DICK’S Sporting Goods Inc. (NYSE:DKS) has a beta value of 1.72 and has seen 1,582,376 shares traded in the last trading session. The company, currently valued at $7.68 Billion, closed the last trade at $85.98 per share which meant it gained $3.4 on the day or 4.12% during that session. The DKS stock price is -0.49% off its 52-week high price of $86.4 and 73.48% above the 52-week low of $22.8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.76 Million shares traded. The 3-month trading volume is 1.9 Million shares.
The consensus among analysts is that DICK’S Sporting Goods Inc. (DKS) is an Overweight stock at the moment, with a recommendation rating of 2.4. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 11 out of 26 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.
DICK’S Sporting Goods Inc. (NYSE:DKS) trade information
Sporting 4.12% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the DKS stock price touched $86.40- or saw a rise of 0.49%. Year-to-date, DICK’S Sporting Goods Inc. shares have moved 52.96%, while the 5-day performance has seen it change 2.52%. Over the past 30 days, the shares of DICK’S Sporting Goods Inc. (NYSE:DKS) have changed 8.46%. Short interest in the company has seen 10.63 Million shares shorted with days to cover at 5.59.
Wall Street analysts have a consensus price target for the stock at $78.89, which means that the shares’ value could jump -8.25% from current levels. The projected low price target is $58 while the price target rests at a high of $100. In that case, then, we find that the current price level is +16.31% off the targeted high while a plunge would see the stock lose -32.54% from current levels.
DICK’S Sporting Goods Inc. (DKS) estimates and forecasts
Figures show that DICK’S Sporting Goods Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +53.04% over the past 6 months, with this year growth rate of -18.95%, compared to 14.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 158.5% and -46.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +1.7%.
21 analysts offering their estimates for the company have set an average revenue estimate of $2.13 Billion for the current quarter. 21 have an estimated revenue figure of $2.51 Billion for the next quarter concluding in July 01, 2021. Year-ago sales stood $1.45 Billion for this quarter, and analysts expect sales will grow by 47.2% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +15.1% over the past 5 years. Earnings growth for 2021 is a modest +71.4% while over the next 5 years, the company’s earnings are expected to increase by 9.24%.
DICK’S Sporting Goods Inc. is expected to release its next earnings report between May 31 and June 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.45 at a share yield of 1.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.17%.
DICK’S Sporting Goods Inc. (NYSE:DKS)’s Major holders
Insiders own 4.28% of the company shares, while shares held by institutions stand at 112.18% with a share float percentage of 117.19%. Investors are also buoyed by the number of investors in a company, with DICK’S Sporting Goods Inc. having a total of 545 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 5.38 Million shares worth more than $302.36 Million. As of December 30, 2020, Blackrock Inc. held 22.66% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 5.31 Million shares as of December 30, 2020. The firm’s total holdings are worth over $298.69 Million and represent 22.39% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 7.48% shares in the company for having 1774950 shares of worth $135.16 Million while later fund manager owns 1.67 Million shares of worth $94.03 Million as of December 30, 2020, which makes it owner of about 7.05% of company’s outstanding stock.