Sunnymeath Asset Management buys $1,638,270 stake in Dicks Sporting Goods Inc (DKS)

Dicks Sporting Goods Inc (DKS) : Sunnymeath Asset Management scooped up 500 additional shares in Dicks Sporting Goods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 32,700 shares of Dicks Sporting Goods Inc which is valued at $1,638,270.Dicks Sporting Goods Inc makes up approximately 2.31% of Sunnymeath Asset Management’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in DKS in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 1,206 shares of Dicks Sporting Goods Inc which is valued at $60,421.Creative Planning boosted its stake in DKS in the latest quarter, The investment management firm added 1,905 additional shares and now holds a total of 3,072 shares of Dicks Sporting Goods Inc which is valued at $149,545.Community Trust Investment Co boosted its stake in DKS in the latest quarter, The investment management firm added 7,304 additional shares and now holds a total of 367,813 shares of Dicks Sporting Goods Inc which is valued at $17,905,137. Dicks Sporting Goods Inc makes up approx 2.22% of Community Trust Investment Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DKS in the latest quarter, The investment management firm added 26,295 additional shares and now holds a total of 45,682 shares of Dicks Sporting Goods Inc which is valued at $2,215,577. Dicks Sporting Goods Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Dicks Sporting Goods Inc opened for trading at $50.04 and hit $50.32 on the upside on Wednesday, eventually ending the session at $50.1, with a gain of 0.54% or 0.27 points. The heightened volatility saw the trading volume jump to 10,09,521 shares. Company has a market cap of $5,715 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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