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

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 5,520,000 shares, a drop of 9.2% from the March 31st total of 6,080,000 shares. Approximately 9.8% of the company’s shares are short sold. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 4.6 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DKS. Barclays boosted their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. DA Davidson increased their price target on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and lifted their price objective for the company from $154.00 to $235.00 in a report on Thursday, March 14th. Evercore ISI increased their price target on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Wedbush raised their price objective on DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus target price of $208.64.

Insider Buying and Selling

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. Corporate insiders own 30.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after purchasing an additional 94,745 shares in the last quarter. Pacer Advisors Inc. grew its position in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after buying an additional 34,942 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after buying an additional 10,091 shares in the last quarter. AQR Capital Management LLC increased its holdings in DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after acquiring an additional 467,243 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $108,908,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS traded down $2.94 during mid-day trading on Wednesday, hitting $198.00. 977,134 shares of the company were exchanged, compared to its average volume of 1,155,269. The stock has a 50 day simple moving average of $199.93 and a 200-day simple moving average of $158.32. DICK’S Sporting Goods has a 1-year low of $100.98 and a 1-year high of $225.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 2.49 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $2.93 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.22%. DICK’S Sporting Goods’s payout ratio is 36.12%.

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.