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Dicks Sporting Goods, Inc (DKS) rating reiterates by Telsey Advisory Group

Dicks Sporting Goods, Inc’s recent filing unveils that its Director Ralls-Morrison Desiree unloaded Company’s shares for reported $0.72 million on Jul 11 ’24. In the deal valued at $206.65 per share,3,489 shares were sold. As a result of this transaction, Ralls-Morrison Desiree now holds 5,609 shares worth roughly $1.11 million.

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Then, COLOMBO WILLIAM J sold 1 shares, generating $154 in total proceeds. Upon selling the shares at $215.64, the Director now owns 0 shares.

Before that, Lodge-Jarrett Julie sold 4,910 shares. Dicks Sporting Goods, Inc shares valued at $1,090,118 were divested by the EVP, Chf People & Purpose Ofcr at a price of $222.02 per share. As a result of the transaction, Lodge-Jarrett Julie now holds 16,504 shares, worth roughly $3.27 million.

Telsey Advisory Group reiterated its Dicks Sporting Goods, Inc [DKS] rating to an Outperform in a research note published on August 30, 2024; the price target was $260. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. BofA Securities also remained covering DKS and has increased its forecast on May 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on April 12, 2024. It rated DKS as “a Hold”.

Price Performance Review of DKS

On Tuesday, Dicks Sporting Goods, Inc [NYSE:DKS] saw its stock jump 0.70% to $198.10. Over the last five days, the stock has lost -1.99%. Dicks Sporting Goods, Inc shares have risen nearly 34.81% since the year began. Nevertheless, the stocks have risen 71.86% over the past one year. While a 52-week high of $239.30 was reached on 08/23/24, a 52-week low of $110.07 was recorded on 01/04/24. SMA at 50 days reached $211.25, while 200 days put it at $202.87.

Levels Of Support And Resistance For DKS Stock

The 24-hour chart illustrates a support level at 195.66, which if violated will result in even more drops to 193.22. On the upside, there is a resistance level at 200.03. A further resistance level may holdings at 201.95. The Relative Strength Index (RSI) on the 14-day chart is 40.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.71%. Stochastics %K at 13.10% indicates the stock is a buying.

How much short interest is there in Dicks Sporting Goods, Inc?

A steep rise in short interest was recorded in Dicks Sporting Goods, Inc stocks on 2024-10-15, dropping by -0.51 million shares to a total of 4.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.62 million shares. There was a decline of -12.45%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 08, 2024 when Gordon Haskett resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $260.

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