This is why Dicks Sporting Goods, Inc. (DKS) Stock is one of the options for the Longer run

A share price of Dicks Sporting Goods, Inc. [DKS] is currently trading at $213.40, down -2.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The DKS shares have gain 4.15% over the last week, with a monthly amount glided 0.41%, and 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 August 30, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $260 from $255. Previously, Telsey Advisory Group reaffirmed its Outperform rating on May 30, 2024, and elevated its price target to $255. On May 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $240 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $211 on April 12, 2024. Gordon Haskett reiterated its recommendation of a Buy and raised its price target to $260 on April 08, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on March 11, 2024, and upped its price target to $195. In a note dated November 22, 2023, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $140 to $145.

Dicks Sporting Goods, Inc. experienced fluctuations in its stock price throughout the past year between $100.98 and $239.30. Currently, Wall Street analysts expect the stock to reach $225.9 within the next 12 months. Dicks Sporting Goods, Inc. [NYSE: DKS] shares were valued at $213.40 at the most recent close of the market. An investor can expect a potential return of 5.86% based on the average DKS price forecast.

Analyzing the DKS fundamentals

Trailing Twelve Months sales for Dicks Sporting Goods, Inc. [NYSE:DKS] were 13.41B which represents 7.75% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, 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 0.43 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.

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 210.32 points at the first support level, and at 207.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 217.30, and for the 2nd resistance point, it is at 221.21.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dicks Sporting Goods, Inc. [NYSE:DKS] is 1.77. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 5.87 and price to earnings (TTM) ratio is 15.66.

Transactions by insiders

Recent insider trading involved Ralls-Morrison Desiree, Director, that happened on Jul 11 ’24 when 3489.0 shares were sold. Director, COLOMBO WILLIAM J completed a deal on Jun 11 ’24 to sell 1.0 shares. Meanwhile, EVP, Chf People & Purpose Ofcr Lodge-Jarrett Julie sold 4910.0 shares on May 30 ’24.

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