Moon Capital Management Lp adds Dicks Sporting Goods Inc (DKS) to its portfolio

Dicks Sporting Goods Inc (DKS) : Moon Capital Management Lp added new position in Dicks Sporting Goods Inc during the most recent quarter end. The investment management firm now holds 16,659 shares of Dicks Sporting Goods Inc which is valued at $911,747 , the company said in a statement filed on Aug 15, 2016 with the SEC.Dicks Sporting Goods Inc makes up approximately 0.31% of Moon Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Hutchin Hill Capital Lp reduced its stake in DKS by selling 38,426 shares or 42.32% in the most recent quarter. The Hedge Fund company now holds 52,374 shares of DKS which is valued at $2,866,429. Dicks Sporting Goods Inc makes up approx 0.18% of Hutchin Hill Capital Lp’s portfolio.Aperio Group boosted its stake in DKS in the latest quarter, The investment management firm added 3,279 additional shares and now holds a total of 104,574 shares of Dicks Sporting Goods Inc which is valued at $5,723,335. Dicks Sporting Goods Inc makes up approx 0.04% of Aperio Group’s portfolio. Ubs Oconnor added DKS to its portfolio by purchasing 95,000 company shares during the most recent quarter which is valued at $5,199,350. Dicks Sporting Goods Inc makes up approx 0.16% of Ubs Oconnor’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in DKS during the most recent quarter. The investment firm sold 25,470 shares of DKS which is valued $1,362,645.

Dicks Sporting Goods Inc closed down -0.3487 points or -0.59% at $59.02 with 2,240,921 shares getting traded on Wednesday. Post opening the session at $59.17, the shares hit an intraday low of $58.59 and an intraday high of $59.355 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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 .

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.

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