Dicks Sporting Goods Inc (DKS) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. MKM Partners Initiated Dicks Sporting Goods Inc on Apr 29, 2016 to “Buy”, Price Target of the shares are set at $56.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 .
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.
Dicks Sporting Goods Inc closed down -0.59 points or -1.25% at $46.59 with 12,53,356 shares getting traded on Wednesday. Post opening the session at $46.97, the shares hit an intraday low of $46.5 and an intraday high of $47.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price. According to the SEC, on Jan 15, 2016, Emanuel Chirico (director) sold 8,375 shares at $35.32 per share price. On Sep 16, 2015, William J Colombo (director) sold 20,000 shares at $50.56 per share price, according to the Form-4 filing with the securities and exchange commission.
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.