An analyst sees good growth prospects for Dicks Sporting Goods, Inc. (DKS)

With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $160.11 whereas the lowest price it dropped to was $156.65. The 52-week range on DKS shows that it touched its highest point at $158.60 and its lowest point at $100.98 during that stretch. It currently has a 1-year price target of $150.70. With its current market cap of 13.08 billion, DKS has annualized dividend of $4.04 while the current yield stands at 2.53%. Beta for the stock currently stands at 1.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DKS was up-trending over the past week, with a rise of 4.84%, but this was up by 13.43% over a month. Three-month performance surged to 40.39% while six-month performance rose 10.09%. The stock gained 19.10% in the past year, while it has gained 8.86% so far this year. A look at the trailing 12-month EPS for DKS yields 11.20 with Next year EPS estimates of 12.83. For the next quarter, that number is 3.32. This implies an EPS growth rate of 2.99% for this year and 3.44% for next year. EPS is expected to grow by 6.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.07%.

Float and Shares Shorts:

At present, 58.55 million DKS shares are outstanding with a float of 57.17 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.14 million, which was 7.51% higher than short shares on Dec 14, 2023. In addition to DIS as the firm’s Walt Disney Company (The), JKS serves as its JinkoSolar Holding Company Limi.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DKS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DKS analysts setting a high price target of $200.00 and a low target of $120.00, the average target price over the next 12 months is $151.70. Based on these targets, DKS could surge 25.02% to reach the target high and fall by -24.99% to reach the target low. Reaching the average price target will result in a decline of -5.17% from current levels.

Summary of Insider Activity:

Insiders traded DKS stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 700 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 378,552 while 526,512 shares were sold.