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

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

Analyst Upgrades and Downgrades

A number of research firms have commented on DKS. Telsey Advisory Group lifted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. UBS Group boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Citigroup cut their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a 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 stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $244.62.

Institutional Trading of DICK’S Sporting Goods

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after buying an additional 375,600 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DICK’S Sporting Goods by 15.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of DICK’S Sporting Goods by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock worth $164,341,000 after buying an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after buying an additional 156,227 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $2.28 during trading hours on Thursday, reaching $214.94. The stock had a trading volume of 679,034 shares, compared to its average volume of 1,094,466. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.31 and a beta of 1.62. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The firm has a 50-day moving average of $216.74 and a 200-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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period last year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts predict that DICK’S Sporting Goods will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

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