Dicks Sporting Goods Inc. (NYSE:DKS) traded with a subtraction of -$0.18 to $106.01 on Thursday, a downside of -0.16 percent. An average of 1,316,161 shares of common stock have been traded in the last five days. There was a fall of -$4.85 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,640,195 shares traded, while the 50-day average volume stands at 1,930,910.
DKS stock has decreased by -8.11% in the last month. The company shares reached their 1-month lowest point of $104.97 on 09/28/23. 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 -11.87% or -$14.39 in price. In spite of this, the price is down -30.53% from the 52-week high.
Insider Transactions
DKS stock investors should be aware that Dicks Sporting Goods Inc. (DKS) stock had its last reported insider trading activity 113 days ago on Sep 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
Dicks Sporting Goods Inc. (DKS) has a trailing price-to-earnings (P/E) ratio of 9.41, which compares with the N/A for the broader industry. The stock’s beta is 1.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 3.36, and the price-to-cash flow ratio at 8.17.
The company has a payout ratio of 18.09%. 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 Dicks Sporting Goods Inc. for the three months ended July 30 was 0.78, and the current ratio was 1.81, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.61 for the quarter ending July 30. 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, Dicks Sporting Goods Inc.’s return on assets was 11.00%.
Earnings Surprise
For the three-month period that ended July 30, Dicks 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 $244.33 million in the quarter, while revenues were shrunk -30.36%. The analyst consensus anticipated Dicks 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 Dicks Sporting Goods Inc. (DKS) price momentum. RSI 9-day as of the close on 27 September was 26.18%, suggesting the stock is oversold, with historical volatility in this time frame at 20.54%.
As of today, DKS’s price is $107.28 -4.38% or -$4.85 from its 5-day moving average. DKS is currently trading -7.74% lower than its 20-day SMA and -25.21% lower than its 100-day SMA. However, the stock’s current price level is -21.83% below the SMA50 and -11.20% below the SMA200.
The stochastic %K and %D were 6.77% and 6.36%, respectively, and the average true range (ATR) was 2.80. With the 14-day stochastic at 9.71% and the average true range at 3.18, the RSI (14) stands at 29.97%. The stock has reached -3.01 on the 9-day MACD Oscillator while the 14-day reading was at -3.99.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on Dicks Sporting Goods Inc. (NYSE: DKS), but raised their price target to $160, indicating a potential price increase of 33.74% for the stock. The consensus rating for Dicks Sporting Goods Inc. (DKS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DKS, while 15 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 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 $110.00 and $200.00, with a median target of $129.00. Taking a look at these predictions, the average price target given by analysts for Dicks Sporting Goods Inc. (DKS) stock is $132.95.
