Dicks Sporting Goods, Inc. (NYSE: DKS) is 43.91% higher on its value in year-to-date trading and has touched a low of $100.98 and a high of $222.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DKS stock was last observed hovering at around $216.81 in the last trading session, with the day’s loss setting it -5.33%.
Currently trading at $211.48, the stock is 18.33% and 30.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.24 million and changing -2.46% at the moment leaves the stock 57.08% off its SMA200. DKS registered 44.15% gain for a year compared to 6-month gain of 85.28%. The firm has a 50-day simple moving average (SMA 50) of $1.58 and a 200-day simple moving average (SMA200) of $11.89.
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The stock witnessed a 26.69% loss in the last 1 month and extending the period to 3 months gives it a 49.61%, and is 16.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.73% over the week and 2.49% over the month.
Dicks Sporting Goods, Inc. (DKS) has around 52800 employees, a market worth around $17.29B and $12.98B in sales. Current P/E ratio is 17.38 and Fwd P/E is 14.76. Profit margin for the company is 8.06%. Distance from 52-week low is 109.43% and -5.13% from its 52-week high. The company has generated returns on investments over the last 12 months (16.38%).
Dicks Sporting Goods, Inc. quarterly earnings per share for the current quarter are estimated at $3.06 with sales reaching $2.9B over the same period.The EPS is expected to grow by 2.49% this year, but quarterly earnings will post 0.90% year-over-year.
Dicks Sporting Goods, Inc. (DKS) Top Institutional Holders
790 institutions hold shares in Dicks Sporting Goods, Inc. (DKS), with institutional investors hold 105.01% of the company’s shares. The shares outstanding are 58.55M, and float is at 56.03M with Short Float at 10.88%. Institutions hold 100.89% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 9.4 million shares valued at $1.24 billion. The investor’s holdings represent 15.29% of the DKS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.48 million shares valued at $856.43 million to account for 10.54% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.75 million shares representing 9.35% and valued at over $759.57 million, while Lone Pine Capital Llc holds 5.32% of the shares totaling 3.27 million with a market value of $431.78 million.
Dicks Sporting Goods, Inc. (DKS) Insider Activity
The most recent transaction is an insider sale by SCHORR LAWRENCE J,the company’sDirector. SEC filings show that SCHORR LAWRENCE J sold 3,174 shares of the company’s common stock on Dec 18 ’23 at a price of $143.12 per share for a total of $0.45 million. Following the sale, the insider now owns 57518.0 shares.
Dicks Sporting Goods, Inc. disclosed in a document filed with the SEC on Dec 14 ’23 that Rak Vladimir (EVP, Chief Technology Officer) sold a total of 22,011 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $144.03 per share for $3.17 million. Following the transaction, the insider now directly holds 36036.0 shares of the DKS stock.
Still, SEC filings show that on Dec 01 ’23, Lodge-Jarrett Julie (SVP, Chf People & Purpose Ofcr) disposed off 6,540 shares at an average price of $135.00 for $0.88 million. The insider now directly holds 19,172 shares of Dicks Sporting Goods, Inc. (DKS).
