Analyst Expects Dicks Sporting Goods, Inc. (NYSE: DKS) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed DICK’S Sporting Goods Becomes Official Sporting Goods Retailer of Notre Dame Athletics in Multi-Year Partnership.

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Stocks Info

As a NYSE listed company, DKS falls under the Consumer Cyclical sector while operating within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $141.86 and fluctuated between $142.26 as its day high and $139.75 as its day low. The current market capitalization of Dicks Sporting Goods, Inc. is $11.60B. A total of 0.69 million shares were traded on the day, compared to an average of 1.35M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DKS has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 700 shares. Over the last 12 months, there were 32 BUYs and 20 SELLs from insiders. Insiders purchased 378,552 shares during that period but sold 526,512.

In the most recent transaction, SCHORR LAWRENCE J sold 3,174 shares of DKS for 143.12 per share on Dec 18. After the transaction, the Director now owns 57,518 company shares. In a previous transaction on Dec 14, Rak Vladimir sold 22,011 shares at 144.03 per share. DKS shares that EVP, Chief Technology Officer owns now total 36,036.

Among the insiders who sold shares, Lodge-Jarrett Julie disposed of 6,540 shares on Dec 01 at a per-share price of $135.00. This resulted in the SVP, Chf People & Purpose Ofcr holding 19,172 shares of DKS after the transaction. In another insider transaction, Fitzgerald Larry Jr. bought 783 shares at $127.97 per share on Nov 29. Company shares held by the Director now total 10,484.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Dicks Sporting Goods, Inc. pays an annual dividend of $4.04, resulting in a dividend yield of 2.85%, and it has a price to earnings (P/E) ratio of 12.66. DKS’s most recent ex-dividend date was 12/14/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The DKS stock dividend was $1.00 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DKS in the last 3 months, the mean price target is $147.45 with high estimates of $200.00 and low estimates of $120.00. In terms of 52-week highs and lows, DKS has a high of $152.61 and a low of $100.98.

As of this writing, DKS has an earnings estimate of $3.32 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $3.48 per share and a lower estimate of $3.18. The company reported an EPS of $2.82 in the last quarter, which was -26.00% lower than expectations of $3.81.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DKS’s latest balance sheet shows that the firm has $2.64B in Cash & Short Term Investments as of fiscal 2022. There were $4.51B in debt and $2.71B in liabilities at the time. Its Book Value Per Share was $29.68, while its Total Shareholder’s Equity was $2.10B.

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, 0 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 Buy with a score of 3.85.

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