The stock of DICK’S Sporting Goods Inc. (NYSE:DKS) increased by $2.82 on Monday to $114.49, up 2.53 percent. The last five days have seen an average of 6,825,191 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$5.66. The average number of shares traded over the last 20 days was 2,564,423, while the average volume over the last 50 days totaled 1,646,527.
DKS stock dropped -15.36% since last month. On 08/23/23, the company’s shares reached a one-month low of $106.11. 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 declined by -4.82% or -$5.66 this year, reaching a new high 12 times. Still, the stock price is down -24.98% 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 4 days ago on Aug 24. On Aug 24, Director MATHRANI SANDEEP acquired 1,300 shares at $113.54 each. This transaction resulted in the insider spending $147,602. On Jun 07, Gupta Navdeep sold 16,321 shares at a price of US$136.28. After the transaction, the insider now owns 97,012 shares. SVP, General Counsel Hayes John Edward III had earlier sold 1,733 shares on Jun 07 for $136.66 a share. The transaction was completed for $236,832.
Valuation Metrics
DICK’S Sporting Goods Inc. (DKS) has a trailing price-to-earnings (P/E) ratio of 10.26. Beta for the stock is 1.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 3.64, and the price-to-cash flow ratio of 9.26.
Company paid $1.00 per share in dividends, remained unchanged from $1.00 last year.
Financial Health
For the three months ended July 30, DICK’S Sporting Goods Inc.’s quick ratio was 0.80, while its current ratio was 1.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.56, and the total debt to equity ratio is 0.56. As far as profitability goes, gross margin for the trailing twelve months is 34.20% percent. DICK’S Sporting Goods Inc.’s EBITDA margin for the year ended July 30 was 14.90%, whereas its operating margin stood at 10.10% 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 11.10%. 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 39.60%.
Earnings Surprise
According to DICK’S Sporting Goods Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.22 billion, while revenues rose by 3.45% to $2.84 billion. It was predicted that DICK’S Sporting Goods Inc.’s quarterly earnings would be $2.82, but it ended up being $3.81, beating the consensus by -26.00%. EBITDA was $398.88 million for the quarter. At the end of DICK’S Sporting Goods Inc.’s most recent quarter ended July 30, its liabilities totaled 6.71 billion, while its total debt was $4.26 billion. Equity owned by shareholders amounts to $85.02 million.
Technical Picture
Here’s a quick look at DICK’S Sporting Goods Inc.’s (DKS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 28.01%, suggesting the stock is oversold, with a 139.16% historical volatility rate.
The stochastic %K and %D were 16.05% and 13.34% respectively, while the average true range (ATR) was 6.42. Based on the 14-day stochastic reading of 19.07%, the RSI (14) reading is 31.31%. On the 9-day MACD Oscillator, the stock is at -14.16, and the 14-day reading is at -20.36.
Analyst Ratings
In a note to investors, Telsey Advisory Group maintained its an Outperform rating on DICK’S Sporting Goods Inc. (NYSE: DKS). However, the firm raised their price target to $140, indicating a possible increase of 28.44% in the stock price. 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 15 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 9 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 $110.00 and $200.00, with a median target price of $129.00. In analyzing these forecasts, the average price target given by analysts for DICK’S Sporting Goods Inc. (DKS) is $132.95.
