Short Interest in DICK'S Sporting Goods, Inc. (NYSE:DKS) Declines By 6.1%

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,860,000 shares, a decline of 6.1% from the October 15th total of 4,110,000 shares. Approximately 6.9% of the shares of the company are sold short. Based on an average daily volume of 904,000 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of large investors have recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods in the third quarter worth about $27,000. ICA Group Wealth Management LLC acquired a new stake in DICK'S Sporting Goods during the second quarter worth about $28,000. Covestor Ltd lifted its holdings in DICK'S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. ORG Partners LLC acquired a new position in DICK'S Sporting Goods in the second quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DICK'S Sporting Goods during the third quarter valued at approximately $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. DA Davidson reissued a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Bank of America lifted their target price on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Evercore ISI reissued 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. JPMorgan Chase & Co. upped their target price on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Finally, UBS Group lifted their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $244.62.

DICK'S Sporting Goods Trading Up 1.1 %

Shares of NYSE DKS traded up $2.22 during midday trading on Monday, hitting $200.48. The stock had a trading volume of 1,064,383 shares, compared to its average volume of 1,063,999. The company has a fifty day moving average price of $206.64 and a 200 day moving average price of $210.42. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.25 and a beta of 1.64. DICK'S Sporting Goods has a 1-year low of $117.71 and a 1-year high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that DICK'S Sporting Goods will post 13.91 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.19%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 32.28%.

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.