Dicks Sporting Goods Inc (DKS) : Sabal Capital Management added new position in Dicks Sporting Goods Inc during the most recent quarter end. The investment management firm now holds 29,811 shares of Dicks Sporting Goods Inc which is valued at $1,631,556 , the company said in a statement filed on Aug 12, 2016 with the SEC.Dicks Sporting Goods Inc makes up approximately 3.51% of Sabal Capital Management’s portfolio.
Other Hedge Funds, Including , Nicholas Investment Partners Lp added DKS to its portfolio by purchasing 43,586 company shares during the most recent quarter which is valued at $2,385,462. Dicks Sporting Goods Inc makes up approx 0.21% of Nicholas Investment Partners Lp’s portfolio.Tiaa Cref Investment Management reduced its stake in DKS by selling 1,332,191 shares or 84.09% in the most recent quarter. The Hedge Fund company now holds 252,074 shares of DKS which is valued at $13,796,010. Dicks Sporting Goods Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Advisors Asset Management reduced its stake in DKS by selling 884 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 9,501 shares of DKS which is valued at $518,755. Dicks Sporting Goods Inc makes up approx 0.01% of Advisors Asset Management’s portfolio.Royce Associates Lp boosted its stake in DKS in the latest quarter, The investment management firm added 22,500 additional shares and now holds a total of 172,500 shares of Dicks Sporting Goods Inc which is valued at $9,418,500. Dicks Sporting Goods Inc makes up approx 0.06% of Royce Associates Lp’s portfolio.
Dicks Sporting Goods Inc opened for trading at $58.73 and hit $59.56 on the upside on Monday, eventually ending the session at $59.11, with a gain of 0.82% or 0.48 points. The heightened volatility saw the trading volume jump to 10,42,079 shares. Company has a market cap of $6,674 M.
On the company’s financial health, Dicks Sporting Goods Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $1968.00 million for the quarter, compared to analysts expectations of $1885.96 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Investors should note that on Aug 16, 2016, Dicks Sporting Goods Inc announced a cash dividend of $0.1512. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $59 .Company shares were Reiterated by Stifel on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .Company shares were Reiterated by Monness Crespi & Hardt on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $54 .
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.