There Is A Lot Of Upside Potential For Dicks Sporting Goods, Inc.(NYSE: DKS)

Dicks Sporting Goods, Inc. (NYSE:DKS) price on Friday, April 19, fall -0.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $195.08.

A look at the stock’s price movement, the close in the last trading session was $195.22. The PE ratio in trailing twelve months stood at 16.04. Turning to its 52-week performance, $225.79 and $100.98 were the 52-week high and 52-week low respectively. Overall, DKS moved -11.05% over the past month.

Dicks Sporting Goods, Inc.’s market cap currently stands at around $16.08 billion. The company has a Forward Dividend ratio of 4.10, with its dividend yield at 2.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DKS is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

The technical evaluation for the stock shows the PEG ratio is 2.18, with DKS’s current price about -7.55% and 1.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.22, while 7-day volatility ratio is 2.53% and 2.29% in the 30-day chart. Further, Dicks Sporting Goods, Inc. (DKS) has a beta value of 1.63, and an average true range (ATR) of 5.18.

If we refocus on Dicks Sporting Goods, Inc. (NYSE:DKS), historical trading data shows that trading volumes averaged 1.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 56.84 million shares.

The 31.35% of Dicks Sporting Goods, Inc.’s shares are in the hands of company insiders while institutional holders own 70.52% of the company’s shares. Current price change has pushed the stock 32.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DKS stock continues to rise going into the next quarter.

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