ibusinesslines.com March 18, 2018

Dicks Sporting Goods Inc Stock Hit Hard by Revenue Miss, Comparable Sales

13 March 2018, 09:00 | Kelvin Horton

Dicks Sporting Goods Inc (NYSE:DKS) Stake Lessened by Credit Agricole SA

Dicks Sporting Goods (DKS) Earning Somewhat Negative Press Coverage, Analysis Finds

Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

Dick's announced net income at $116 million, or $1.11 per share, for the quarter ended February 3. Spark Investment Management Llc who had been investing in Kimball Electronics Inc for a number of months, seems to be less bullish one the $475.16M market cap company. (NYSE:DKS) gained 2.01 Percent and closed its previous trading session at $32.56. About 3.73 million shares traded or 26.53% up from the average. It has outperformed by 40.76% the S&P500. (NYSE:DKS) has declined 1.35% since March 12, 2017 and is downtrending. It has underperformed by 11.44% the S&P500.

"The announcement we made 2 weeks ago regarding our firearms policy is not going to be positive from a traffic standpoint and a sales standpoint", Chief Executive Officer Edward Stack said on a post-earnings call with analysts. It also increased its holding in Becton Dickinson & Co (NYSE:BDX) by 60,591 shares in the quarter, for a total of 89,250 shares, and has risen its stake in Digital Rlty Tr Inc (NYSE:DLR). (NYSE:DKS) earned "Market Perform" rating by Cowen & Co on Monday, July 27. Polyone Corporation had 27 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Wednesday, November 18 by UBS. As per Friday, December 16, the company rating was downgraded by Wells Fargo. Credit Suisse has "Hold" rating and $4800 target. The firm earned "Hold" rating on Wednesday, July 12 by Susquehanna. The company was upgraded on Wednesday, September 2 by Vetr. (NASDAQ:SIRI) has "Buy" rating given on Wednesday, July 29 by Wunderlich. The stock has "Neutral" rating by Jefferies on Wednesday, April 19.

Since January 16, 2018, it had 0 insider buys, and 3 sales for $5.80 million activity.

Investors sentiment increased to 1.24 in Q3 2017. Its down 0.01, from 0.81 in 2017Q2. It is negative, as 31 investors sold SIRI shares while 132 reduced holdings. 25 funds opened positions while 74 raised stakes. Mutual Of America Cap Limited Com reported 71,702 shares. Loomis Sayles Lp invested in 20,072 shares. Fulton Natl Bank Na accumulated 0.02% or 8,512 shares. (NASDAQ:SIRI) or 3.80 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 11,198 shares. (NYSE:CIT) or 104,661 shares. Natixis Asset Management holds 10,674 shares or 0.02% of its portfolio. (NYSE:CIT) for 30 shares. Hbk Ltd Partnership owns 478,400 shares. Sentinel Lba reported 56,530 shares or 0.44% of all its holdings. Brown Cap Mgmt Llc reported 9,857 shares.

A Dick's Sporting Goods store in Georgia. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Therefore 44% are positive.

The company also provided analysts and investors a look at its fourth quarter and full year reports. The rating was downgraded by Monness to "Hold" on Wednesday, August 16. SunTrust maintained the stock with "Hold" rating in Monday, October 16 report. The firm has "Buy" rating given on Tuesday, August 2 by Citigroup. Robert W. Baird maintained it with "Neutral" rating and $45 target in Wednesday, March 9 report. (NYSE:DKS). Orrstown Ser Incorporated accumulated 230 shares or 0.01% of the stock. (NYSE:DKS) on Friday, August 14 with "Buy" rating.

Investors sentiment decreased to 0.8 in Q3 2017. Its up 0.31, from 0.74 in 2017Q2. It dropped, as 83 investors sold DKS shares while 103 reduced holdings. 21 funds opened positions while 36 raised stakes. The Quebec - Canada-based Letko Brosseau And Associate has invested 0.42% in Dick's Sporting Goods, Inc. Dreman Value L L C stated it has 964 shares or 0.02% of all its holdings. Dicks Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $52.31. (NYSE:DKS). Nomura owns 13,341 shares for 0% of their portfolio. Beck Capital Management Llc holds 7,900 shares or 0.1% of its portfolio. Okumus Fund Management Ltd. bought a new stake in shares of Dicks Sporting Goods during the third quarter worth approximately $46,406,000. (NYSE:DKS). Castleark Mngmt Ltd, Illinois-based fund reported 218,782 shares. Dicks Sporting Goods Inc now has $3.48 billion valuation. (NYSE:DKS). Moreover, Amer Intll Grp Inc has 0.02% invested in Dick's Sporting Goods, Inc. Bowling Mngmt Llc accumulated 0.16% or 48,639 shares. (NYSE:DKS) for 818,178 shares. Citizens & Northern Corp has 18,095 shares for 0.37% of their portfolio.

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