Dicks Sporting Goods Inc (DKS) : Mechanics Bank Trust Department reduced its stake in Dicks Sporting Goods Inc by 8.17% during the most recent quarter end. The investment management company now holds a total of 35,950 shares of Dicks Sporting Goods Inc which is valued at $1,658,014 after selling 3,200 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Dicks Sporting Goods Inc makes up approximately 0.64% of Mechanics Bank Trust Department’s portfolio.
Dicks Sporting Goods Inc opened for trading at $46.84 and hit $47.52 on the upside on Wednesday, eventually ending the session at $47.39, with a gain of 0.85% or 0.4 points. The heightened volatility saw the trading volume jump to 9,49,062 shares. Company has a market cap of $5,446 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in DKS during the most recent quarter. The investment firm sold 2,411 shares of DKS which is valued $111,195. First Quadrant L Pca sold out all of its stake in DKS during the most recent quarter. The investment firm sold 60,831 shares of DKS which is valued $2,805,526.Alpha Windward reduced its stake in DKS by selling 780 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 10,380 shares of DKS which is valued at $480,179. Dicks Sporting Goods Inc makes up approx 0.34% of Alpha Windward’s portfolio. Acadian Asset Management added DKS to its portfolio by purchasing 452 company shares during the most recent quarter which is valued at $20,910.Santa Fe Partners boosted its stake in DKS in the latest quarter, The investment management firm added 19,179 additional shares and now holds a total of 32,669 shares of Dicks Sporting Goods Inc which is valued at $1,511,268. Dicks Sporting Goods Inc makes up approx 0.25% of Santa Fe Partners’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 .
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.