Fidelity Management & Research Co recently announced the acquisition of new stake in DICK’S Sporting Goods Inc. (NYSE:DKS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.51% to 8.06 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 13.00% valued currently at $1.17 billion. In addition, The Vanguard Group, Inc. raised its holdings by 0.36 million to 5.31 million shares. And BlackRock Fund Advisors has lifted its position by 6.21% or 0.28 million shares – to 4.75 million shares.
With over 4.96 million DICK’S Sporting Goods Inc. (DKS) shares trading Tuesday and a closing price of $124.58 on the day, the dollar volume was approximately $618.41 million. The shares have shown a positive half year performance of 14.20% and its price on 05/23/23 lost nearly -1.44%. Currently, there are 81.11M common shares owned by the public and among those 56.63M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for DKS have a consensus price objective of $159.65. The analysts have set the share’s price value over the next 12 months at a high of $200.00 and a low of $138.00. The average price target is 22.48% above its recent price level and an upside to the estimated low will see the stock gain 9.72% over that period. But an upside of 37.71% will see the stock hit the forecast high price target while median target price for the stock is $157.50.
Insiders at the company have transacted a total of 67 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 483,222 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 697,498 shares.
The top 3 mutual fund holders in DICK’S Sporting Goods Inc. are Fidelity Contrafund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Fidelity Contrafund owns 2.4 million shares of the company’s stock, all valued at over $347.31 million. The company sold 11807.0 shares recently to bring their total holdings to about 3.86% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 6672.0 shares to see its total holdings expand to 1.87 million shares valued at over $270.78 million and representing 3.01% of the shares outstanding. Vanguard Total Stock Market ETF bought 11132.0 shares to bring its total holdings to over 1.76 million shares at a value of $254.97 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.83% of the shares outstanding.
Shares of DICK’S Sporting Goods Inc. (NYSE: DKS) opened at $128.70, up $2.3 from a prior closing price of $126.40. However, the script later moved the day high at 130.39, down -1.44%. The company’s stock has a 5-day price change of -5.20% and -3.66% over the past three months. DKS shares are trading 3.57% year to date (YTD), with the 12-month market performance up to 60.71% higher. It has a 12-month low price of $63.45 and touched a high of $152.61 over the same period. DKS has an average intraday trading volume of 1.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.54%, -11.62%, and 1.14% respectively.
Institutional ownership of DICK’S Sporting Goods Inc. (NYSE: DKS) shares accounts for 95.93% of the company’s 81.11M shares outstanding. Mutual fund holders own 53.73%, while other institutional holders and individual stakeholders account for 6.71% and 42.23% respectively.
It has a market capitalization of $11.37B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 11.85, while the earnings-per-share (ttm) stands at $10.51. The company has a PEG of 2.01 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.20% over the week and 2.56% over the month.
Analysts forecast that DICK’S Sporting Goods Inc. (DKS) will achieve an EPS of $3.19 for the current quarter, $3.86 for the next quarter and $13.85 for 2025. The lowest estimate earnings-per-share for the quarter is $2.89 while analysts give the company a high EPS estimate of $3.57. Comparatively, EPS for the current quarter was $2.85 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.20%, and 3.04% over the next financial year. EPS should shrink at an annualized rate of 5.90% over the next five years, compared to 28.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate DICK’S Sporting Goods Inc. (DKS) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 13 of the 27 advise that investors “hold,” and 0 rated it as a “Sell.”
