DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 18.6% in January

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 4,210,000 shares, a decline of 18.6% from the December 31st total of 5,170,000 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is presently 3.6 days.

Insider Transactions at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last ninety days. 32.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC grew its holdings in shares of DICK’S Sporting Goods by 86.6% during the fourth quarter. Kestra Investment Management LLC now owns 3,775 shares of the sporting goods retailer’s stock worth $864,000 after buying an additional 1,752 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in DICK’S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after acquiring an additional 54 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $486,000. Sanctuary Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 2.4% in the 4th quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer’s stock worth $12,378,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer’s stock valued at $42,809,000 after purchasing an additional 4,491 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS traded down $9.93 during mid-day trading on Friday, reaching $240.11. The company had a trading volume of 1,118,546 shares, compared to its average volume of 998,381. The stock has a market capitalization of $19.56 billion, a P/E ratio of 17.16, a PEG ratio of 2.79 and a beta of 1.58. DICK’S Sporting Goods has a 52-week low of $148.95 and a 52-week high of $254.60. The stock has a 50 day moving average of $226.27 and a two-hundred day moving average of $216.06. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 earnings per share. On average, analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Analysts Set New Price Targets

DKS has been the subject of several research reports. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Argus raised their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen raised their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Truist Financial boosted their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.