DICK’S Sporting Goods Sees Unusually High Options Volume (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 13,963 put options on the stock. This represents an increase of approximately 363% compared to the average volume of 3,014 put options.

DICK’S Sporting Goods Trading Up 1.7%

NYSE DKS traded up $3.40 during trading on Thursday, hitting $198.93. The company had a trading volume of 1,703,621 shares, compared to its average volume of 1,177,817. The company’s fifty day moving average is $206.14 and its 200-day moving average is $214.58. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $237.31. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the previous year, the company earned $3.62 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rubicon Advisors GP purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at $396,000. Corient Private Wealth LLC raised its position in shares of DICK’S Sporting Goods by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 7,135 shares of the sporting goods retailer’s stock worth $1,413,000 after purchasing an additional 400 shares during the last quarter. Hsbc Holdings PLC boosted its stake in DICK’S Sporting Goods by 9.3% in the 4th quarter. Hsbc Holdings PLC now owns 42,240 shares of the sporting goods retailer’s stock worth $8,373,000 after purchasing an additional 3,589 shares in the last quarter. SHP Wealth Management purchased a new stake in DICK’S Sporting Goods during the 4th quarter valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at about $185,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DKS. Telsey Advisory Group reiterated an “outperform” rating and set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $239.67.

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DICK’S Sporting Goods Company Profile

(Get Free Report)

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.

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