Market Analysts see DICK’S Sporting Goods Inc. [DKS] gaining to $125. Time to buy?

DICK’S Sporting Goods Inc. [NYSE: DKS] jumped around 0.77 points on Tuesday, while shares priced at $111.14 at the close of the session, up 0.70%. The company report on August 23, 2022 that DICK’S Sporting Goods Reports Second Quarter Results; Raises Full Year Guidance.


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Comparable store sales declined 5.1%.

Net sales of $3.1 billion increased 38% versus the second quarter of 2019.

DICK’S Sporting Goods Inc. stock is now -3.35% down from its year-to-date (YTD) trading value. DKS Stock saw the intraday high of $115.49 and lowest of $108.68 per share. The company’s 52-week high price is 142.78, which means current price is +75.16% above from all time high which was touched on 01/26/22.

Compared to the average trading volume of 2.41M shares, DKS reached a trading volume of 5544204 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $108.47 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 August 19, 2022. The new note on the price target was released on May 26, 2022, representing the official price target for DICK’S Sporting Goods Inc. stock. Previously, the target price had yet another raise to $161, while Truist analysts kept a Buy rating on DKS stock.

The Average True Range (ATR) for DICK’S Sporting Goods Inc. is set at 3.83, with the Price to Sales ratio for DKS stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 3.86, with the Price to Cash per share for the same quarter was set at 27.60. Price to Free Cash Flow for DKS in the course of the last twelve months was 20.62 with Quick ratio for the last quarter at 0.90.

How has DKS stock performed recently?

DICK’S Sporting Goods Inc. [DKS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.52. With this latest performance, DKS shares gained by 18.90% in over the last four-week period, additionally plugging by 10.92% over the last 6 months – not to mention a rise of 3.66% 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 70.47, with the RSI for the last a single of trading hit 71.51, and the three-weeks RSI is set at 67.62 for DICK’S Sporting Goods Inc. [DKS]. The present Moving Average for the last 50 days of trading for this stock 90.54, while it was recorded at 111.46 for the last single week of trading, and 102.45 for the last 200 days.

DICK’S Sporting Goods Inc. [DKS]: Deeper insight into the 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 +16.78 and a Gross Margin at +38.33. DICK’S Sporting Goods Inc.’s Net Margin is presently recorded at +12.36.

Return on Equity for this stock inclined to 68.45, with Return on Assets sitting at 18.10.

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 1.90.

Earnings analysis for DICK’S Sporting Goods Inc. [DKS]

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 -7.90%.

Insider trade positions for DICK’S Sporting Goods Inc. [DKS]

There are presently around $6,915 million, in the hands of institutional investors. The top three institutional holders of DKS stocks are: FMR LLC with ownership of 7,710,393, which is approximately -18.423% of the company’s market cap and around 40.60% of the total institutional ownership; BLACKROCK INC., holding 5,671,086 shares of the stock with an approximate value of $630.28 million in DKS stocks shares; and VANGUARD GROUP INC, currently with $563.71 million in DKS stock with ownership of nearly -4.364% of the company’s market capitalization.

Positions in DICK’S Sporting Goods Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 202 institutional holders increased their position in DICK’S Sporting Goods Inc. [NYSE:DKS] by around 9,782,007 shares. Additionally, 312 investors decreased positions by around 9,916,655 shares, while 70 investors held positions by with 42,521,854 shares. The mentioned changes placed institutional holdings at 62,220,516 shares, according to the latest SEC report filing. DKS stock had 67 new institutional investments in for a total of 1,369,573 shares, while 121 institutional investors sold positions of 2,410,502 shares during the same period.

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