Dick's Sporting Goods (DKS) Is Losing Ground After Q4 Sales Disappoint

Darnell Taylor
March 13, 2018

Therefore 44% are positive. (NYSE:DKS). Marathon Trading Inv Management Limited Liability Corp stated it has 0.05% of its portfolio in Dick's Sporting Goods, Inc. Dicks Sporting Goods presently has a consensus rating of "Hold" and an average price target of $33.96.

The company recorded fourth quarter Non-GAAP net income of $ 127.34 million or $ 1.22 per share, while analysts from Thomson Reuters expected income of $ 1.20 per share. The rating was maintained by Monness Crespi with "Buy" on Wednesday, March 8.

TRADEMARK VIOLATION NOTICE: "Somewhat Negative Media Coverage Somewhat Unlikely to Affect Dicks Sporting Goods (DKS) Share Price" was first posted by Week Herald and is owned by of Week Herald.

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Sell side analysts plays vital role in buying and selling a stock where 2 analysts rated Dick's Sporting Goods Inc. (NYSE:DKS) earned "Buy" rating by Monness Crespi on Wednesday, March 8. The firm has "Hold" rating by Canaccord Genuity given on Sunday, January 7. Citigroup cut their price target on Dicks Sporting Goods from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, November 16th. The rating was downgraded by Monness to "Hold" on Wednesday, August 16. Rhumbline Advisers accumulated 189,589 shares. Therefore 48% are positive. The firm has "Buy" rating by Stifel Nicolaus given on Friday, June 24. The firm earned "Hold" rating on Wednesday, July 12 by Susquehanna. On Friday, August 25 the stock rating was maintained by KeyBanc Capital Markets with "Hold". As per Monday, October 9, the company rating was maintained by Credit Suisse. The firm has "Equal-Weight" rating by Morgan Stanley given on Monday, September 18. The firm has "Hold" rating given on Friday, January 12 by Cowen & Co. The stock has "Buy" rating by Wunderlich on Friday, April 29. The stock decreased 3.26% or $1.06 during the last trading session, reaching $31.5. About 9.61M shares traded. It has underperformed by 18.05% the S&P500. Analyzing FRED this week, analysts seem to be content with keeping to their bleak forecast call at 3. It now has negative earnings. Armstrong Henry H Associates Inc sold 10,140 shares as the company's stock rose 6.48% with the market. Its down 0.01, from 0.81 in 2017Q2. It fall, as 83 investors sold DKS shares while 103 reduced holdings. 114 funds opened positions while 621 raised stakes. (NYSE:DKS). Winslow Evans And Crocker Incorporated invested in 626 shares or 0.01% of the stock. Beck Capital Management Llc holds 7,900 shares or 0.1% of its portfolio. (NASDAQ:KE) for 21,430 shares. Raymond James & reported 62,614 shares stake. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer's stock worth $58,681,000 after buying an additional 466,700 shares during the last quarter. Pl Ltd Company owns 95,068 shares or 1.78% of their U.S. portfolio. Hbk Ltd Partnership owns 478,400 shares. Asset Management Advsrs stated it has 2,523 shares or 0.19% of all its holdings. Bnp Paribas Arbitrage Sa owns 0% invested in PolyOne Corporation (NYSE:POL) for 37,406 shares. Loomis Sayles Lp invested in 20,072 shares. Great West Life Assurance Can has invested 0% in Dick's Sporting Goods, Inc. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 1.07 in 2017Q2.

Looking ahead, DKS expects 2018 earnings in the range of $2.80 to 3.00 per diluted share. Okumus Fund Management Ltd. acquired a new stake in Dicks Sporting Goods during the 3rd quarter worth about $46,406,000. Cs Mckee Limited Partnership has 515,075 shares for 1.08% of their portfolio. 407,554 were reported by Hahn Cap Management Limited. Moreover, Scotia Capital Inc has 0.01% invested in Apache Corporation (NYSE:APA) for 12,560 shares. (NYSE:DKS) has declined 1.35% since March 12, 2017 and is downtrending. Goldman Sachs Gp holds 0.01% or 833,515 shares in its portfolio. Panagora Asset holds 0% of its portfolio in Dick's Sporting Goods, Inc.

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