March 19, 2018

Dick's Sporting Goods Stock Tanks As Q4 Revenue, Comps Miss

13 March 2018, 09:57 | Cesar Cruz

18-year-old suing Dick’s Sporting Goods in 2nd-known gun policy lawsuit Dick's Sporting Goods

18-year-old suing Dick’s Sporting Goods in 2nd-known gun policy lawsuit	 	 	 			Dick's Sporting Goods

Net income for the quarter to February 3 rose to $116.0 million, or $1.11 a share, from $90.2 million, or 81 cents a share, in the same period a year ago. Citizens & Northern Corp who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be less bullish one the $3.43 billion market cap company. The stock increased 4.17% or $1.33 during the last trading session, reaching $33.25. About 5.12M shares traded or 73.42% up from the average. (NYSE:DKS) has declined 1.35% since March 13, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

In terms of earnings per share, 21 analysts have a 0.38 EPS mean target for the quarter ending Apr-18, for the quarter ending Jul-18, 21 analysts have a 0.88 EPS mean target and for the quarter ending Jul-18 there are 29 estimates of 3.00 EPS. The stock decreased 1.11% or $0.2 during the last trading session, reaching $17.8. About 9.61M shares traded. It has underperformed by 39.70% the S&P500. Analysts polled by FactSet predict $2.79 per share.

A number of other institutional investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Dicks Sporting Goods by 29.6% during the 4th quarter. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. Therefore 44% are positive.

Dicks Sporting Goods Inc also reported earnings per share of $1.22 for the fourth quarter of 2017.

Dick's said it expects to open about 19 Dick's Sporting Goods stores in 2018 and to relocate four shops to different buildings. Vetr upgraded The Coca-Cola Company (NYSE:KO) rating on Monday, August 31. Brean Capital has "Buy" rating and $4500 target. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $52.31. (NYSE:DKS). Castleark Mngmt Ltd, Illinois-based fund reported 218,782 shares. The rating was downgraded by Monness to "Hold" on Wednesday, August 16. The firm has "Buy" rating given on Thursday, November 16 by Forward View Consulting. (NYSE:DKS) earned "Buy" rating by Monness Crespi on Wednesday, March 8. SunTrust maintained the stock with "Hold" rating in Monday, October 16 report. Dicks Sporting Goods's dividend payout ratio is now 33.21%. The stock has "Buy" rating by Citigroup on Tuesday, December 19.

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Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.01, from 0.81 in 2017Q2. It turned negative, as 83 investors sold DKS shares while 103 reduced holdings. 47 funds opened positions while 102 raised stakes.

Dicks Sporting shares fell 5.16 percent to $30.87 in the early trading on Tuesday. Morgan Stanley invested in 0.01% or 1.20M shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 11,198 shares. Dicks Sporting Goods comprises approximately 0.7% of Spark Investment Management LLC's investment portfolio, making the stock its 28th largest holding. Stoneridge Prtnrs Limited Liability owns 22,018 shares for 0.09% of their portfolio. North Star Investment Corporation holds 0% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS). Ahl Partners Llp owns 28,591 shares. This is a positive change from Dicks Sporting Goods's previous quarterly dividend of $0.17. (NYSE:DKS). Aperio Group Inc Ltd Com stated it has 63,999 shares. Punch Associate Mngmt reported 91,159 shares stake. Northwestern Mutual Wealth Management invested in 3,765 shares. Fulton Natl Bank Na accumulated 0.02% or 8,512 shares. (NYSE:DKS). First Finance Corp In has 850 shares. Coca-Cola had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 27 by Piper Jaffray. The stock has "Hold" rating by Monness on Wednesday, August 16. The firm has "Hold" rating given on Wednesday, July 26 by Susquehanna. RBC Capital Markets has "Hold" rating and $55.0 target. The company was maintained on Wednesday, September 20 by Robert W. Baird.

The company is estimated to report earnings on Mar 13 BMO. Milton Bryan W sold $606,082 worth of stock or 7,281 shares.

Investors sentiment decreased to 0.93 in Q3 2017. Its up 0.31, from 0.74 in 2017Q2. Institutional investors and hedge funds own 70.22% of the company's stock. Ancora Limited Liability invested in 147,691 shares. South State invested in 1.21% or 132,040 shares. Berkshire Asset Mgmt Ltd Liability Corp Pa owns 296,709 shares or 2.71% of their U.S. portfolio. Mutual Of America Cap Limited Com reported 71,702 shares. 61,609 are held by Commercial Bank Of The Ozarks. 852,936 were accumulated by Numeric Investors Ltd Company.

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