DICK'S Sporting Goods, Inc. (NYSE:DKS) Short Interest Up 9.3% in January

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,600,000 shares, a growth of 9.3% from the January 15th total of 4,210,000 shares. Currently, 8.3% of the company's shares are short sold. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 3.9 days.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $0.39 during trading hours on Thursday, hitting $231.35. 987,133 shares of the company's stock were exchanged, compared to its average volume of 1,005,431. DICK'S Sporting Goods has a 1-year low of $165.40 and a 1-year high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.51 and a beta of 1.57. The company's 50-day moving average price is $232.71 and its 200-day moving average price is $218.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping 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 business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. The firm's revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share 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. Shareholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.90%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 31.45%.

Insider Transactions at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 over the last three months. Company insiders own 32.03% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

Several large investors have recently added to or reduced their stakes in the company. Peak Retirement Planning Inc. acquired a new position in DICK'S Sporting Goods in the 4th quarter valued at approximately $1,036,000. Toronto Dominion Bank raised its holdings in DICK'S Sporting Goods by 6.5% in the 4th quarter. Toronto Dominion Bank now owns 7,801 shares of the sporting goods retailer's stock valued at $1,785,000 after acquiring an additional 479 shares in the last quarter. CSS LLC IL raised its holdings in DICK'S Sporting Goods by 12.3% in the 4th quarter. CSS LLC IL now owns 2,470 shares of the sporting goods retailer's stock valued at $565,000 after acquiring an additional 270 shares in the last quarter. WBI Investments LLC raised its holdings in DICK'S Sporting Goods by 6.6% in the 4th quarter. WBI Investments LLC now owns 2,231 shares of the sporting goods retailer's stock valued at $511,000 after acquiring an additional 139 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in DICK'S Sporting Goods by 6.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,963 shares of the sporting goods retailer's stock valued at $1,136,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKS. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Telsey Advisory Group restated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen boosted their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Loop Capital boosted their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.

DICK'S Sporting Goods Company Profile

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.