Dicks Sporting Goods Inc (DKS) is Initiated by Guggenheim to Neutral

Dicks Sporting Goods Inc (DKS) was Initiated by Guggenheim to “Neutral”. Guggenheim advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $59 .Company shares were Reiterated by Stifel on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .Company shares were Reiterated by Monness Crespi & Hardt on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $54 .

On the company’s financial health, Dicks Sporting Goods Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $1968.00 million for the quarter, compared to analysts expectations of $1885.96 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Dicks Sporting Goods Inc closed down -0.03 points or -0.05% at $60.8 with 9,75,688 shares getting traded on Tuesday. Post opening the session at $61.07, the shares hit an intraday low of $60.56 and an intraday high of $61.235 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 25, 2016, Michele Willoughby (EVP, ECom and Supply Chain) sold 36,737 shares at $58.78 per share price. According to the SEC, on Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price. On Jan 15, 2016, Emanuel Chirico (director) sold 8,375 shares at $35.32 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.

Dicks Sporting Goods Inc

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