DICK'S Sporting Goods, Inc. (NYSE:DKS) Sees Significant Increase in Short Interest

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 5,170,000 shares, a growth of 7.3% from the December 31st total of 4,820,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 9.3% of the shares of the company are sold short.

DICK'S Sporting Goods Trading Up 0.4 %

Shares of DKS traded up $0.85 during mid-day trading on Tuesday, hitting $238.12. 779,553 shares of the company's stock traded hands, compared to its average volume of 1,080,871. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods has a 1 year low of $152.42 and a 1 year high of $254.60. The firm has a market capitalization of $19.40 billion, a P/E ratio of 17.02, a PEG ratio of 2.73 and a beta of 1.57. The business's 50-day moving average price is $226.71 and its 200-day moving average price is $216.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The business's revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.85%. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

Analyst Ratings Changes

A number of analysts have recently issued reports on DKS shares. Telsey Advisory Group reiterated an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. TD Cowen lifted their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Loop Capital lifted their price target on 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. Truist Financial boosted their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 in the last 90 days. 32.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in shares of DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after purchasing an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of DICK'S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock valued at $373,327,000 after purchasing an additional 57,672 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of DICK'S Sporting Goods by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after purchasing an additional 10,640 shares in the last quarter. KBC Group NV boosted its position in shares of DICK'S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after purchasing an additional 217,390 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in DICK'S Sporting Goods in the third quarter worth $70,562,000. 89.83% of the stock is currently owned by institutional investors.

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.