While Dicks Sporting Goods, Inc. has overperformed by 0.95%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DKS rose by 104.46%, with highs and lows ranging from $239.30 to $100.98, whereas the simple moving average jumped by 12.13% in the last 200 days.
On August 30, 2024, Telsey Advisory Group Reiterated Dicks Sporting Goods, Inc. (NYSE: DKS) to Outperform. A report published by Telsey Advisory Group on May 30, 2024, Reiterated its previous ‘Outperform’ rating for DKS. BofA Securities also Upgraded DKS shares as ‘Buy’, setting a target price of $240 on the company’s shares in a report dated May 29, 2024. Jefferies Initiated an Hold rating on April 12, 2024, and assigned a price target of $211. Gordon Haskett resumed its ‘Buy’ rating for DKS, as published in its report on April 08, 2024. Telsey Advisory Group’s report from March 11, 2024 suggests a price prediction of $195 for DKS shares, giving the stock a ‘Outperform’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
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Analysis of Dicks Sporting Goods, Inc. (DKS)
A return on investment can be expected regardless of DKS’s performance over the next quarter with the dividend set at $4.30 per share. Further, the quarter-over-quarter increase in sales is 7.75%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Dicks Sporting Goods, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 40.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.69, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and DKS is recording an average volume of 1.03M. On a monthly basis, the volatility of the stock is set at 2.89%, whereas on a weekly basis, it is put at 2.50%, with a gain of 0.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $245.64, showing growth from the present price of $217.22, 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?
A leading company in the Specialty Retail sector, Dicks Sporting Goods, Inc. (DKS) is based in the USA. 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 15.94, there is a growth in quarterly earnings of 55.36%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 31.59%. 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 65.32% 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 65.32% at present.
