As of Wednesday close, DICK’S Sporting Goods Inc.’s (NYSE:DKS) stock was down -$0.59, moving down -0.51 percent to $114.78. The average number of shares traded per day over the past five days has been 2,650,520 shares. 3 times new highs have been achieved over the past 5 days, with a $3.63 gain in that time frame. In the last twenty days, the average volume was 2,738,825, while in the previous 50 days, it was 1,706,156.
Since last month, DKS stock retreated -18.18%. Shares of the company fell to $106.11 on 08/23/23, the lowest level in the past month. A 52-week high of $152.61 was reached on 03/09/23 after having rallying from a 52-week low of $98.01. Since the beginning of this year, DKS’s stock price has dropped by -4.58% or -$5.51, and marked a new high 12 times. However, the stock has declined by -24.79% 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 7 days ago on Aug 24. MATHRANI SANDEEP, the Director of the company, purchased of 1,300 shares for $113.54 on Aug 24. It resulted in a $147,602 investment by the insider. Gupta Navdeep sold 16,321 shares at an average price of $136.28 on Jun 07. The insider now owns 97,012 shares following the transaction. On Jun 07, SVP, General Counsel Hayes John Edward III sold 1,733 shares at $136.66 apiece. The transaction was valued at $236,832.
Valuation Metrics
Right now, DICK’S Sporting Goods Inc. (DKS) has a P/E ratio of about 10.29. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.79, the price-to-book (PB) ratio of 3.65, and the price-to-cash flow ratio of 9.28 may also be considered.
The latest dividend of $1.00 per share was paid out, remained unchanged from last year’s $1.00.
Financial Health
In the three months ended July 30, DICK’S Sporting Goods Inc.’s quick ratio stood at 0.80, 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 0.56, and the total debt-to-equity ratio was 0.56. On the profitability front, the trailing twelve-month gross margin is 34.20% percent. In the year ended July 30, EBITDA margin amounted to 14.90%, whereas operating margins totaled 10.10%. Based on annual data, DKS earned $4.28 billion in gross profit and brought in $12.37 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 27.60%. Return on equity (ROE) for the past 12 months was 39.60%.
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 higher net income in the recent quarter than it did in the previous quarter. DKS’s revenue rose 3.45% to $2.84 billion during the quarter, while net income inched up to $3.22 billion. While analysts expected DICK’S Sporting Goods Inc. to report $3.81 quarterly earnings, the actual figure was $2.82 per share, beating the consensus estimate by -26.00%. During the quarter, the company generated $398.88 million in EBITDA. The liabilities of DICK’S Sporting Goods Inc. were 6.71 billion at the end of its most recent quarter ended July 30, and its total debt was $4.26 billion. The value of shareholders’ equity is $85.02 million.
Technical Picture
This quick technical analysis looks at DICK’S Sporting Goods Inc.’s (DKS) price momentum. With a historical volatility rate of 141.65%, the RSI 9-day stood at 29.54% on 30 August.
With respect to its five-day moving average, the current DICK’S Sporting Goods Inc. price is up by +3.27% percent or $3.63. At present, DKS shares trade -17.51% below its 20-day simple moving average and -16.79% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.34% below its SMA50 and +3.35% above its SMA200.
Stochastic coefficient K was 20.87% and Stochastic coefficient D was 18.87%, while ATR was 5.82. Given the Stochastic reading of 19.40% for the 14-day period, the RSI (14) reading has been calculated as 32.34%. As of today, the MACD Oscillator reading stands at -5.44, while the 14-day reading stands at -14.04.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on DICK’S Sporting Goods Inc. (NYSE: DKS) in a note to investors. The analysts firm has however raised their price target to $140, representing a possible 28.26% increase in the stock price. DICK’S Sporting Goods Inc. (DKS) has been rated Overweight by analysts. According to 0 brokerage firms, DKS is a sell, and 15 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 9 recommending it as overweight.
With a median target price of $129.00, the current consensus forecast for the stock is $110.00 – $200.00. Based on these forecasts, analysts predict DICK’S Sporting Goods Inc. (DKS) will achieve an average price target of $132.95.
