ibusinesslines.com August 19, 2018

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

13 March 2018, 09:00 | Kelvin Horton

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

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

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.

Other News

Trending Now

Manchester United captain Michael Carrick confirms retirement decision
He added: "It's kind of been sorted out, but we're still talking about it so there is nothing to totally confirm yet". I had the procedure the following week. "I'm clear now, it took a bit of time to get over.

Katy Perry takes a tumble and flashes fellow 'American Idol' judges
Missing on Sunday's episode was Ryan Seacrest , who used to have countless appearances in every episode . The real test for " Idol " will be on Monday's when it goes up against NBC's The Voice .

Oil Sinks on Output Complications
Friday's strong USA payroll data, which showed a hefty 313,000 rise in jobs but tempered growth in hourly earnings, supported Treasuries in early trade.

Trump to host Saudi Crown Prince
Evidence of such abuse has been slow to emerge, but officials from two western governments said they deemed the reports credible. "I would guess it is about evens that there will be no global IPO", one high-level source said , according to the agency.

Elements of the Taliban open to talks with Afghan government, says Mattis
Mattis said he had seen some positive indications from Islamabad, noting some Pakistani military operations along the border. United States Defence Secretary James Mattis made an unannounced visit to Afghan capital Kabul on Tuesday.

Me, my sister have 'completely forgiven' father Rajiv's killers: Rahul Gandhi
I fail to understand why we should be lenient towards someone who collaborated with foreigners to kill our former Prime Minister. Gandhi, 71, who was Congress president for 19 years was replaced by her son Rahul last year after internal party elections.

North Korea, South Korea Refuse To Walk Together At Paralympics
Forty-eight different nations, plus a neutral Paralympic athletes team consisting of Russian competitors, entered the stadium in -5C temperatures.