Today’s Ownership Action: Dicks Sporting Goods Inc (NYSE:DKS) Institutional Investor Sentiment

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Ownership Action: Dicks Sporting Goods Inc (NYSE:DKS) Institutional Investor Sentiment

Sentiment for Dicks Sporting Goods Inc (NYSE:DKS)

Dicks Sporting Goods Inc (NYSE:DKS) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.14, from 1.04 in 2016Q1. The ratio worsened, as 191 funds started new or increased positions, while 184 decreased and sold their positions in Dicks Sporting Goods Inc. The funds in our partner’s database now have: 80.43 million shares, down from 84.78 million shares in 2016Q1. Also, the number of funds holding Dicks Sporting Goods Inc in their top 10 positions increased from 5 to 6 for an increase of 1. Sold All: 53 Reduced: 131 Increased: 135 New Position: 56.

DICK’S Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The company has a market cap of $6.56 billion. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. It has a 20.52 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

The stock closed at $59.23 during the last session. It is down 26.05% since April 26, 2016 and is uptrending. It has outperformed by 20.79% the S&P500.

Analysts await Dicks Sporting Goods Inc (NYSE:DKS) to report earnings on March, 14. They expect $1.30 earnings per share, up 15.04% or $0.17 from last year’s $1.13 per share. DKS’s profit will be $143.98M for 11.39 P/E if the $1.30 EPS becomes a reality. After $0.48 actual earnings per share reported by Dicks Sporting Goods Inc for the previous quarter, Wall Street now forecasts 170.83% EPS growth.

According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.”

Glenhill Advisors Llc holds 6.25% of its portfolio in Dicks Sporting Goods Inc for 1.92 million shares. Timucuan Asset Management Inc Fl owns 1.39 million shares or 5.72% of their US portfolio. Moreover, Hoplite Capital Management L.P. has 4.2% invested in the company for 1.88 million shares. The Illinois-based William Harris Investors Inc has invested 3.6% in the stock. Jericho Capital Asset Management L.P., a New York-based fund reported 1.29 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 5 selling transactions for $9.55 million net activity.

Dicks Sporting Goods Inc (NYSE:DKS) Ratings Coverage

Ratings analysis reveals 67% of Dick’s Sporting Goods Inc.’s analysts are positive. Out of 24 Wall Street analysts rating Dick’s Sporting Goods Inc., 16 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $38 while the high is $68. The stock’s average target of $55.78 is -5.82% below today’s ($59.23) share price. DKS was included in 65 notes of analysts from July 27, 2015. The firm earned “Neutral” rating on Wednesday, August 17 by Goldman Sachs. Telsey Advisory Group maintained it with “Outperform” rating and $50 target price in Wednesday, November 18 report. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Neutral” rating by Credit Suisse on Monday, August 10. RBC Capital Markets maintained the shares of DKS in a report on Wednesday, March 9 with “Sector Perform” rating. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Buy” rating by Deutsche Bank on Wednesday, August 17. Monness Crespi & Hardt maintained the shares of DKS in a report on Wednesday, March 9 with “Buy” rating. The firm earned “Buy” rating on Wednesday, November 18 by UBS. Stifel Nicolaus maintained the shares of DKS in a report on Friday, August 12 with “Buy” rating. As per Friday, June 24, the company rating was reinitiated by Stifel Nicolaus. The stock has “Buy” rating given by Goldman Sachs on Tuesday, June 28.

DKS Company Profile

DICK’S Sporting Goods, Inc., incorporated on November 25, 1996, is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. The Firm offers products to its clients through its retail stores and online.

More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Techcrunch.com which released: “Dick’s Sporting Goods acquires mobile scorekeeping company GameChanger Media” on November 28, 2016, also Seekingalpha.com with their article: “Dick’s Sporting Goods Grows But At What Cost?” published on November 27, 2016, Fool.com published: “Dick’s Sporting Goods Inc. Fumbles — Why Shares Fell” on November 16, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Prnewswire.com and their article: “DICK’S Sporting Goods Expands Team Sports HQ by Becoming the Official League …” published on November 17, 2016 as well as Prnewswire.com‘s news article titled: “DICK’S Sporting Goods Launches Sports Matter Green Shoelace Movement To …” with publication date: November 21, 2016.

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By Adrian Mccoy


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