Finally, Guggenheim reiterated a "neutral" rating on shares of Dick's Sporting Goods in a report on Wednesday, August 16th.
Several firms have shifted positions in (DKS). Vanguard Group Inc. lifted its position in Dick's Sporting Goods by 2.0% in the second quarter. Investment Counselors of Maryland LLC raised its stake in Dick's Sporting Goods by 1.1% during the second quarter. Oppenheimer & Co Inc now owns 156,243 shares with a value of $4,220,000. Sciencast Management LP acquired a new position in Dick's Sporting Goods in the 2nd quarter worth approximately $299,000. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer's stock valued at $224,411,000 after purchasing an additional 4,085,414 shares during the last quarter.
Short traders are more bearish on shares of Dick's Sporting Goods Inc of late at least if you consider the rise in short interest. Daiwa Securities Group Inc. now owns 2,200 shares of the sporting goods retailer's stock valued at $125,000 after buying an additional 200 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: "Dick's Sporting Goods Inc (DKS) Position Reduced by Oregon Public Employees Retirement Fund" was originally reported by Week Herald and is owned by of Week Herald. Manning & Napier Advisors LLC boosted its stake in Dick's Sporting Goods by 1,173.1% in the 2nd quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.
Shares of Dick's Sporting Goods Inc. (NYSE:DKS) closed its last session at $26.32. While the stock price moved along with the volume change, shares are touching $25.07 at the time of writing. Dick's Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $62.88. Current price places the company's stock -31.45% away from its 200-day simple moving average, 1.51%, away from the 50-day average and also 5.17% away from 20-day average.
Looking forward, the company's quarterly earnings are expected to come at $0.26 in the three months through October 2017 and $1.11 in the quarter ending January 2018, reflecting -45.83% and -15.91% growth, respectively.
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The outlook for next year from Dick's Sporting Goods overshadowed a strong quarter and pushed shares down sharply in early trading Tuesday. The sporting goods retailer reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.06.
Analysts believe that the company has the potential to earn average revenue of $1.89 Billion for the current quarter. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm's revenue was up 10.2% on a year-over-year basis.
In the most updated research from a number of analysts on Wall Street, the company gets 2 Buys and 0 Sell among 16 analysts.
Shares of Dick's Sporting Goods, Inc.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. This represents a $0.68 annualized dividend and a yield of 2.58%. Dick's Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $36.12. Plus, 23 of 24 analysts maintain a "hold" or "strong sell" rating on the shares. Equity analyst Susquehanna Bancshares lowered the price target on November 10 cutting the projection from $30.00 to $27.00 and issued a "Neutral" recommendation. Canaccord Genuity restated a "buy" rating and set a $70.00 target price on shares of Dick's Sporting Goods in a research report on Wednesday, December 28th. US Bancorp DE grew its position in Dick's Sporting Goods by 0.8% in the second quarter.
In other Dick's Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $58.45, for a total transaction of $1,403,676.75. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer's stock worth $3,078,000 after purchasing an additional 7,675 shares during the period.