Tuesday, November 24, 2020

DICK’S Sporting Goods Inc. [DKS] Stock trading around $38.02 per share: What’s Next?

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DICK’S Sporting Goods Inc. [NYSE: DKS] price plunged by -3.08 percent to reach at -$1.21. A sum of 1813273 shares traded at recent session while its average daily volume was at 3.57M shares. DICK’S Sporting Goods Inc. shares reached a high of $39.34 and dropped to a low of $37.74 until finishing in the latest session at $38.02.

The one-year DKS stock forecast points to a potential upside of 6.38. The average equity rating for DKS stock is currently 2.70, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on DICK’S Sporting Goods Inc. [DKS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DKS shares is $40.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DKS stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for DICK’S Sporting Goods Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 09, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $43 to $49. The new note on the price target was released on June 03, 2020, representing the official price target for DICK’S Sporting Goods Inc. stock. Previously, the target price had yet another raise from $30 to $43, while Telsey Advisory Group kept a Outperform rating on DKS stock. On March 26, 2020, analysts decreased their price target for DKS shares from 47 to 35.

The Average True Range (ATR) for DICK’S Sporting Goods Inc. is set at 1.97, with the Price to Sales ratio for DKS stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 17.31. Price to Free Cash Flow for DKS in the course of the last twelve months was 10.92 with Quick ratio for the last quarter at 0.90.

DKS Stock Performance Analysis:

DICK’S Sporting Goods Inc. [DKS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.48. With this latest performance, DKS shares gained by 27.24% in over the last four-week period, additionally sinking by -20.11% over the last 6 months – not to mention a rise of 9.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DKS stock in for the last two-week period is set at 67.19, with the RSI for the last a single of trading hit 65.78, and the three-weeks RSI is set at 63.24 for DICK’S Sporting Goods Inc. [DKS]. The present Moving Average for the last 50 days of trading for this stock 29.16, while it was recorded at 38.38 for the last single week of trading, and 37.34 for the last 200 days.

Insight into DICK’S Sporting Goods Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and DICK’S Sporting Goods Inc. [DKS] shares currently have an operating margin of +5.11 and a Gross Margin at +29.34. DICK’S Sporting Goods Inc.’s Net Margin is presently recorded at +3.40.

Return on Total Capital for DKS is now 13.17, given the latest momentum, and Return on Invested Capital for the company is 9.34. Return on Equity for this stock inclined to 16.36, with Return on Assets sitting at 5.50. When it comes to the capital structure of this company, DICK’S Sporting Goods Inc. [DKS] has a Total Debt to Total Equity ratio set at 179.05. Additionally, DKS Total Debt to Total Capital is recorded at 64.16, with Total Debt to Total Assets ending up at 46.77. Long-Term Debt to Equity for the company is recorded at 154.62, with the Long-Term Debt to Total Capital now at 55.41.

Reflecting on the efficiency of the workforce at the company, DICK’S Sporting Goods Inc. [DKS] managed to generate an average of $7,151 per employee. Receivables Turnover for the company is 169.85 with a Total Asset Turnover recorded at a value of 1.62.DICK’S Sporting Goods Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 2.00.

DKS Stock EPS

With the latest financial reports released by the company, DICK’S Sporting Goods Inc. posted 1.26/share EPS, while the average EPS was predicted by analysts to be reported at 1.21/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DKS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DICK’S Sporting Goods Inc. go to 7.50%.

DICK’S Sporting Goods Inc. [DKS] Insider Position Details

There are presently around $2,434 million, or 97.40% of DKS stock, in the hands of institutional investors. The top three institutional holders of DKS stocks are: BLACKROCK INC. with ownership of 5,951,170, which is approximately -2.953% of the company’s market cap and around 14.40% of the total institutional ownership; VANGUARD GROUP INC, holding 5,715,140 shares of the stock with an approximate value of $224.21 million in DKS stocks shares; and HS MANAGEMENT PARTNERS, LLC, currently with $167.88 million in DKS stock with ownership of nearly 41.382% of the company’s market capitalization.

119 institutional holders increased their position in DICK’S Sporting Goods Inc. [NYSE:DKS] by around 7,750,093 shares. Additionally, 206 investors decreased positions by around 16,895,918 shares, while 54 investors held positions by with 37,389,635 shares. The mentioned changes placed institutional holdings at 62,035,646 shares, according to the latest SEC report filing. DKS stock had 38 new institutional investments in for a total of 1,561,564 shares, while 93 institutional investors sold positions of 7,235,174 shares during the same period.

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