DICK’S Sporting Goods Inc. [NYSE: DKS] surged by $0.36 during the normal trading session on Thursday and reaching a high of $101.30 during the day while it closed the day at $98.76. The company report on May 26, 2021 that DICK’S Sporting Goods Reports Record Quarterly Earnings in First Quarter 2021; Delivers 115% Increase in Same Store Sales Compared to the First Quarter of 2020 and Raises Full Year Guidance.
– Net sales for the first quarter of 2021 increased 119% compared to the first quarter of 2020 and increased 52% compared to the first quarter of 2019.
– Driven by strong sales and gross margin rate expansion, the Company delivered first quarter 2021 earnings per diluted share of $3.41 and non-GAAP earnings per diluted share of $3.79; this compares to a net loss per share of $1.71 during the first quarter of 2020, a result of last year’s temporary store closures, and earnings per diluted share of $0.61 during the first quarter of 2019.
DICK’S Sporting Goods Inc. stock has also gained 18.13% of its value over the past 7 days. However, DKS stock has inclined by 38.38% in the 3 months of the year. Over the past six months meanwhile, it has gained 67.42% and gained 75.70% year-on date.
The market cap for DKS stock reached $8.85 billion, with 84.75 million shares outstanding and 62.74 million shares in the current float. Compared to the average trading volume of 1.83M shares, DKS reached a trading volume of 3743183 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $85.79 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 2.30. 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.
Telsey Advisory Group 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 May 27, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $80 to $98. The new note on the price target was released on May 24, 2021, representing the official price target for DICK’S Sporting Goods Inc. stock. Previously, the target price had yet another raise to $72, while Credit Suisse analysts kept a Neutral rating on DKS stock.
The Average True Range (ATR) for DICK’S Sporting Goods Inc. is set at 3.85, with the Price to Sales ratio for DKS stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 3.58, with the Price to Cash per share for the same quarter was set at 18.50. Price to Free Cash Flow for DKS in the course of the last twelve months was 6.12 with Quick ratio for the last quarter at 0.70.
DKS stock trade performance evaluation
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 18.13. With this latest performance, DKS shares gained by 19.41% in over the last four-week period, additionally plugging by 67.42% over the last 6 months – not to mention a rise of 182.74% 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 70.95, with the RSI for the last a single of trading hit 75.61, and the three-weeks RSI is set at 67.93 for DICK’S Sporting Goods Inc. [DKS]. The present Moving Average for the last 50 days of trading for this stock 83.49, while it was recorded at 89.96 for the last single week of trading, and 66.51 for the last 200 days.
DICK’S Sporting Goods Inc. [DKS]: An insightful look at the core 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 +9.67 and a Gross Margin at +32.07. DICK’S Sporting Goods Inc.’s Net Margin is presently recorded at +5.53.
Return on Total Capital for DKS is now 17.96, given the latest momentum, and Return on Invested Capital for the company is 11.25. Return on Equity for this stock inclined to 26.05, with Return on Assets sitting at 7.37. 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 134.66. Additionally, DKS Total Debt to Total Capital is recorded at 57.39, with Total Debt to Total Assets ending up at 40.64. Long-Term Debt to Equity for the company is recorded at 114.46, with the Long-Term Debt to Total Capital now at 48.78.
Reflecting on the efficiency of the workforce at the company, DICK’S Sporting Goods Inc. [DKS] managed to generate an average of $10,584 per employee. Receivables Turnover for the company is 161.78 with a Total Asset Turnover recorded at a value of 1.33.DICK’S Sporting Goods Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.50.
Earnings per share (EPS) analysis for DICK’S Sporting Goods Inc. [DKS] stock
With the latest financial reports released by the company, DICK’S Sporting Goods Inc. posted 3.21/share EPS, while the average EPS was predicted by analysts to be reported at 1.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 146.90%. 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 9.24%.
DICK’S Sporting Goods Inc. [DKS]: Insider Ownership positions
There are presently around $7,024 million, in the hands of institutional investors. The top three institutional holders of DKS stocks are: FMR LLC with ownership of 7,048,627, which is approximately 77.766% of the company’s market cap and around 33.10% of the total institutional ownership; BLACKROCK INC., holding 6,439,664 shares of the stock with an approximate value of $633.66 million in DKS stocks shares; and VANGUARD GROUP INC, currently with $533.8 million in DKS stock with ownership of nearly 2.09% of the company’s market capitalization.
Positions in DICK’S Sporting Goods Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 187 institutional holders increased their position in DICK’S Sporting Goods Inc. [NYSE:DKS] by around 11,908,316 shares. Additionally, 224 investors decreased positions by around 12,463,399 shares, while 56 investors held positions by with 47,007,439 shares. The mentioned changes placed institutional holdings at 71,379,154 shares, according to the latest SEC report filing. DKS stock had 72 new institutional investments in for a total of 962,111 shares, while 65 institutional investors sold positions of 2,679,113 shares during the same period.