While Dicks Sporting Goods, Inc has underperformed by -0.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DKS rose by 59.00%, with highs and lows ranging from $239.30 to $136.92, whereas the simple moving average jumped by 4.87% in the last 200 days.
On November 27, 2024, UBS Upgraded Dicks Sporting Goods, Inc (NYSE: DKS) to Buy. A report published by Telsey Advisory Group on August 30, 2024, Reiterated its previous ‘Outperform’ rating for DKS. Telsey Advisory Group also reiterated DKS shares as ‘Outperform’, quoting a target price of $255 on the company’s shares in a report dated May 30, 2024. Jefferies initiated its ‘Hold’ rating for DKS, as published in its report on April 12, 2024. Gordon Haskett’s report from April 08, 2024 suggests a price prediction of $260 for DKS shares, giving the stock a ‘Buy’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
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Analysis of Dicks Sporting Goods, Inc (DKS)
DKS currently pays a dividend of $4.30 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 0.49%, 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 42.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.56, 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 1.03M can be a very valuable indicator of volatility for DKS stock. On a monthly basis, the volatility of the stock is set at 3.87%, whereas on a weekly basis, it is put at 3.27%, with a gain of 4.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $246.10, showing growth from the present price of $218.86, 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 15.64, there is a growth in quarterly earnings of 15.36%.
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 31.55%. 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 64.89% 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 64.89% at present.
