Dalton Greiner Hartman Maher Co Lowers stake in Dicks Sporting Goods Inc (DKS)

Dicks Sporting Goods Inc (DKS) : Dalton Greiner Hartman Maher Co reduced its stake in Dicks Sporting Goods Inc by 30.74% during the most recent quarter end. The investment management company now holds a total of 299,299 shares of Dicks Sporting Goods Inc which is valued at $16,736,800 after selling 132,845 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Dicks Sporting Goods Inc makes up approximately 1.11% of Dalton Greiner Hartman Maher Co’s portfolio.

Other Hedge Funds, Including , W.g. Shaheen Associates Dba Whitney Co boosted its stake in DKS in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 100,777 shares of Dicks Sporting Goods Inc which is valued at $5,635,450. Dicks Sporting Goods Inc makes up approx 2.29% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Creative Planning reduced its stake in DKS by selling 1,430 shares or 46.55% in the most recent quarter. The Hedge Fund company now holds 1,642 shares of DKS which is valued at $93,693.Cobiz Investment Management reduced its stake in DKS by selling 1,200 shares or 12.49% in the most recent quarter. The Hedge Fund company now holds 8,405 shares of DKS which is valued at $484,380. Dicks Sporting Goods Inc makes up approx 0.12% of Cobiz Investment Management’s portfolio.

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.

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