Telsey Advisory Group has recently reiterated DICK’S Sporting Goods Inc (DKS) stock to Outperform rating, as announced on August 30, 2024, according to Finviz. Earlier, on May 30, 2024, Telsey Advisory Group had reiterated the stock to Outperform, setting a price target of $255 for DKS stock. BofA Securities also raised Buy rating with a price target of $240. Additionally, Jefferies initiated Hold rating on April 12, 2024, with a target price of $211. Gordon Haskett analysts, in their report published on April 8, 2024, also reiterated Buy rating and set a price target of $190 for DICK’S Sporting Goods Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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DICK’S Sporting Goods Inc (DKS) Stock Trading Recap
On Tuesday, DICK’S Sporting Goods Inc (DKS) stock saw a decline, ending the day at $205.4 which represents a decrease of $-3.30 or -1.58% from the prior close of $208.7. The stock opened at $205.77 and touched a low of $202.7 during the day, reaching a high of $207.67. The volume of shares traded was 0.80 million falling short of the average volume of 1.04 million.
DKS Stock Performance and Moving Averages
In recent trading, DICK’S Sporting Goods Inc (DKS) stock price has shown some volatility, fluctuating -5.32% over the last five trades and -13.32% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -5.35%, and it has gained 3.63% in the previous three months. Currently, DKS is trading at -3.90%, -4.52%, and 5.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DKS, a Consumer Cyclical sector stock, is trading -14.17% below its 52-week high but remains 103.41% above its 52-week low. The Average True Range (ATR) (14 days) of 6.81 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
DICK’S Sporting Goods Inc’s Profitability and Valuation Ratios
DICK’S Sporting Goods Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 11.52% and a profit margin of 8.46%, with a gross margin of -5.35%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, DICK’S Sporting Goods Inc’s market capitalization stands at $16.72 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.07, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.89. Additionally, the Price-to-Sales Ratio is 1.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.65, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 31.59% of DICK’S Sporting Goods Inc (DKS)’s shares, while financial institutions hold 65.32%.
Notable insider trades include Ralls-Morrison Desiree, Director at DICK’S Sporting Goods Inc (DKS), who sold 3489 shares on Jul 11 ’24, at $206.65 each, totaling $0.72 million. On May 30 ’24, Lodge-Jarrett Julie, EVP, Chf People & Purpose Ofcr, sold 4910 shares for $222.02 each, amounting to $1.09 million. Additionally, on May 30 ’24, Rak Vladimir sold 18992 shares at $221.22 each, generating $4.20 million.
