DICK’S Sporting Goods Inc. (NYSE:DKS) finished Thursday with a subtraction of -$3.87 to close at $140.88, a downside of -2.67 percent. An average of 805,216 shares of common stock have been traded in the last five days. There was a fall of -$3.45 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 910,024 shares traded, while the 50-day average volume stands at 1,056,194.
DKS stock has increased by 2.17% in the last month. The company shares reached their 1-month lowest point of $129.45 on 07/21/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $98.01 and a high of $152.61 in 52 weeks. It has reached a new high 12 times so far this year and achieved 17.12% or $21.21 in price. In spite of this, the price is down -7.69% from the 52-week high.
Insider Transactions
DKS stock investors should be aware that DICK’S Sporting Goods Inc. (DKS) stock had its last reported insider trading activity 65 days ago on Jun 07. In this transaction, the insider spent $2,224,232. SVP, General Counsel, Hayes John Edward III, disposed of 1,733 shares at a price of $136.66 on Jun 07. The insider now owns more than $236,832 worth of shares. Prior to that, Director Barrenechea Mark J went on to Sale 9,085 shares at $123.54 each on May 25. An amount of $1,122,361 was transacted.
Valuation Metrics
DICK’S Sporting Goods Inc. (DKS) has a trailing price-to-earnings (P/E) ratio of 12.24. The stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.97, the price-to-book (PB) ratio at 4.38, and the price-to-cash flow ratio at 36.09.
The company has a payout ratio of 14.20%. The company’s most recent quarterly dividend payment was $1.00 a share, without any change from last year. Its latest increase dividend $0.5120 reported on Monday March 6 2023.
Financial Health
The quick ratio of DICK’S Sporting Goods Inc. for the three months ended April 29 was 0.80, and the current ratio was 2.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.55 for the quarter ending April 29. DICK’S Sporting Goods Inc.’s EBITDA margin for the year ending April 29 is 14.90%, while its operating margin for the same period stands at 11.40%. Its gross profit as reported stood at $4.28 billion compared to revenue of $12.37 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, DICK’S Sporting Goods Inc.’s return on assets was 12.00%.
Earnings Surprise
For the three-month period that ended April 29, DICK’S Sporting Goods Inc. had $1.48 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $304.65 million in the quarter, while revenues of $235.62 million were grew 14.47%. The analyst consensus anticipated DICK’S Sporting Goods Inc.’s latest quarter earnings to come in at $3.18 per share, but it turned out to be $3.4, a 6.90% surprise. For the quarter, EBITDA amounted to $408.61 million. Shareholders own equity worth $86.23 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DICK’S Sporting Goods Inc. (DKS) price momentum. RSI 9-day as of the close on 10 August was 53.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.42%.
As of today, DKS’s price is $144.58 -2.38% or -$3.45 from its 5-day moving average. DKS is currently trading +4.87% higher than its 20-day SMA and -1.57% lower than its 100-day SMA. However, the stock’s current price level is +10.97% above the SMA50 and +23.78% above the SMA200.
The stochastic %K and %D were 75.54% and 83.91%, respectively, and the average true range (ATR) was 3.46. With the 14-day stochastic at 59.97% and the average true range at 3.38, the RSI (14) stands at 56.27%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 3.42.
Analyst Ratings
Jefferies launched coverage on DICK’S Sporting Goods Inc. (NYSE: DKS) in its analyst report released on March 14, 2023. The firm assigned the stock a Hold rating. The consensus rating for DICK’S Sporting Goods Inc. (DKS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DKS, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is DKS’s price target for the next 12 months?
Analysts predict a range of price targets between $135.00 and $200.00, with a median target of $155.00. Taking a look at these predictions, the average price target given by analysts for DICK’S Sporting Goods Inc. (DKS) stock is $157.05.
