DICK’S Sporting Goods Inc. (NYSE:DKS) has a beta of 1.71, a 12-month trailing P/E ratio of 9.22, and a growth ratio of 0.62. The stock’s Relative Strength Index (RSI) is 68.06, with weekly volatility at 4.75% and ATR at 3.80. The DKS stock’s 52-week price range has touched low of $33.91 and a $101.30 high. Its shares traded lower over the last trading session, losing -1.25% on 05/28/21. The shares fell to a low of $96.35 before closing at $97.53. Intraday shares traded counted 1.77 million, which was 4.76% higher than its 30-day average trading volume of 1.86M. DKS’s previous close was $98.76 while the outstanding shares total 84.75M.
Investors have identified the Specialty Retail company DICK’S Sporting Goods Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.82 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
DICK’S Sporting Goods Inc. (DKS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 4.04 billion total, with 2.59 billion as their total liabilities.
DKS were able to record 376.25 million as free cash flow during the 08/17/2021 quarter of the year, this saw their quarterly net cash flow reduce by 200.67 million. In cash movements, the company had a total of 447.35 million as operating cash flow.
Potential earnings growth for DICK’S Sporting Goods Inc. (DKS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/17/2021 quarter of the year, DICK’S Sporting Goods Inc. recorded a total of 2.92 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 54.32% coming in sequential stages and their sales for the 08/17/2021 quarter reducing by -7.08%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.83 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.09 billion. This allows shareholders to hold on to 84.75M with the recently reported earning now reading 4.27 cents per share. This is a figure that compared to analyst’s prediction for their 08/17/2021 (3.79 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.35 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DKS sounds very interesting.
Is the stock of DKS attractive?
In related news, SVP, General Counsel, Hayes John Edward III sold 6,592 shares of the company’s stock in a transaction that recorded on Mar 22. The sale was performed at an average price of 78.08, for a total value of 514,715. As the sale deal closes, the EVP, Chief Financial Officer, Belitsky Lee J now sold 25,000 shares of the company’s stock, valued at 1,981,250. Also, SVP, General Counsel, Hayes John Edward III sold 11,671 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were price at an average price of 74.88 per share, with a total market value of 873,915. Following this completion of acquisition, the Director, COLOMBO WILLIAM J now holds 15,080 shares of the company’s stock, valued at 1,131,015. In the last 6 months, insiders have changed their ownership in shares of company stock by 33.10%.
13 out of 27 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on DICK’S Sporting Goods Inc.. 3 analysts has assigned a Sell rating on the DKS stock. The 12-month mean consensus price target for the company’s shares has been set at $87.78.