Friday, 24 November, 2017

Dick's Sporting Goods Inc (DKS) Shares Bought by Janus Henderson Group PLC

Dick's Sporting Goods Reading the Tea Leaves for Dick's Sporting Goods, Inc. (DKS)
Nellie Chapman | 15 November, 2017, 11:57

The stock now has an average rating of Hold and an average price target of $36.12. The Gross Margin Score of Dick's Sporting Goods, Inc. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. The company's quarterly EPS surprised Wall Street by as much as 9% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. This excludes a corporate restructuring charge, conversion costs for former TSA stores, income related to a contract termination payment, the benefit from a multi-year sales tax refund and a one-time cost the company expects to incur to enhance its ScoreCard loyalty program.

Traders are feeling more bearish lately if you take into consideration the change in short interest. If you are accessing this report on another website, it was illegally stolen and republished in violation of global copyright laws.

Renaissance Group LLC bought 169,689 shares during the last quarter increasing its holdings in Dick's Sporting Goods Inc by 30.7%. Zacks Investment Research upgraded Dick's Sporting Goods from a "hold" rating to a "buy" rating and set a $59.00 target price for the company in a research report on Wednesday. Finally, Cleveland Research downgraded Dick's Sporting Goods from a "buy" rating to a "hold" rating in a report on Monday, July 10th. Finally, Creative Planning lifted its stake in Dick's Sporting Goods by 72.2% in the second quarter. Plus, 23 of 24 analysts maintain a "hold" or "strong sell" rating on the shares.

COPYRIGHT VIOLATION WARNING: "BMO Capital Markets Reaffirms Buy Rating for Dick's Sporting Goods Inc (DKS)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

In the market the company is trading down since yesterday's close of 26.85. The company had a trading volume of 5,387,500 shares, compared to its average volume of 2,883,042. Utah Retirement Systems raised its position in Dick's Sporting Goods by 0.6% in the third quarter. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51.

The company now has a P/E ratio of 9.49 and the market cap is 2.91B.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 9th were issued a dividend of $0.1513 per share. On the other end, a stock with a score from 0-2 would be viewed as weak. Dick's Sporting Goods's dividend payout ratio is now 21.11%. The stock has declined 56 percent in the last 12 months. Following the completion of the transaction, the director now owns 323,224 shares of the company's stock, valued at $8,484,630. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Taking a look at some key metrics and ratios for Dick's Sporting Goods, Inc. The value of the investment in (DKS) decreased from $5,297,000 to $4,828,000 a change of $469,000 since the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock. Manning & Napier Advisors LLC boosted its holdings in Dick's Sporting Goods by 1,173.1% in the second quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer's stock valued at $42,600,000 after buying an additional 39,248 shares during the last quarter. The value of the total investment in Dick's Sporting Goods Inc decreased from $7,826,000 to $4,220,000 decreasing 46.1% quarter to quarter. Capstone Asset Management Co. lifted its stake in Dick's Sporting Goods by 2.7% in the second quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer's stock valued at $414,382,000 after acquiring an additional 8,230,087 shares during the period. Current price places the company's stock 34.21% away from its 200-day simple moving average, 15.2%, away from the 50-day average and also 8.14% away from 20-day average.

The company expects to open 43 new Dick's Sporting Goods stores and relocate seven Dick's Sporting Goods stores in 2017. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.