Glenhill Advisors Lowers stake in Dicks Sporting Goods Inc (DKS)

Dicks Sporting Goods Inc (DKS) : Glenhill Advisors reduced its stake in Dicks Sporting Goods Inc by 43.07% during the most recent quarter end. The investment management company now holds a total of 1,919,120 shares of Dicks Sporting Goods Inc which is valued at $105,033,438 after selling 1,451,924 shares in Dicks Sporting Goods Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Dicks Sporting Goods Inc makes up approximately 7.22% of Glenhill Advisors’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers reduced its stake in DKS by selling 5,093 shares or 14.94% in the most recent quarter. The Hedge Fund company now holds 28,988 shares of DKS which is valued at $1,586,513. Dicks Sporting Goods Inc makes up approx 0.02% of United Capital Financial Advisers’s portfolio.Ameritas Investment Partners boosted its stake in DKS in the latest quarter, The investment management firm added 503 additional shares and now holds a total of 14,099 shares of Dicks Sporting Goods Inc which is valued at $771,638. Dicks Sporting Goods Inc makes up approx 0.05% of Ameritas Investment Partners’s portfolio.Shufro Rose Co reduced its stake in DKS by selling 1,410 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 71,215 shares of DKS which is valued at $3,810,003. Dicks Sporting Goods Inc makes up approx 0.40% of Shufro Rose Co’s portfolio. Integral Derivatives sold out all of its stake in DKS during the most recent quarter. The investment firm sold 6,100 shares of DKS which is valued $326,350. Burt Wealth Advisors sold out all of its stake in DKS during the most recent quarter. The investment firm sold 27 shares of DKS which is valued $1,360.

Dicks Sporting Goods Inc opened for trading at $58.7 and hit $58.8799 on the upside on Thursday, eventually ending the session at $58.79, with a gain of 0.32% or 0.19 points. The heightened volatility saw the trading volume jump to 12,39,470 shares. Company has a market cap of $6,638 M.

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. 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 .Company shares were Reiterated by Monness Crespi & Hardt on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $54 .

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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