Short Interest in DICK’S Sporting Goods, Inc. (NYSE:DKS) Increases By 9.6%

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,810,000 shares, an increase of 9.6% from the October 15th total of 5,300,000 shares. Approximately 9.6% of the shares of the company are short sold. Based on an average daily volume of 1,830,000 shares, the short-interest ratio is presently 3.2 days.

DICK’S Sporting Goods Stock Up 2.4 %

Shares of NYSE:DKS opened at $118.07 on Friday. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $152.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.81. The company’s fifty day moving average is $109.33 and its 200-day moving average is $124.49. The company has a market capitalization of $10.04 billion, a PE ratio of 10.48, a P/E/G ratio of 1.98 and a beta of 1.49.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.94). The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.68 EPS. Equities research analysts predict that DICK’S Sporting Goods will post 11.8 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $4.00 annualized dividend and a yield of 3.39%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 35.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DKS shares. Stifel Nicolaus lowered their price objective on shares of DICK’S Sporting Goods from $141.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, August 23rd. Morgan Stanley lowered their price objective on shares of DICK’S Sporting Goods from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial started coverage on shares of DICK’S Sporting Goods in a research note on Friday. They issued a “buy” rating and a $134.00 price objective on the stock. Stephens restated an “equal weight” rating and issued a $141.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Finally, Oppenheimer lowered their price objective on shares of DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.58.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Sandeep Mathrani purchased 1,300 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares in the company, valued at approximately $754,700.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Sandeep Mathrani purchased 1,300 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares in the company, valued at approximately $754,700.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J. Colombo purchased 2,200 shares of the stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $110.00 per share, for a total transaction of $242,000.00. Following the acquisition, the director now owns 170,192 shares of the company’s stock, valued at $18,721,120. The disclosure for this purchase can be found here. Corporate insiders own 30.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its position in DICK’S Sporting Goods by 196.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock valued at $25,000 after purchasing an additional 118 shares during the period. Quarry LP acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $26,000. Fortis Capital Advisors LLC acquired a new position in DICK’S Sporting Goods during the 1st quarter valued at about $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $29,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.