Pensionfund Sabic buys $1.4 Million stake in Dicks Sporting Goods Inc (DKS)

Dicks Sporting Goods Inc (DKS) : Pensionfund Sabic scooped up 4,800 additional shares in Dicks Sporting Goods Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 32,800 shares of Dicks Sporting Goods Inc which is valued at $1.4 Million.Dicks Sporting Goods Inc makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in DKS in the latest quarter, The investment management firm added 16,800 additional shares and now holds a total of 72,800 shares of Dicks Sporting Goods Inc which is valued at $3.2 Million. Dicks Sporting Goods Inc makes up approx 0.44% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Dicks Sporting Goods Inc reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 8, 2016. Analyst had a consensus of $1.15. The company had revenue of $2240.00 million for the quarter, compared to analysts expectations of $2277.65 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Reiterated by Telsey Advisory Group on Mar 14, 2016 to “Market Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Reiterated by Argus on Mar 14, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Mar 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .

Dicks Sporting Goods Inc closed down -0.69 points or -1.55% at $43.95 with 11,07,776 shares getting traded on Monday. Post opening the session at $44.57, the shares hit an intraday low of $43.91 and an intraday high of $45.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

DICK’S Sporting Goods Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment apparel footwear and accessories. The Company offers hardlines such as sporting goods equipment fitness equipment golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy Field & Stream and True Runner specialty stores. As of January 31 2015 the Company operated 603 Dick’s Sporting Goods stores in 46 states 78 Golf Galaxy stores in 29 states 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

Leave a Reply

Dicks Sporting Goods Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dicks Sporting Goods Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.