In the latest trading session, 3.04 million Dicks Sporting Goods, Inc. (NYSE:DKS) shares changed hands as the company’s beta touched 1.49. With the company’s most recent per share price at $126.30 changing hands around $7.29 or 6.13% at last look, the market valuation stands at $10.74B. DKS’s current price is a discount, trading about -20.83% off its 52-week high of $152.61. The share price had its 52-week low at $100.98, which suggests the last value was 20.05% up since then. When we look at Dicks Sporting Goods, Inc.’s average trading volume, we note the 10-day average is 1.39 million shares, with the 3-month average coming to 1.87 million.
Analysts gave the Dicks Sporting Goods, Inc. (DKS) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.25. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 15 recommended DKS as a Hold, 10 felt it is a Buy and 1 rated the stock as Underweight. Dicks Sporting Goods, Inc.’s EPS for the current quarter is expected to be $2.45.
Dicks Sporting Goods, Inc. (NYSE:DKS) trade information
Instantly DKS is in green as seen in intraday trades today. With action 10.86%, the performance over the past five days has been green. The jump to weekly highs of 133.82 on Monday, 11/20/23 added 6.13% to the stock’s daily price. The company’s shares are showing year-to-date upside of 5.00%, with the 5-day performance at 10.86% in the green. However, in the 30-day time frame, Dicks Sporting Goods, Inc. (NYSE:DKS) is 19.22% up. Looking at the short shares, we see there were 5.81 million shares sold at short interest cover period of 4.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is $132.33, meaning bulls need an upside of 4.56% from its recent market value. According to analyst projections, DKS’s forecast low is $106.00 with $200.00 as the target high. To hit the forecast high, the stock’s price needs a -58.35% plunge from its current level, while the stock would need to tank 16.07% for it to hit the projected low.
Dicks Sporting Goods, Inc. (DKS) estimates and forecasts
Data shows that the Dicks Sporting Goods, Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.38% over the past 6 months, a -2.08% in annual growth rate that is considerably lower than the industry average of 3.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Dicks Sporting Goods, Inc. will fall -5.80%, while the growth in revenue is estimated to hit 5.50% for the next quarter. Year-over-year growth is forecast to reach 3.40% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of $2.94 billion. 22 analysts are of the opinion that Dicks Sporting Goods, Inc.’s revenue for the quarter ending Jan 2024 will be $3.78 billion. The estimates for the next quarter sales put growth at 5.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.07%. The 2023 estimates are for Dicks Sporting Goods, Inc. earnings to decrease by -2.15%, but the outlook for the next 5-year period is at 5.00% per year.
Dicks Sporting Goods, Inc. is expected to release its next quarterly earnings report on November 21. The 3.12% annual yield figure for the share gives it an annual dividend of 3.94. It is important to note, however, that the 3.12% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Dicks Sporting Goods, Inc. (NYSE:DKS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.42% of Dicks Sporting Goods, Inc. shares while 97.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.02%. There are 97.56% institutions holding the Dicks Sporting Goods, Inc. stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2023, the company held 15.29% of the shares, roughly 9.4 million DKS shares worth $1.24 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.54% or 6.48 million shares worth $856.43 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Midcap ETF and Fidelity Contrafund Inc. With 1.96 million shares estimated at $212.79 million under it, the former controlled 3.19% of total outstanding shares. On the other hand, Fidelity Contrafund Inc held about 3.14% of the shares, roughly 1.93 million shares worth around $224.21 million.