While Dicks Sporting Goods, Inc. has underperformed by -1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DKS rose by 41.85%, with highs and lows ranging from $225.79 to $100.98, whereas the simple moving average jumped by 48.85% in the last 200 days.
On March 11, 2024, Telsey Advisory Group Reiterated Dicks Sporting Goods, Inc. (NYSE: DKS) to Outperform. A report published by Telsey Advisory Group on November 22, 2023, Reiterated its previous ‘Outperform’ rating for DKS. Truist also rated DKS shares as ‘Buy’, setting a target price of $134 on the company’s shares in an initiating report dated November 17, 2023. Telsey Advisory Group Reiterated the rating as Outperform on August 23, 2023, but set its price target from $160 to $140. Oppenheimer resumed its ‘Outperform’ rating for DKS, as published in its report on August 23, 2023. Wedbush’s report from August 23, 2023 suggests a price prediction of $115 for DKS shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Dicks Sporting Goods, Inc. (DKS)
DKS currently pays a dividend of $4.10 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 7.77%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Dicks Sporting Goods, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 40.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.25M can be a very valuable indicator of volatility for DKS stock. On a monthly basis, the volatility of the stock is set at 2.79%, whereas on a weekly basis, it is put at 2.23%, with a loss of -6.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $230.47, showing growth from the present price of $208.76, which can serve as yet another indication of whether DKS is worth investing in or should be passed over.
How Do You Analyze Dicks Sporting Goods, Inc. Shares?
The USA based company Dicks Sporting Goods, Inc. (DKS) is one of the biggest names in Specialty Retail. When comparing Dicks Sporting Goods, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.16, there is a growth in quarterly earnings of 36.96%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.62%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DKS shares are owned by institutional investors to the tune of 71.41% at present.
