DICK’S Sporting Goods Inc. (NYSE: DKS)’s Stock Is Up 16.03%, A Prediction For What Could Come Next – Marketing Sentinel
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DICK’S Sporting Goods Inc. (NYSE: DKS)’s Stock Is Up 16.03%, A Prediction For What Could Come Next

During the last session, DICK’S Sporting Goods Inc. (NYSE:DKS)’s traded shares were 1.23 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $75.56, reflecting an intraday gain of 0.35% or $0.26. The 52-week high for the DKS share is $142.78, that puts it down -88.96 from that peak though still a striking 16.03% gain since the share price plummeted to a 52-week low of $63.45. The company’s market capitalization is $5.91B, and the average intraday trading volume over the past 10 days was 1.81 million shares, and the average trade volume was 2.55 million shares over the past three months.

DICK’S Sporting Goods Inc. (DKS) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. DKS has a Sell rating from 0 analyst(s) out of 26 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.46.

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DICK’S Sporting Goods Inc. (NYSE:DKS) trade information

DICK’S Sporting Goods Inc. (DKS) registered a 0.35% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.35% in intraday trading to $75.56 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 2.05%, and it has moved by -2.53% in 30 days. Based on these gigs, the overall price performance for the year is -18.78%. The short interest in DICK’S Sporting Goods Inc. (NYSE:DKS) is 12.5 million shares and it means that shorts have 8.72 day(s) to cover.

The consensus price target of analysts on Wall Street is $105.00, which implies an increase of 28.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $75.00 and $132.00 respectively. As a result, DKS is trading at a discount of -74.7% off the target high and 0.74% off the low.

DICK’S Sporting Goods Inc. (DKS) estimates and forecasts

Statistics show that DICK’S Sporting Goods Inc. has underperformed its competitors in share price, compared to the industry in which it operates. DICK’S Sporting Goods Inc. (DKS) shares have gone down -25.38% during the last six months, with a year-to-date growth rate less than the industry average at -30.45% against 5.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -35.10% this quarter and then drop -19.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $2.62 billion as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $3.17 billion by the end of Jul 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.20%. While earnings are projected to return 142.30% in 2022, the next five years will return -7.90% per annum.

DKS Dividends

DICK’S Sporting Goods Inc. is due to release its next quarterly earnings between March 07 and March 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for DICK’S Sporting Goods Inc. is 1.95, with the dividend yield indicating at 2.58 percent, continuing the trend of increasing dividends in recent years.

DICK’S Sporting Goods Inc. (NYSE:DKS)’s Major holders

DICK’S Sporting Goods Inc. insiders own 4.54% of total outstanding shares while institutional holders control 115.77%, with the float percentage being 121.27%. FMR, LLC is the largest shareholder of the company, while 691 institutions own stock in it. As of Dec 30, 2021, the company held over 9.25 million shares (or 15.94% of all shares), a total value of $1.06 billion in shares.

The next largest institutional holding, with 5.86 million shares, is of Blackrock Inc.’s that is approximately 10.09% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $585.8 million.

Also, the Mutual Funds coming in first place with the largest holdings of DICK’S Sporting Goods Inc. (DKS) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2022 indicates that iShares Core S&P Midcap ETF owns about 1.8 million shares. This amounts to just over 3.10 percent of the company’s overall shares, with a $207.8 million market value. The same data shows that the other fund manager holds slightly less at 1.61 million, or about 2.77% of the stock, which is worth about $185.07 million.

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