DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Up 11.1% in June

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 5,900,000 shares, a growth of 11.1% from the May 31st total of 5,310,000 shares. Approximately 10.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 5.4 days.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $108,908,000. Wedge Capital Management L L P NC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $47,196,000. Vanguard Group Inc. grew its stake in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the period. Los Angeles Capital Management LLC grew its stake in DICK’S Sporting Goods by 5,379.0% in the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after purchasing an additional 164,706 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $19,219,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DKS shares. Loop Capital boosted their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Oppenheimer boosted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. The Goldman Sachs Group boosted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Barclays boosted their price objective on DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, UBS Group boosted their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $237.09.

DICK’S Sporting Goods Trading Down 5.7 %

Shares of DICK’S Sporting Goods stock traded down $12.26 during midday trading on Monday, reaching $202.59. 1,615,924 shares of the company’s stock traded hands, compared to its average volume of 1,164,878. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market cap of $16.51 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The stock has a 50 day moving average of $209.20 and a 200-day moving average of $185.85. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 earnings per share. As a group, equities analysts expect that DICK’S Sporting Goods will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. DICK’S Sporting Goods’s dividend payout ratio is presently 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.