A share price of Dicks Sporting Goods, Inc. [DKS] is currently trading at $205.48, down -0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The DKS shares have gain 4.34% over the last week, with a monthly amount drifted -6.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dicks Sporting Goods, Inc. [NYSE: DKS] stock has seen the most recent analyst activity on April 12, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $211. Previously, Gordon Haskett reaffirmed its Buy rating on April 08, 2024, and elevated its price target to $260. On March 11, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $195 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $145 on November 22, 2023. Truist initiated its recommendation with a Buy and recommended $134 as its price target on November 17, 2023. Telsey Advisory Group reiterated a Outperform rating for this stock on August 23, 2023, and downed its price target to $140. In a note dated August 23, 2023, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $175 to $145.
Dicks Sporting Goods, Inc. experienced fluctuations in its stock price throughout the past year between $100.98 and $225.79. Currently, Wall Street analysts expect the stock to reach $185.94 within the next 12 months. Dicks Sporting Goods, Inc. [NYSE: DKS] shares were valued at $205.48 at the most recent close of the market. An investor can expect a potential drop of -9.51% based on the average DKS price forecast.
Analyzing the DKS fundamentals
Trailing Twelve Months sales for Dicks Sporting Goods, Inc. [NYSE:DKS] were 12.98B which represents 7.77% growth. 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 0.1, Equity is 0.41 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 203.48 points at the first support level, and at 201.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.45, and for the 2nd resistance point, it is at 209.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Dicks Sporting Goods, Inc. [NYSE:DKS] is 1.78. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 6.31 and price to earnings (TTM) ratio is 16.89.
Transactions by insiders
Recent insider trading involved Gupta Navdeep, EVP, Chief Financial Officer, that happened on Mar 22 ’24 when 16211.0 shares were sold. SVP, General Counsel, Baran Elizabeth H. completed a deal on Mar 22 ’24 to sell 2175.0 shares. Meanwhile, Executive Chairman STACK EDWARD W sold 0.15 million shares on Mar 21 ’24.
