Dicks Sporting Goods, Inc. (NYSE: DKS)’s stock price has plunge by 0.50relation to previous closing price of 206.41. Nevertheless, the company has seen a -0.63% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Dicks Sporting Goods, Inc. (NYSE: DKS) Right Now?
The price-to-earnings ratio for Dicks Sporting Goods, Inc. (NYSE: DKS) is above average at 17.05x, Company’s 36-month beta value is 1.61.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 26 as “hold,” and 1 as “sell.”
The public float for DKS is 56.60M, and currently, short sellers hold a 10.74% ratio of that floaft. The average trading volume of DKS on April 12, 2024 was 1.26M shares.
DKS’s Market Performance
DKS stock saw an increase of -0.63% in the past week, with a monthly gain of 13.82% and a quarterly increase of 47.81%. The volatility ratio for the week is 2.05%, and the volatility levels for the last 30 days are 2.61% for Dicks Sporting Goods, Inc. (DKS). The simple moving average for the past 20 days is -3.15% for DKS’s stock, with a 46.03% simple moving average for the past 200 days.
Analysts’ Opinion of DKS
Many brokerage firms have already submitted their reports for DKS stocks, with Gordon Haskett repeating the rating for DKS by listing it as a “Buy.” The predicted price for DKS in the upcoming period, according to Gordon Haskett is $260 based on the research report published on April 08, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see DKS reach a price target of $195, previously predicting the price at $160. The rating they have provided for DKS stocks is “Outperform” according to the report published on March 11th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to DKS, setting the target price at $145 in the report published on November 22nd of the previous year.
DKS Trading at 10.84% from the 50-Day Moving Average
After a stumble in the market that brought DKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.13% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares surge +10.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.51% upper at present.
During the last 5 trading sessions, DKS fell by -0.63%, which changed the moving average for the period of 200-days by +52.95% in comparison to the 20-day moving average, which settled at $215.17. In addition, Dicks Sporting Goods, Inc. saw 41.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DKS starting from Gupta Navdeep, who sale 16,211 shares at the price of $222.00 back on Mar 22 ’24. After this action, Gupta Navdeep now owns 87,628 shares of Dicks Sporting Goods, Inc., valued at $3,598,891 using the latest closing price.
Baran Elizabeth H., the SVP, General Counsel of Dicks Sporting Goods, Inc., sale 2,175 shares at $221.78 during a trade that took place back on Mar 22 ’24, which means that Baran Elizabeth H. is holding 11,051 shares at $482,372 based on the most recent closing price.
Stock Fundamentals for DKS
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for Dicks Sporting Goods, Inc. stands at 0.08. The total capital return value is set at 0.17. Equity return is now at value 40.71, with 10.48 for asset returns.
Based on Dicks Sporting Goods, Inc. (DKS), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 22.16.
Currently, EBITDA for the company is 1.77 billion with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 109.13for trailing twelve months and the total asset turnover is 1.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In a nutshell, Dicks Sporting Goods, Inc. (DKS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
