Dicks Sporting Goods Inc Takes a Hit Despite Earnings Beat

Why These Stocks Are Winning Picks Now? – PBF Energy Inc. (PBF), Dick's Sporting Goods, Inc. (DKS)

Guidance from the retailer also disappointed, with projected fourth quarter EPS of $1.25 to $1.27 versus the $1.27 consensus. (PBF). The consensus rating is 2.6, suggesting the market has given up on the stock. Moore Capital Management LP owned 0.18% of Dick's Sporting Goods worth $11,514,000 at the end of the most recent quarter. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. However, it still came in above Wall Street's earnings per share estimate of 26 cents for the quarter, but wasn't enough to save DKS stock.

Total inventory increased 4.1 percent at the end of the third quarter of 2017 as compared to the end of the third quarter of 2016. During the same period a year ago, the business earned $0.82 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter previous year. Credit Suisse Group set a $44.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a report on Monday, August 7th. If you are reading this article on another website, it was illegally stolen and republished in violation of worldwide copyright and trademark laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/14/dicks-sporting-goods-inc-dks-pt-set-at-27-00-by-canaccord-genuity.html. Zacks Investment Research upgraded shares of Dick's Sporting Goods from a "sell" rating to a "hold" rating in a research report on Tuesday, July 18th. The value of the investment in Dick's Sporting Goods Inc went from $7,826,000 to $4,220,000 a change of 46.1% quarter to quarter. Monness Crespi & Hardt cut shares of Dick's Sporting Goods from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 16th. The company now has an average rating of "Buy" and a consensus price target of $61.57.

Shares of Dick's Sporting Goods Inc (NYSE:DKS) opened at $26.32 on Tuesday.

Current levels places Central Fund of Canada Limited (:CEF)'s stock about -2.14% from the 50-day high and 5.23% away from the 50-day low.

The most current P/E ratio is 8.87 and the market cap of the company is 2.72B.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.16%. Dick's Sporting Goods's dividend payout ratio (DPR) is now 24.29%. The institutional investor owned 203,000 shares of the sporting goods retailer's stock after selling 122,000 shares during the period. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its position in Dick's Sporting Goods by 54.6% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer's stock worth $270,937,000 after purchasing an additional 135,991 shares during the period. Bank of New York Mellon Corp lifted its position in Dick's Sporting Goods by 10.7% in the second quarter. Dick's Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $62.88.

Dicks Sporting Goods shares fell 2.6% in premarket trading Tuesday following the report. Northwestern Mutual Investment Management Company LLC raised its stake in Dick's Sporting Goods by 1.6% during the second quarter.

For the current quarter ending in January, Dick's expects its per-share earnings to range from $1.12 to $1.24. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer's stock worth $1,009,000 after acquiring an additional 275 shares in the last quarter.

Lsv Asset Management added to its position by buying 61,600 shares an increase of 26.5%. Commonwealth Bank of Australia now owns 13,100 shares of the sporting goods retailer's stock valued at $589,000 after buying an additional 200 shares in the last quarter.

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