DICK’S Sporting Goods Inc. (NYSE:DKS) finished Thursday with an addition of $2.4 to close at $113.55, an upside of 2.16 percent. An average of 6,679,360 shares of common stock have been traded in the last five days. There was a fall of -$30.75 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 2,459,320 shares traded, while the 50-day average volume stands at 1,606,244.
DKS stock has decreased by -14.07% in the last month. The company shares reached their 1-month lowest point of $106.11 on 08/23/23. 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 lost -5.60% or -$6.74 in price. In spite of this, the price is down -25.59% from the 52-week high.
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Insider Transactions
DKS stock investors should be aware that DICK’S Sporting Goods Inc. (DKS) stock had its last reported insider trading activity 79 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 9.86. The stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 3.53, and the price-to-cash flow ratio at 17.24.
Financial Health
The quick ratio of DICK’S Sporting Goods Inc. for the three months ended July 30 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 July 30. DICK’S Sporting Goods Inc.’s EBITDA margin for the year ending July 30 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 July 30, DICK’S Sporting Goods Inc. had $1.48 billion in total debt. In the quarter under review, the net income was up 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 $3.81 per share, but it turned out to be $2.82, a -26.00% surprise. For the quarter, EBITDA amounted to $398.88 million. Shareholders own equity worth $85.02 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 24 August was 23.12%, suggesting the stock is oversold, with historical volatility in this time frame at 142.44%.
As of today, DKS’s price is $125.98 -21.31% or -$30.75 from its 5-day moving average. DKS is currently trading -15.36% lower than its 20-day SMA and -19.97% lower than its 100-day SMA. However, the stock’s current price level is -15.90% below the SMA50 and +3.13% above the SMA200.
The stochastic %K and %D were 10.51% and 28.22%, respectively, and the average true range (ATR) was 6.98. With the 14-day stochastic at 16.65% and the average true range at 5.92, the RSI (14) stands at 28.14%. The stock has reached -22.81 on the 9-day MACD Oscillator while the 14-day reading was at -26.21.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on DICK’S Sporting Goods Inc. (NYSE: DKS), but raised their price target to $160, indicating a potential price increase of 29.03% for the stock.
