DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 8.9% in September

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,210,000 shares, a decrease of 8.9% from the September 15th total of 4,620,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 7.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DKS. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after purchasing an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in DICK’S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after purchasing an additional 164,706 shares during the last quarter. AQR Capital Management LLC lifted its position in DICK’S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after purchasing an additional 156,227 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after purchasing an additional 102,609 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Citigroup dropped their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Robert W. Baird reissued a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Up 1.1 %

NYSE DKS traded up $2.28 during trading hours on Thursday, reaching $214.94. 679,034 shares of the company traded hands, compared to its average volume of 1,094,466. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $17.52 billion, a PE ratio of 17.79, a PEG ratio of 2.31 and a beta of 1.62. The company has a 50 day moving average of $216.74 and a two-hundred day moving average of $210.78.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the firm posted $2.82 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that DICK’S Sporting Goods will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.