Dick's Sporting Goods Inc (DKS) traded down $0.53 during trading on Tuesday, reaching $26.32.
Renaissance Group LLC bought 169,689 shares during the last quarter increasing its holdings in Dick's Sporting Goods Inc by 30.7%. Oppenheimer & Co Inc now owns 156,243 shares with a value of $4,220,000. The stock has a consensus rating of "Hold" and an average price target of $36.12. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer's stock valued at $224,411,000 after purchasing an additional 4,085,414 shares during the last quarter.
Revenues rose 7.4% from past year to $1.94 billion, also beating analysts' view for $1.9 billion. In the last earnings report the EPS was $2.80 with 82.49M shares presently outstanding. Wells Fargo & Company set a $29.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, October 11th. These openings include former TSA and Golfsmith stores that the company converted to Dick's Sporting Goods and Golf Galaxy stores, respectively. Northwestern Mutual Investment Management Company LLC grew its position in Dick's Sporting Goods by 1.6% in the second quarter.
The company expects to open 43 new Dick's Sporting Goods stores and relocate seven Dick's Sporting Goods stores in 2017. The stock has a market cap of $2,936.45, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48.
Dick's Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th.
COPYRIGHT VIOLATION WARNING: "BMO Capital Markets Reaffirms Buy Rating for Dick's Sporting Goods Inc (DKS)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Bank of Montreal Can now owns 80,022 shares of the sporting goods retailer's stock valued at $3,187,000 after buying an additional 9,195 shares during the last quarter. Northern Trust Corp boosted its holdings in Dick's Sporting Goods by 54.6% in the second quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer's stock valued at $42,600,000 after buying an additional 39,248 shares during the last quarter. As of the end of the quarter Oppenheimer & Co Inc had disposed of 40,228 shares trimming its position 20.5%. Monness Crespi & Hardt lowered Dick's Sporting Goods from a "buy" rating to a "neutral" rating in a report on Wednesday, August 16th.
For the current quarter ending in January, Dick's expects its per-share earnings to range from $1.12 to $1.24.
On November 3 Cowen and Company kept the company rating at "Hold" with a current price target of $28.00. Finally, Advisory Services Network LLC raised its position in Dick's Sporting Goods by 7.0% in the third quarter. Days to cover decreased from 5.0 to 5.0 and the short interest percentage is 0.15% as of October 31. During the same quarter in the previous year, the company posted $0.48 EPS. Finally, Guggenheim reissued a "neutral" rating on shares of Dick's Sporting Goods in a research report on Wednesday, August 16th. Dick's Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $62.88. We plan to make significant investments in our business, which will have a short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Dick's Sporting Goods's dividend payout ratio is now 21.11%. Over the past five trading sessions it is 1.49%; 15.29% for the month; 46.76% for the last quarter; 43.07% for the past six-months; and 26.17% for the last 12 months. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Following the sale, the chief financial officer now directly owns 131,623 shares in the company, valued at approximately $7,699,945.50. That's a shift from a prior range of $2.85 to $3.05 per share.
A number of large investors have recently made changes to their positions in the stock.
Moore Capital Management LP reduced its stake in Dick's Sporting Goods Inc. Corporate insiders own 23.09% of the company's stock.
Dick's Sporting Goods, Inc., launched on November 25, 1996, is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States.