The stock of DICK’S Sporting Goods Inc. (NYSE:DKS) increased by $3.26 on Tuesday to $148.23, up 2.25 percent. The last five days have seen an average of 955,221 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $27.51. The average number of shares traded over the last 20 days was 933,685, while the average volume over the last 50 days totaled 1,049,828.
DKS stock appreciated 10.88% since last month. On 07/21/23, the company’s shares reached a one-month low of $129.45. The stock touched a high of $152.61 on 03/09/23, after rallying from a low of $98.01 in 52 weeks. The price of DKS stock has risen by 23.23% or $27.51 this year, reaching a new high 12 times. Still, the stock price is down -2.87% 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 69 days ago on Jun 07. On Jun 07, EVP, Chief Financial Officer Gupta Navdeep sold 16,321 shares at $136.28 each. This transaction resulted in the insider making $2,224,232. On Jun 07, Hayes John Edward III sold 1,733 shares at a price of US$136.66. After the transaction, the insider now owns 18,416 shares. Director Barrenechea Mark J had earlier sold 9,085 shares on May 25 for $123.54 a share. The transaction was completed for $1,122,361.
Valuation Metrics
DICK’S Sporting Goods Inc. (DKS) has a trailing price-to-earnings (P/E) ratio of 12.88. Beta for the stock is 1.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.05, the price-to-book (PB) ratio of 4.60, and the price-to-cash flow ratio of 23.53.
Company paid $1.00 per share in dividends, remained unchanged from $1.00 last year. A $0.5120 dividend increase was reported on Monday March 6 2023.
Financial Health
For the three months ended April 29, DICK’S Sporting Goods Inc.’s quick ratio was 0.80, while its current ratio was 2.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.55, and the total debt to equity ratio is 0.55. As far as profitability goes, gross margin for the trailing twelve months is 34.60% percent. DICK’S Sporting Goods Inc.’s EBITDA margin for the year ended April 29 was 14.90%, whereas its operating margin stood at 11.40% for the same period. Based on annual data, it had gross profit of $4.28 billion and revenue of $12.37 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DKS’s return on assets (ROA) during the last 12 months has been 12.00%. There was a 27.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 44.60%.
Earnings Surprise
According to DICK’S Sporting Goods Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.84 billion, while revenues rose by 5.0% to $3.6 billion. It was predicted that DICK’S Sporting Goods Inc.’s quarterly earnings would be $3.4, but it ended up being $3.18, beating the consensus by 6.90%. EBITDA was $408.61 million for the quarter. At the end of DICK’S Sporting Goods Inc.’s most recent quarter ended April 29, its liabilities totaled 6.43 billion, while its total debt was $4.21 billion. Equity owned by shareholders amounts to $86.23 million.
Technical Picture
Here’s a quick look at DICK’S Sporting Goods Inc.’s (DKS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 68.29%, suggesting the stock is Neutral, with a 31.14% historical volatility rate.
The stochastic %K and %D were 76.33% and 73.75% respectively, while the average true range (ATR) was 3.62. Based on the 14-day stochastic reading of 94.40%, the RSI (14) reading is 65.84%. On the 9-day MACD Oscillator, the stock is at -0.52, and the 14-day reading is at 1.99.
Analyst Ratings
In its analyst report released on March 14, 2023, Jefferies began covering DICK’S Sporting Goods Inc. (NYSE: DKS). The stock was rated as a Hold by the brokerage firm. Analysts have assigned DICK’S Sporting Goods Inc. (DKS) an Overweight rating. DKS is a stock that is recommended for selling by 0 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is DKS’s price target for the next 12 months?
The current consensus forecast for the stock is between $135.00 and $200.00, with a median target price of $157.50. In analyzing these forecasts, the average price target given by analysts for DICK’S Sporting Goods Inc. (DKS) is $157.80.
