Short Interest in DICK'S Sporting Goods, Inc. (NYSE:DKS) Expands By 19.6%

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,820,000 shares, an increase of 19.6% from the November 30th total of 4,030,000 shares. Currently, 8.6% of the shares of the company are sold short. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is presently 4.5 days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DKS shares. TD Cowen upped their target price on DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Wedbush reaffirmed a "neutral" rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial raised their price target on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Bank of America upped their price objective on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.95.

DICK'S Sporting Goods Price Performance

DKS traded down $0.98 on Friday, hitting $234.07. 720,277 shares of the company's stock were exchanged, compared to its average volume of 1,104,324. DICK'S Sporting Goods has a fifty-two week low of $137.06 and a fifty-two week high of $239.30. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.52 and a beta of 1.61. The firm has a 50-day moving average price of $209.71 and a 200-day moving average price of $212.78. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the business posted $2.85 earnings per share. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that DICK'S Sporting Goods will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

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 $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.88%. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

Hedge Funds Weigh In On DICK'S Sporting Goods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC boosted its holdings in DICK'S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in DICK'S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after acquiring an additional 54 shares during the last quarter. Vista Capital Partners Inc. grew its position in DICK'S Sporting Goods by 5.7% in the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock worth $227,000 after acquiring an additional 57 shares during the period. Range Financial Group LLC grew its position in DICK'S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer's stock worth $2,017,000 after acquiring an additional 75 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake 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 acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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.