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

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) saw a significant growth in short interest in 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. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 8.3% of the company's stock are sold short.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DKS shares. Loop Capital lifted their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. TD Cowen upped their target price on shares of 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. Argus increased their price target on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Truist Financial upped their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" 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. According to data from MarketBeat.com, the stock 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 other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated 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 directly owns 50,997 shares in the company, valued at approximately $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 sold 172,933 shares of company stock valued at $39,655,456 over the last 90 days. 32.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DKS. Kerusso Capital Management LLC acquired a new stake in DICK'S Sporting Goods in the third quarter worth about $1,554,000. National Pension Service bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter worth about $4,195,000. Marion Wealth Management acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth approximately $545,000. Strategy Asset Managers LLC bought a new position in shares of DICK'S Sporting Goods in the third quarter valued at approximately $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $257,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded down $6.80 during trading on Friday, hitting $224.70. 1,175,056 shares of the stock were exchanged, compared to its average volume of 1,010,549. 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 $165.75 and a 12 month high of $254.60. The stock's fifty day moving average is $232.99 and its 200 day moving average is $219.00. The stock has a market cap of $18.31 billion, a PE ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57.

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 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. As a group, sell-side analysts anticipate that DICK'S Sporting Goods will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is currently 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.