Dicks Sporting Goods Inc (DKS) : Community Trust Investment Co reduced its stake in Dicks Sporting Goods Inc by 13.95% during the most recent quarter end. The investment management company now holds a total of 316,517 shares of Dicks Sporting Goods Inc which is valued at $18,240,875 after selling 51,296 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Dicks Sporting Goods Inc makes up approximately 2.32% of Community Trust Investment Co’s portfolio.
Other Hedge Funds, Including , Hills Bank Trust Co boosted its stake in DKS in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 22,499 shares of Dicks Sporting Goods Inc which is valued at $1,296,617. Dicks Sporting Goods Inc makes up approx 0.47% of Hills Bank Trust Co’s portfolio.Trust Co Of Oklahoma reduced its stake in DKS by selling 68 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 8,278 shares of DKS which is valued at $477,723. Dicks Sporting Goods Inc makes up approx 0.26% of Trust Co Of Oklahoma’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DKS by selling 16,014 shares or 35.06% in the most recent quarter. The Hedge Fund company now holds 29,668 shares of DKS which is valued at $1,682,472. Dicks Sporting Goods Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in DKS by selling 352 shares or 91.43% in the most recent quarter. The Hedge Fund company now holds 33 shares of DKS which is valued at $1,871.
Dicks Sporting Goods Inc closed down -0.57 points or -0.99% at $57.06 with 10,55,806 shares getting traded on Tuesday. Post opening the session at $57.01, the shares hit an intraday low of $56.74 and an intraday high of $57.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.