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Tuesday, March 21, 2023

DICK’S Sporting Goods Inc. (DKS): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for DICK’S Sporting Goods Inc. (DKS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.41, or 0.28%, to $145.50. The DICK’S Sporting Goods Inc. has recorded 21,950 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that DICK’S Sporting Goods Showcases the Power of Sport in New “Sports Change Lives” Campaign.


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Stocks Info

This NYSE-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $145.09 and fluctuated between $147.55 as its day high and $143.77 as its day low. The current market capitalization of DICK’S Sporting Goods Inc. is $12.36B. A total of 1.96 million shares were traded on the day, compared to an average of 1.36M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DKS has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 20,379 and the disposition of 29,144 shares. Over the last 12 months, there were 45 BUYs and 48 SELLs from insiders. Insiders purchased 594,233 shares during that period but sold 619,703.

In the most recent transaction, Rak Vladimir sold 29,144 shares of DKS for 112.43 per share on Dec 21. After the transaction, the EVP, Chief Technology Officer now owns 48,260 company shares. In a previous transaction on Dec 09, Hayes John Edward III sold 1,000 shares at 120.57 per share. DKS shares that SVP, General Counsel owns now total 26,231.

Among the insiders who sold shares, Lodge-Jarrett Julie disposed of 9,139 shares on Nov 23 at a per-share price of $118.00. This resulted in the SVP, Chf People & Purpose Ofcr holding 41,048 shares of DKS after the transaction. In another insider transaction, Hobart Lauren R sold 10,584 shares at $109.79 per share on Aug 25. Company shares held by the President & CEO now total 316,661.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. DICK’S Sporting Goods Inc. pays an annual dividend of $4.00, resulting in a dividend yield of 2.76%, and it has a price to earnings (P/E) ratio of 13.80. DKS’s most recent ex-dividend date was 3/16/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/8/2022. The DKS stock dividend was $0.4880 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DKS in the last 3 months, the mean price target is $162.20 with high estimates of $200.00 and low estimates of $143.00. In terms of 52-week highs and lows, DKS has a high of $152.61 and a low of $63.45.

As of this writing, DKS has an earnings estimate of $2.89 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $3.29 per share and a lower estimate of $2.57. The company reported an EPS of $3.68 in the last quarter, which was 2.80% higher than expectations of $3.58.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DKS is Sell with a score of 4.00. A total of 11 analysts rated the stock as Buy while 2 rated it as Overweight while 13 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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