DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Update

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,860,000 shares, a decrease of 6.1% from the October 15th total of 4,110,000 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average daily trading volume, of 904,000 shares, the days-to-cover ratio is presently 4.3 days.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at approximately $27,000. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $28,000. Covestor Ltd increased its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Barclays raised their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, UBS Group boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Up 1.1 %

DKS opened at $200.48 on Tuesday. DICK’S Sporting Goods has a fifty-two week low of $117.71 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.64. The firm’s fifty day moving average is $206.50 and its 200 day moving average is $210.43.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the firm earned $2.82 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that DICK’S Sporting Goods will post 13.91 earnings per share for the current fiscal 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 issued 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 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.