Short Interest Coverage: Dicks Sporting Goods Incorporated (NYSE:DKS) Shorted Shares Increased 11.96% After Market Selling

December 1, 2016 - By Louis Casey   ·   0 Comments

Short Interest Coverage: Dicks Sporting Goods Incorporated (NYSE:DKS) Shorted Shares Increased 11.96% After Market Selling

The stock of Dicks Sporting Goods Incorporated (NYSE:DKS) registered an increase of 11.96% in short interest. DKS’s total short interest was 5.40 million shares in December as published by FINRA. Its up 11.96% from 4.82 million shares, reported previously. With 1.37 million shares average volume, it will take short sellers 4 days to cover their DKS’s short positions. The short interest to Dicks Sporting Goods Incorporated’s float is 6.29%. About 268,955 shares traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has risen 26.60% since April 28, 2016 and is uptrending. It has outperformed by 20.67% the S&P500.

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 $6.59 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 20.66 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.14, from 1.04 in 2016Q1. The ratio dropped, as 53 funds sold all Dicks Sporting Goods Inc shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.
Utah Retirement, a Utah-based fund reported 15,817 shares. Moreover, Samlyn Limited Co has 0.34% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 320,482 shares. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. Pointstate Capital Limited Partnership has 0.07% invested in the company for 78,100 shares. Reinhart has 492,258 shares for 2.22% of their US portfolio. Arrowpoint Asset Mngmt Ltd Liability holds 853,534 shares or 0.78% of its portfolio. Finemark Retail Bank & Tru accumulated 229 shares or 0% of the stock. Moreover, Shell Asset Mngmt Communication has 0% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 2,710 shares. Prudential Fincl has 416,175 shares for 0.03% of their US portfolio. Fuller & Thaler Asset Inc has invested 0% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Renaissance Tech Lc holds 637,300 shares or 0.05% of its portfolio. Citigroup Incorporated holds 0% or 29,393 shares in its portfolio. Tocqueville Asset Management Ltd Partnership holds 25,072 shares or 0.01% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.1% or 51,692 shares in its portfolio. Moore Capital Limited Partnership has invested 0.57% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS).

Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 5 selling transactions for $9.55 million net activity. On Thursday, November 17 Belitsky Lee J sold $877,500 worth of the stock or 15,000 shares. Hobart Lauren R had sold 24,015 shares worth $1.40 million. COLOMBO WILLIAM J also sold $3.13 million worth of Dicks Sporting Goods Inc (NYSE:DKS) on Wednesday, November 23. $2.16 million worth of shares were sold by Willoughby Michele on Tuesday, August 23.

Dicks Sporting Goods Inc (NYSE:DKS) Ratings Coverage

Out of 24 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. Dick’s Sporting Goods Inc. has been the topic of 65 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Positive” rating given by Susquehanna on Friday, August 12. The company was maintained on Friday, August 14 by Susquehanna. The firm has “Buy” rating by Monness Crespi & Hardt given on Thursday, November 19. Goldman Sachs maintained Dicks Sporting Goods Inc (NYSE:DKS) rating on Tuesday, June 28. Goldman Sachs has “Buy” rating and $53 price target. The stock of Dicks Sporting Goods Inc (NYSE:DKS) has “Buy” rating given on Wednesday, March 9 by Brean Capital. Morgan Stanley maintained Dicks Sporting Goods Inc (NYSE:DKS) rating on Wednesday, August 17. Morgan Stanley has “Equal-Weight” rating and $54 price target. The stock of Dicks Sporting Goods Inc (NYSE:DKS) has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Buy” rating by Citigroup on Friday, May 20. UBS maintained Dicks Sporting Goods Inc (NYSE:DKS) on Wednesday, March 9 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 18 report.

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

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By Louis Casey

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