November 23, 2016 - By Peter Kolinski
The director of Dicks Sporting Goods Inc, William Colombo is in the stock market news today. It was published in a public report filled by William Colombo and submitted to the U.S. SEC on 23-11-2016, he sold 32,844 shares from the Pinksheet-listed company having an approx. value of $1,973,678 US Dollars. The unloaded shares average price was $60.1. William is trying to silently decrease his company’s share, same as he did in the last 30 days. He unloaded another 20,000 shares worth $1,230,860 USD. William Colombo presently has in hand 310,763 shares or 0.28% of Dicks Sporting Goods Inc’s market cap.
Out of 24 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. $68 is the highest target while $38 is the lowest. The $55.78 average target is -6.91% below today’s ($59.92) stock price. Dick’s Sporting Goods Inc. has been the topic of 65 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Neutral” rating by B. Riley & Co on Friday, December 18. Citigroup maintained it with “Buy” rating and $68 target price in Wednesday, August 17 report. The firm has “Buy” rating given on Wednesday, November 18 by UBS. The firm has “Buy” rating by Citigroup given on Friday, May 20. The rating was maintained by Susquehanna on Friday, August 14 with “Buy”. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Buy”. The firm has “Outperform” rating by Oppenheimer given on Thursday, September 15. As per Wednesday, March 9, the company rating was maintained by Robert W. Baird. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, November 18 report. Argus Research maintained Dicks Sporting Goods Inc (NYSE:DKS) rating on Tuesday, August 30. Argus Research has “Buy” rating and $66 price target.
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.14, from 1.04 in 2016Q1. The ratio worsened, as 53 funds sold all Dicks Sporting Goods Inc shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.
Teewinot Advisers Ltd Liability Corp holds 1.38% or 37,400 shares in its portfolio. Moreover, Parametric Associate Limited Company has 0.01% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 136,093 shares. Moreover, Hutchin Hill Capital Limited Partnership has 0.08% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 52,374 shares. Harris Assocs Limited Partnership holds 14,900 shares or 0% of its portfolio. Highlander Capital Management Limited Liability Corporation last reported 300 shares in the company. Price T Rowe Md, a Maryland-based fund reported 202,934 shares. Davidson Investment Advsrs holds 0.8% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 105,721 shares. M&T Bank & Trust has 0% invested in the company for 7,312 shares. First Midwest Bancorp Division, a Illinois-based fund reported 18,472 shares. State Of New Jersey Common Pension Fund D last reported 22,000 shares in the company. Schroder Investment Mgmt Gru Incorporated has 45,876 shares for 0% of their US portfolio. Axa holds 0.02% or 122,060 shares in its portfolio. Hsbc Public Ltd owns 53,327 shares or 0.01% of their US portfolio. Fifth Third Financial Bank owns 65,475 shares or 0.03% of their US portfolio. Glenmede Tru Na owns 42,009 shares or 0.01% of their US portfolio.
Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 3 selling transactions for $4.44 million net activity. Shares for $877,500 were sold by Belitsky Lee J. Willoughby Michele sold 36,737 shares worth $2.16 million. The insider Hobart Lauren R sold $1.40 million.
About 1.50M shares traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has risen 30.45% since April 21, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.
DICK’S Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The company has a market cap of $6.91 billion. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. It has a 20.75 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.
According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.”
Analysts await Dicks Sporting Goods Inc (NYSE:DKS) to report earnings on March, 14. They expect $1.30 earnings per share, up 15.04% or $0.17 from last year’s $1.13 per share. DKS’s profit will be $149.92 million for 11.52 P/E if the $1.30 EPS becomes a reality. After $0.48 actual earnings per share reported by Dicks Sporting Goods Inc for the previous quarter, Wall Street now forecasts 170.83% EPS growth.
More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Fool.com which released: “Dick’s Sporting Goods Inc. Fumbles — Why Shares Fell” on November 16, 2016, also Seekingalpha.com with their article: “Dick’s Sporting Goods: Share Price Facing Imminent Shrinkage” published on November 21, 2016, Prnewswire.com published: “DICK’S Sporting Goods Third Quarter Results Call Scheduled for November 15th” on November 08, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Cleveland.com and their article: “Dick’s Sporting Goods hiring 190 seasonal workers at 10 Northeast Ohio stores” published on November 17, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Dick’s Sporting Goods, Inc., 40.0% Follow-Through ..” with publication date: November 15, 2016.
DICK’S Sporting Goods, Inc., incorporated 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 in the eastern United States. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. The Firm offers products to its clients through its retail stores and online.
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