Dicks Sporting Goods Inc (DKS) : Courage Capital Management has sold out all of its stake in Dicks Sporting Goods Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 56,000 shares of Dicks Sporting Goods Inc which is valued at $2.3 Million.
Other Hedge Funds, Including , Friess Associates added DKS to its portfolio by purchasing 187,530 company shares during the most recent quarter which is valued at $7.6 Million. Dicks Sporting Goods Inc makes up approx 0.77% of Friess Associates’s portfolio.United Capital Financial Advisers reduced its stake in DKS by selling 5,093 shares or 14.94% in the most recent quarter. The Hedge Fund company now holds 28,988 shares of DKS which is valued at $1.2 Million. Dicks Sporting Goods Inc makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in DKS by selling 431,745 shares or 12.65% in the most recent quarter. The Hedge Fund company now holds 2,981,690 shares of DKS which is valued at $121.4 Million. Dicks Sporting Goods Inc makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.First Trust Advisors Lp boosted its stake in DKS in the latest quarter, The investment management firm added 261,534 additional shares and now holds a total of 720,096 shares of Dicks Sporting Goods Inc which is valued at $29.3 Million. Dicks Sporting Goods Inc makes up approx 0.09% of First Trust Advisors Lp’s portfolio.Bbva Compass Bancshares Inc reduced its stake in DKS by selling 10,675 shares or 24.12% in the most recent quarter. The Hedge Fund company now holds 33,591 shares of DKS which is valued at $1.5 Million. Dicks Sporting Goods Inc makes up approx 0.11% of Bbva Compass Bancshares Inc’s portfolio.
Dicks Sporting Goods Inc opened for trading at $42.62 and hit $43.4 on the upside on Wednesday, eventually ending the session at $43.29, with a gain of 1.60% or 0.68 points. The heightened volatility saw the trading volume jump to 12,70,227 shares. Company has a market cap of $4,975 M.
On the company’s financial health, Dicks Sporting Goods Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.49. The company had revenue of $1660.30 million for the quarter, compared to analysts expectations of $1662.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Reiterated by Credit Suisse on May 23, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .Shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Sector Perform” and Lowered the Price Target to $ 41 from a previous price target of $42 .Dicks Sporting Goods Inc was Upgraded by Goldman to ” Buy” on May 20, 2016.
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.