Dicks Sporting Goods Inc (DKS) : Diversified Investment Strategies added new position in Dicks Sporting Goods Inc during the most recent quarter end. The investment management firm now holds 69,650 shares of Dicks Sporting Goods Inc which is valued at $2.8 Million , the company said in a statement filed on May 12, 2016 with the SEC.Dicks Sporting Goods Inc makes up approximately 3.01% of Diversified Investment Strategies’s portfolio.
Other Hedge Funds, Including , K2 Principal Fund added DKS to its portfolio by purchasing 11,700 company shares during the most recent quarter which is valued at $476,190. Dicks Sporting Goods Inc makes up approx 0.15% of K2 Principal Fund’s portfolio.Letko Brosseau Associates Inc reduced its stake in DKS by selling 40,045 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 1,605,155 shares of DKS which is valued at $65.3 Million. Dicks Sporting Goods Inc makes up approx 0.64% of Letko Brosseau Associates Inc’s portfolio.Schroder Investment Management Group boosted its stake in DKS in the latest quarter, The investment management firm added 13,400 additional shares and now holds a total of 18,200 shares of Dicks Sporting Goods Inc which is valued at $740,740.Ibm Retirement Fund reduced its stake in DKS by selling 13,102 shares or 58.75% in the most recent quarter. The Hedge Fund company now holds 9,200 shares of DKS which is valued at $374,440. Dicks Sporting Goods Inc makes up approx 0.01% of Ibm Retirement Fund’s portfolio.Engineers Gate Manager Lp reduced its stake in DKS by selling 141,419 shares or 82.82% in the most recent quarter. The Hedge Fund company now holds 29,332 shares of DKS which is valued at $1.2 Million. Dicks Sporting Goods Inc makes up approx 0.09% of Engineers Gate Manager Lp’s portfolio.
Dicks Sporting Goods Inc opened for trading at $42.42 and hit $43.55 on the upside on Friday, eventually ending the session at $43.48, with a gain of 5.13% or 2.12 points. The heightened volatility saw the trading volume jump to 60,38,123 shares. Company has a market cap of $4,997 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. 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. Dicks Sporting Goods Inc was Upgraded by Morgan Stanley to ” Equal-Weight” 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.