Dicks Sporting Goods, Inc. [DKS] stock prices are down -2.46% to $211.48 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DKS shares have gain 16.77% over the last week, with a monthly amount glided 26.69%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 14, March 2024, DICK’S Sporting Goods Reports Fourth Quarter and Full Year 2023 Results; Delivers Largest Sales Quarter in Company History. In a post published today on Yahoo Finance, – Delivers 2.8% Fourth Quarter Comparable Store Sales Growth – – Guides to Growth in Sales and Profitability in 2024 –.
From an analyst’s perspective:
Dicks Sporting Goods, Inc. [NYSE: DKS] stock has seen the most recent analyst activity on March 11, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $195 from $160. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 22, 2023, and elevated its price target to $145. On November 17, 2023, Truist initiated with a Buy rating and assigned a price target of $134 on the stock. Telsey Advisory Group reiterated its Outperform rating and decreased its price target to $140 on August 23, 2023. Oppenheimer reiterated its recommendation of a Outperform and reduced its price target to $145 on August 23, 2023. Wedbush downgraded its rating to Neutral for this stock on August 23, 2023, and downed its price target to $115. In a note dated August 23, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $180 to $125.
The stock price of Dicks Sporting Goods, Inc. [DKS] has been fluctuating between $100.98 and $222.92 over the past year. Currently, Wall Street analysts expect the stock to reach $153.57 within the next 12 months. Dicks Sporting Goods, Inc. [NYSE: DKS] shares were valued at $211.48 at the most recent close of the market. An investor can expect a potential drop of -27.38% based on the average DKS price forecast.
Analyzing the DKS fundamentals
The Dicks Sporting Goods, Inc. [NYSE:DKS] reported sales of 12.98B for trailing twelve months, representing a surge of 7.77%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.41 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 208.25 points at the first support level, and at 205.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.35, and for the 2nd resistance point, it is at 221.21.
Dicks Sporting Goods, Inc. [DKS] reported earnings per share of $3.85 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.35/share, meaning a difference of $0.5 and a surprise factor of 14.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.85 per share as compared to estimates of $2.44 per share, a difference of $0.41 representing a surprise of 16.80%.
Ratios To Look Out For
It’s worth pointing out that Dicks Sporting Goods, Inc. [NYSE:DKS]’s Current Ratio is 1.78. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.65. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 7.12 and price to earnings (TTM) ratio is 17.38.
Transactions by insiders
Recent insider trading involved SCHORR LAWRENCE J, Director, that happened on Dec 18 ’23 when 3174.0 shares were sold. EVP, Chief Technology Officer, Rak Vladimir completed a deal on Dec 14 ’23 to sell 22011.0 shares. Meanwhile, SVP, Chf People & Purpose Ofcr Lodge-Jarrett Julie sold 6540.0 shares on Dec 01 ’23.
