Vigilant Capital Management Lowers stake in Dicks Sporting Goods Inc (DKS)

Dicks Sporting Goods Inc (DKS) : Vigilant Capital Management reduced its stake in Dicks Sporting Goods Inc by 8.26% during the most recent quarter end. The investment management company now holds a total of 160,938 shares of Dicks Sporting Goods Inc which is valued at $9,086,559 after selling 14,490 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Dicks Sporting Goods Inc makes up approximately 1.64% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Atria Investments boosted its stake in DKS in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 7,775 shares of Dicks Sporting Goods Inc which is valued at $443,642. Dicks Sporting Goods Inc makes up approx 0.04% of Atria Investments’s portfolio. Algert Global added DKS to its portfolio by purchasing 6,921 company shares during the most recent quarter which is valued at $394,912. Dicks Sporting Goods Inc makes up approx 0.12% of Algert Global’s portfolio.

Dicks Sporting Goods Inc opened for trading at $56.31 and hit $56.9 on the upside on Friday, eventually ending the session at $56.46, with a gain of 0.97% or 0.54 points. The heightened volatility saw the trading volume jump to 13,34,486 shares. Company has a market cap of $6,375 M.

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. Dicks Sporting Goods Inc was Initiated by Guggenheim to “Neutral” on Sep 21, 2016. 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 .

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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