DICK'S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 18.6% in January

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,210,000 shares, a decline of 18.6% from the December 31st total of 5,170,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 3.6 days. Approximately 7.6% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DKS shares. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial lifted their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital increased their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, TD Cowen upped their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and an average price target of $248.09.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DKS. Greenleaf Trust increased its position in DICK'S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after purchasing an additional 50 shares during the period. ORG Partners LLC lifted its stake in shares of DICK'S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after buying an additional 54 shares in the last quarter. CIBC Asset Management Inc raised its position in DICK'S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after buying an additional 54 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in DICK'S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after purchasing an additional 54 shares during the last quarter. Finally, Stonegate Investment Group LLC boosted its holdings in shares of DICK'S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after buying an additional 58 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Up 0.4 %

DKS traded up $0.85 on Tuesday, hitting $238.12. 779,553 shares of the company were exchanged, compared to its average volume of 1,080,871. The company has a market cap of $19.40 billion, a PE ratio of 17.02, a PEG ratio of 2.73 and a beta of 1.57. 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 has a 12 month low of $152.42 and a 12 month high of $254.60. The stock's fifty day moving average is $226.71 and its 200-day moving average is $216.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its 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 return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the company posted $2.85 EPS. The company's revenue was up .5% compared to the same quarter last year. Equities research analysts predict that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors 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 1.85%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

About DICK'S Sporting Goods

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.