DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Update

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,170,000 shares, an increase of 7.3% from the December 15th total of 4,820,000 shares. Approximately 9.3% of the shares of the company are sold short. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 4.8 days.

Insider Activity

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction 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 sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DKS. Whalen Wealth Management Inc. acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at $271,000. Wendell David Associates Inc. increased its stake in shares of DICK’S Sporting Goods by 63.1% in the fourth quarter. Wendell David Associates Inc. now owns 7,833 shares of the sporting goods retailer’s stock valued at $1,793,000 after buying an additional 3,030 shares during the period. Janney Montgomery Scott LLC raised its position in shares of DICK’S Sporting Goods by 8.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,330 shares of the sporting goods retailer’s stock worth $4,195,000 after acquiring an additional 1,353 shares during the last quarter. Beaumont Financial Advisors LLC raised its position in shares of DICK’S Sporting Goods by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 56,637 shares of the sporting goods retailer’s stock worth $12,961,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $3,942,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock traded up $0.96 during midday trading on Friday, hitting $228.09. 1,054,586 shares of the company traded hands, compared to its average volume of 906,565. The firm’s fifty day moving average price is $217.66 and its 200-day moving average price is $213.54. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.62 and a beta of 1.58. DICK’S Sporting Goods has a 12 month low of $141.02 and a 12 month high of $239.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results 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. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The company’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DKS. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. TD Cowen boosted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Truist Financial raised their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average target price of $246.10.

About DICK’S Sporting Goods

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.