DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 7.8% in November

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,560,000 shares, a decrease of 7.8% from the October 31st total of 3,860,000 shares. Approximately 6.4% of the company’s shares are sold short. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC increased its holdings in DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc increased its holdings in DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after buying an additional 57 shares during the last quarter. Range Financial Group LLC increased its holdings in DICK’S Sporting Goods by 0.8% during the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock worth $2,017,000 after buying an additional 75 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in DICK’S Sporting Goods by 5.7% during the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock worth $398,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.1 %

Shares of DICK’S Sporting Goods stock traded up $2.29 during trading hours on Wednesday, reaching $211.78. The company’s stock had a trading volume of 782,229 shares, compared to its average volume of 1,097,322. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock’s fifty day simple moving average is $205.50 and its two-hundred day simple moving average is $211.15. DICK’S Sporting Goods has a one year low of $136.44 and a one year high of $239.30. The company has a market capitalization of $17.24 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.45 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the firm earned $2.85 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, research analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.08%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DKS shares. 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. JPMorgan Chase & Co. upped their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Bank of America upped their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Evercore ISI reiterated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Citigroup decreased 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 report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

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.