NY Decreases Position in Dicks Sporting Goods Inc (DKS)

NY Decreases Position in Dicks Sporting Goods Inc (DKS)
NY Decreases Position in Dicks Sporting Goods Inc (DKS)
Author

08 March, 2017

Dicks Sporting Goods Inc (NYSE:DKS)'s stock had its "buy" rating reissued by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. After a recent spot-check, the stock has touched $48.06 which represents a change from the open of -5.78%.

Yet, its stock is down 8.6% since yesterday's close thanks to a massive sell-off spurred by the company lowering its first quarter estimates. Dick's Sporting Goods, Inc.'s 20-Day Simple Moving Average is -0.11%. Brean Capital reissued a "buy" rating and set a $63.00 target price (down previously from $64.00) on shares of Dicks Sporting Goods in a research report on Sunday, December 4th. (NYSE:DKS) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.48 The reported earnings per share topped the analyst's consensus by $0.06 with the percentage difference between estimated and actual earnings arriving at 14.30%. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock presently has a consensus rating of "Buy" and a consensus target price of $61.60.

In all holiday season quarter, Dick's had a profit of $90.2 million, or 81 cents a share, down 30% from $129 million, or $1.13, a year earlier. Castleark Management LLC now owns 501,629 shares of the sporting goods retailer's stock valued at $26,636,000 after buying an additional 397,919 shares during the last quarter. The stock is trading $52.07 its 50-day moving average by -0.54%. Daiwa Securities Group Inc. raised its position in shares of Dicks Sporting Goods by 10.0% in the third quarter.

Shares, battered 16 percent over the past three months, lost another 3 percent premarket to $51.06.

Basically, a price target is a forecaster's anticipation on the approaching stock price. However, a tiresome fourth quarter guidance hinted at a weaker-than-expected holiday season - toning down investors' optimism.

In 2017, Dicks Sporting Goods would continue to be aggressive and evolve the business as the company will implement a new merchandising strategy aimed at rationalizing the vendor base and optimizing the assortment to deliver a more refined offering for the customers.

IRS Has $1 Bln. In Unclaimed Tax Refunds From 2013
Ed Villanueva is a local tax agent who said he gets many clients asking about refunds from previous years. For those interested in getting the money back, you have until April 18 to file your taxes.

Lightning trade Filppula, picks to Flyers for Streit
Philadelphia also picked up a pair of draft picks in the deal - a fourth-round selection and a conditional seven-rounder in 2017. TSN Hockey Insider Pierre LeBrun noted the Flyers retained 4.7 per cent of Streit's salary ($5.25 million cap hit) in that trade.

Pediatricians warn about dangers of pot use by kids
According to the authors of the report , the marijuana is not safe for use and it leaves several negative effects of health. A doctors' group is stepping up warnings to teenagers as the use of marijuana becomes more mainstream.

For the current quarter, the highest estimate analysts provided is 2.51 Billion and the lowest is 2.41 Billion. Meeder Asset Management Inc. purchased a new stake in shares of Dicks Sporting Goods during the third quarter valued at $138,000.

According to Zacks brokerage recommendations, Dick's Sporting Goods, Inc.

Several analysts have released their opinion on Dick's Sporting Goods, Inc. The company's revenue for the quarter was up 10.9% compared to the same quarter a year ago. This is an increase from Dicks Sporting Goods's previous quarterly dividend of $0.15.

The stock showed weekly upbeat performance of -0.70%, which maintained for the month at 1.22%.

Each of its Dick's Sporting Goods stores includes footwear, team sports, outdoor lodge, golf, fitness and athletic apparel.


More news


  • Mediterranean Diet Could Help Lower Risk of Breast Cancer by 40%

    Mediterranean Diet Could Help Lower Risk of Breast Cancer by 40%

    Researchers studied women who, as high schoolers, had consumed diets thought to increase levels of inflammation in the body . Zhang and her team set out to examine isoflavone intake in 6,235 women diagnosed with breast cancer from the US and Canada.
    Strong December quarter boosts Australian economy

    Strong December quarter boosts Australian economy

    It also marked 102 quarters without recession, just one quarter short of the all-time record held by the Netherlands. Indeed, the International Monetary Fund (IMF) has predicted that Nigeria's economy will grow by 0.8 percent in 2017.

    Joel Embiid Out Indefinitely With Left Knee Injury

    Embiid will have an MRI on that knee on Monday after suffering a minor meniscus tear. Now he's listed as out indefinitely with swelling in his knee.
  • Alexis Sanchez future? Wenger denies Arsenal bust-up…

    Alexis Sanchez future? Wenger denies Arsenal bust-up…

    Having lost the first leg 5-1 at the Allianz Arena in Munich, Arsenal are virtually out of the Champions League. However, Wenger explained his decision as a purely tactical one and claimed he did not regret his selection.
    EPL: Man City sinks Sunderland

    EPL: Man City sinks Sunderland

    An upset win against the Manchester side would move Sunderland up to 19th place and three points behind 17th place Crystal Palace. I am, and I was from the beginning [of the season], very pleased with the performances of Sergio.
    Snap Inc to raise $3.4b ahead of NYSE debut

    Snap Inc to raise $3.4b ahead of NYSE debut

    Snapchat's growth, however, is being driven more and more by older users, according to the research firm eMarketer . The shares opened trading today at around $23.50 to $24.50, giving the company an overall valuation of $24 billion.
  • Elderly twins die after being in the cold overnight

    Elderly twins die after being in the cold overnight

    It's highly improbable to find out which one of them fell first or if one of the women fell while trying to help the other one. Police said a neighbor found Martha Williams and Jean Haley, both 97, dead at Haley's Opechee Drive home Saturday morning.
    Nurse charged with making secret videos of naked patients in Bucks County

    Nurse charged with making secret videos of naked patients in Bucks County

    That's when she realized the phone was recording live video- and it had been recording her in the nude for about 25 seconds. In each video, according to court records, four of the women are completely nude and one is nude below her torso.
    Marie Collins: Survivors' voices must continue to be heard

    Marie Collins: Survivors' voices must continue to be heard

    She said the commission had suffered constant setbacks, "despite the Holy Father approving all its recommendations". Collins had been a member of the panel since 2014.
  • Ukraine, Russia Face Off At The International Court In The Hague

    Zerkal requested an immediate court order to stop what she called Russia's abuses until the judges have heard the case in full. Russia has said it took control of Crimea to protect ethnic Russian living there from discrimination.
    Europe's highest active volcano Mount Etna erupts in Sicily

    Europe's highest active volcano Mount Etna erupts in Sicily

    Europe's most active volcano has erupted for the first time this year, sending a tower of bright lava into the sky. Residents in the nearby cities of Catania and Toarmina could see the lava show in the distance.

    Status for Opening Day in jeopardy

    Wright's injury will hamper the club's depth to begin the season, and could present a recurring problem once again for the Mets. Unable to throw until late March, Wright will likely be limited to DH in Grapefruit League games as he rests his shoulder.