Dicks Sporting Goods Inc (DKS) : William Harris Investors Inc reduced its stake in Dicks Sporting Goods Inc by 21.57% during the most recent quarter end. The investment management company now holds a total of 362,278 shares of Dicks Sporting Goods Inc which is valued at $14.7 Million after selling 99,661 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Dicks Sporting Goods Inc makes up approximately 3.85% of William Harris Investors Inc’s portfolio.
Other Hedge Funds, Including , 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. Quantitative Investment Management sold out all of its stake in DKS during the most recent quarter. The investment firm sold 125,600 shares of DKS which is valued $5.6 Million.Texas Permanent School Fund reduced its stake in DKS by selling 3,536 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 72,056 shares of DKS which is valued at $3.3 Million. Dicks Sporting Goods Inc makes up approx 0.04% of Texas Permanent School Fund’s portfolio.
Dicks Sporting Goods Inc closed down -0.79 points or -1.94% at $39.91 with 50,45,510 shares getting traded on Monday. Post opening the session at $39.92, the shares hit an intraday low of $39.54 and an intraday high of $40.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. Dicks Sporting Goods Inc was Downgraded by Morgan Stanley to ” Underweight” on May 5, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $51 .MKM Partners Initiated Dicks Sporting Goods Inc on Apr 29, 2016 to “Buy”, Price Target of the shares are set at $56.
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.