Dicks Sporting Goods Inc (NYSE:DKS) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 18,910,000 shares, a decrease of 8.9% from the August 30th total of 20,750,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 8.4 days. Currently, 29.9% of the shares of the company are short sold.
NYSE:DKS traded up $0.32 during mid-day trading on Thursday, hitting $39.10. The company’s stock had a trading volume of 322,870 shares, compared to its average volume of 2,301,347. Dicks Sporting Goods has a fifty-two week low of $29.69 and a fifty-two week high of $41.53. The company has a current ratio of 1.28, a quick ratio of 0.17 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 2.01 and a beta of 0.60. The stock has a fifty day moving average of $37.78 and a 200-day moving average of $36.50.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. Dicks Sporting Goods had a net margin of 3.64% and a return on equity of 16.96%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Dicks Sporting Goods will post 3.38 earnings per share for the current fiscal year.
A number of brokerages have recently commented on DKS. Wells Fargo & Co lowered shares of Dicks Sporting Goods from an “outperform” rating to a “market perform” rating and set a $39.00 price objective for the company. in a research report on Monday, September 16th. Stifel Nicolaus upped their price objective on shares of Dicks Sporting Goods from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday, September 18th. UBS Group upped their price objective on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. ValuEngine lowered shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley set a $36.00 price objective on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Dicks Sporting Goods presently has an average rating of “Hold” and an average target price of $40.71.
Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Dicks Sporting Goods by 32.4% during the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock valued at $52,679,000 after purchasing an additional 350,515 shares during the period. Investors Research Corp raised its stake in Dicks Sporting Goods by 23.5% during the 2nd quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 400 shares during the period. WINTON GROUP Ltd acquired a new stake in Dicks Sporting Goods during the 2nd quarter valued at $435,000. Empirical Finance LLC raised its stake in Dicks Sporting Goods by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 66,946 shares of the sporting goods retailer’s stock valued at $2,318,000 after purchasing an additional 583 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Dicks Sporting Goods by 22.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,630 shares of the sporting goods retailer’s stock valued at $749,000 after purchasing an additional 4,000 shares during the period. 80.02% of the stock is owned by hedge funds and other institutional investors.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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