How Analysts Feel About DICK’S Sporting Goods Inc. (DKS)?


At the last check on Friday, DICK’S Sporting Goods Inc.’s (NYSE:DKS) stock was up $2.68, moving up 2.25 percent to $121.66. The average number of shares traded per day over the past five days has been 2,952,397 shares. 4 times new highs have been achieved over the past 5 days, with a $18.48 gain in that time frame. In the last twenty days, the average volume was 1,990,234, while in the previous 50 days, it was 1,820,330.

Since last month, DKS stock rose 3.52%. Shares of the company fell to $98.01 on 11/17/22, the lowest level in the past month. A 52-week high of $132.75 was reached on 11/25/22 after having rallying from a 52-week low of $63.45. Since the beginning of this year, DKS’s stock price has risen by 3.47% or $5.90, and marked a new high 6 times. However, the stock has declined by -8.35% since its 52-week high.

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DKS stock investors should be aware that DICK’S Sporting Goods Inc. (DKS) stock had its last reported insider trading activity 92 days ago on Aug 25. Hobart Lauren R, the President & CEO of the company, disposed of 10,584 shares for $109.79 on Aug 25. It resulted in a $1,162,067 divestment by the insider. Hayes John Edward III sold 16,219 shares at an average price of $109.70 on Aug 24. The insider now owns 27,231 shares following the transaction. On Aug 24, President & CEO Hobart Lauren R sold 53,486 shares at $110.21 apiece. The transaction was valued at $5,894,441.

Valuation Metrics

Right now, DICK’S Sporting Goods Inc. (DKS) has a P/E ratio of about 10.33. The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 4.14.

The latest dividend of $0.4880 per share was paid out, remained unchanged from last year’s $0.4880. On Tuesday March 8 2022, a $0.0505 dividend increase was announced.

Financial Health

In the three months ended July 30, DICK’S Sporting Goods Inc.’s quick ratio stood at 0.70, while its current ratio was 1.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.85, and the total debt-to-equity ratio was 0.85. On the profitability front, the trailing twelve-month gross margin is 37.10% percent. In the year ended July 30, operating margins totaled 14.50%. Based on annual data, DKS earned $4.71 billion in gross profit and brought in $12.29 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 38.70%. Return on equity (ROE) for the past 12 months was 55.20%.

In DICK’S Sporting Goods Inc.’s quarter-end financial report for July 30, it reported total debt of $1.48 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DKS’s revenue rose 7.14% to $3.11 billion during the quarter, while net income inched up to $2.96 billion. While analysts expected DICK’S Sporting Goods Inc. to report $3.58 quarterly earnings, the actual figure was $3.68 per share, beating the consensus estimate by 2.80%. During the quarter, the company generated $412.67 million in EBITDA. The liabilities of DICK’S Sporting Goods Inc. were 6.58 billion at the end of its most recent quarter ended July 30, and its total debt was $4.43 billion. The value of shareholders’ equity is $83.41 million.

Technical Picture

This quick technical analysis looks at DICK’S Sporting Goods Inc.’s (DKS) price momentum. With a historical volatility rate of 76.97%, the RSI 9-day stood at 65.96% on 23 November.

With respect to its five-day moving average, the current DICK’S Sporting Goods Inc. price is up by +18.05% percent or $18.48. At present, DKS shares trade +8.85% above its 20-day simple moving average and +53.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.74% above its SMA50 and +3.21% above its SMA200.

Stochastic coefficient K was 96.09% and Stochastic coefficient D was 91.34%, while ATR was 5.97. Given the Stochastic reading of 94.72% for the 14-day period, the RSI (14) reading has been calculated as 61.21%. As of today, the MACD Oscillator reading stands at 9.52, while the 14-day reading stands at 10.62.

Analyst Ratings

Gordon Haskett upgraded its rating on DICK’S Sporting Goods Inc. (NYSE: DKS) to a Buy in a note to investors on November 22, 2022. The analysts firm previously had a Hold rating on the stock.DICK’S Sporting Goods Inc. (DKS) has been rated Overweight by analysts. According to 0 brokerage firms, DKS is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate DICK’S Sporting Goods Inc. stock as buy, with 13 recommending it as overweight.

With a median target price of $135.00, the current consensus forecast for the stock is $112.00 – $160.00. Based on these forecasts, analysts predict DICK’S Sporting Goods Inc. (DKS) will achieve an average price target of $134.42.


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