DICK’S Sporting Goods, Inc. (NYSE:DKS) Short Interest Down 7.8% in November

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,560,000 shares, a decrease of 7.8% from the October 31st total of 3,860,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 3.5 days. Currently, 6.4% of the shares of the company are short sold.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC grew its holdings in shares of DICK’S Sporting Goods by 37.0% during 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 grew its holdings in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares during the last quarter. Vista Capital Partners Inc. grew its holdings in shares of DICK’S Sporting Goods by 5.7% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after purchasing an additional 57 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of DICK’S Sporting Goods by 0.8% during the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after purchasing an additional 75 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of DICK’S Sporting Goods by 5.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock valued at $398,000 after purchasing an additional 103 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 1.1 %

Shares of NYSE:DKS traded up $2.29 during midday trading on Wednesday, reaching $211.78. 782,229 shares of the company were exchanged, compared to its average volume of 1,097,322. DICK’S Sporting Goods has a fifty-two week low of $136.44 and a fifty-two week high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $205.50 and a two-hundred day simple moving average of $211.15. The firm has a market cap of $17.24 billion, a PE ratio of 14.97, a P/E/G ratio of 2.45 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last issued 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. The business 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%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI reissued an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Loop Capital upped their price objective 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. Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Truist Financial increased 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 note on Wednesday, November 27th. Finally, DA Davidson reissued a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $244.95.

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.