Short Interest in DICK’S Sporting Goods, Inc. (NYSE:DKS) Declines By 12.4%

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 5,170,000 shares, a decrease of 12.4% from the June 15th total of 5,900,000 shares. Currently, 9.3% of the company’s shares are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 4.9 days.

DICK’S Sporting Goods Stock Down 5.6 %

Shares of DKS traded down $12.69 during midday trading on Wednesday, hitting $213.78. The company had a trading volume of 1,289,031 shares, compared to its average volume of 1,162,806. The company’s 50-day simple moving average is $210.02 and its 200-day simple moving average is $191.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The firm has a market capitalization of $17.42 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.36 and a beta of 1.65. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.40 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DKS shares. Gordon Haskett increased their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. UBS Group upped their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, Stifel Nicolaus upped their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $237.09.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,400 shares of company stock worth $1,811,336. Company insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in DICK’S Sporting Goods during the first quarter worth $25,000. Covestor Ltd lifted its position in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $30,000. Versant Capital Management Inc lifted its position in shares of DICK’S Sporting Goods by 222.6% in the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.