Rail-splitter Capital Management adds Dicks Sporting Goods Inc (DKS) to its portfolio

Dicks Sporting Goods Inc (DKS) : Rail-splitter Capital Management added new position in Dicks Sporting Goods Inc during the most recent quarter end. The investment management firm now holds 89,371 shares of Dicks Sporting Goods Inc which is valued at $4,595,457 , the company said in a statement filed on Aug 2, 2016 with the SEC.Dicks Sporting Goods Inc makes up approximately 1.07% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Selway Asset Management boosted its stake in DKS in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 30,400 shares of Dicks Sporting Goods Inc which is valued at $1,563,168. Dicks Sporting Goods Inc makes up approx 0.96% of Selway Asset Management’s portfolio.Cobiz Investment Management reduced its stake in DKS by selling 1,945 shares or 16.84% in the most recent quarter. The Hedge Fund company now holds 9,605 shares of DKS which is valued at $493,889. Dicks Sporting Goods Inc makes up approx 0.12% of Cobiz Investment Management’s portfolio. Strs Ohio sold out all of its stake in DKS during the most recent quarter. The investment firm sold 2,411 shares of DKS which is valued $121,008.Ls Investment Advisors boosted its stake in DKS in the latest quarter, The investment management firm added 2,098 additional shares and now holds a total of 10,336 shares of Dicks Sporting Goods Inc which is valued at $520,624. Dicks Sporting Goods Inc makes up approx 0.03% of Ls Investment Advisors’s portfolio.Arcadia Investment Management Corpmi reduced its stake in DKS by selling 5,100 shares or 17.13% in the most recent quarter. The Hedge Fund company now holds 24,665 shares of DKS which is valued at $1,236,950. Dicks Sporting Goods Inc makes up approx 0.39% of Arcadia Investment Management Corpmi’s portfolio.

Dicks Sporting Goods Inc opened for trading at $53.75 and hit $54.14 on the upside on Monday, eventually ending the session at $53.72, with a gain of 0.41% or 0.22 points. The heightened volatility saw the trading volume jump to 13,12,971 shares. Company has a market cap of $6,128 M.

On the company’s financial health, Dicks Sporting Goods Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.49. The company had revenue of $1660.30 million for the quarter, compared to analysts expectations of $1662.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Upgraded by RBC Capital Mkts on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $41 .Stifel Resumed Dicks Sporting Goods Inc on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $50.Company shares were Reiterated by Credit Suisse on May 23, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .

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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