.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 earnings per share. As a group, analysts anticipate that DICK’S Sporting Goods will post 13.91 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 32.28%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ORG Partners LLC increased its holdings in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares in the last quarter. Covestor Ltd lifted its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Quent Capital LLC boosted its stake in shares of DICK’S Sporting Goods by 0.6% in the 2nd quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock valued at $2,095,000 after purchasing an additional 57 shares in the last quarter. Finally, Vista Capital Partners Inc. raised its position in DICK’S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after purchasing an additional 57 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DKS. DA Davidson reissued a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Evercore ISI restated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Citigroup decreased their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Telsey Advisory Group increased their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

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.