The stock of Dicks Sporting Goods Inc (NYSE:DKS) is a huge mover today! About 6.69M shares traded hands or 286.71% up from the average. Dicks Sporting Goods Inc (NYSE:DKS) has risen 35.43% since April 13, 2016 and is uptrending. It has outperformed by 31.50% the S&P500.
The move comes after 7 months negative chart setup for the $6.34B company. It was reported on Nov, 15 by Barchart.com. We have $50.42 PT which if reached, will make NYSE:DKS worth $507.20 million less.
Dicks Sporting Goods Inc (NYSE:DKS) Ratings Coverage
Out of 24 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. Dick’s Sporting Goods Inc. has been the topic of 64 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Monday, November 16 the stock rating was maintained by Canaccord Genuity with “Hold”. The rating was reinitiated by Stifel Nicolaus with “Buy” on Friday, June 24. UBS maintained it with “Buy” rating and $43 target price in Wednesday, November 18 report. The stock of Dicks Sporting Goods Inc (NYSE:DKS) has “Buy” rating given on Thursday, November 19 by Stifel Nicolaus. As per Wednesday, August 26, the company rating was downgraded by Zacks. The rating was maintained by Goldman Sachs on Tuesday, June 28 with “Buy”. The company was initiated on Wednesday, September 21 by Guggenheim. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, August 17. As per Wednesday, August 17, the company rating was maintained by Barclays Capital. The rating was maintained by Susquehanna on Wednesday, March 9 with “Positive”.
According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.15, from 0.89 in 2016Q1. The ratio improved, as 53 funds sold all Dicks Sporting Goods Inc shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.
Cs Mckee Limited Partnership has 2.18% invested in the company for 1.13 million shares. Massmutual Tru Com Fsb Adv, a Connecticut-based fund reported 27,563 shares. Arcadia Inv Mgmt Mi accumulated 0.36% or 24,665 shares. Principal Financial Gru Incorporated owns 343,306 shares or 0.02% of their US portfolio. Bancorporation Of Ny Mellon holds 0.02% or 1.28 million shares in its portfolio. Hightower Advisors Ltd Limited Liability Company reported 107,428 shares or 0.06% of all its holdings. Hbk Invests Lp holds 65,832 shares or 0.02% of its portfolio. Rothschild Asset Management last reported 266,139 shares in the company. Citigroup Inc has invested 0% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Passport Cap Limited Liability last reported 0.01% of its portfolio in the stock. The Florida-based Finemark Bankshares & Tru has invested 0% in Dicks Sporting Goods Inc (NYSE:DKS). First Commonwealth Corp Pa accumulated 1.14% or 19,874 shares. Campbell Investment Adviser Limited Liability Company has 1.47% invested in the company for 6,460 shares. Livforsakringsbolaget Skandia Omsesidigt owns 51,692 shares or 0.1% of their US portfolio. The California-based Tcw Group has invested 0.02% in Dicks Sporting Goods Inc (NYSE:DKS).
Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 1 insider sale for $2.16 million net activity. $2.16M worth of Dicks Sporting Goods Inc (NYSE:DKS) shares were sold by Willoughby Michele.
More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Investorplace.com which released: “Why is Dick’s Sporting Goods Inc Stock Down? (DKS)” on November 15, 2016, also Usnews.com with their article: “4 Things to Know When Buying Dicks Sporting Goods Inc. Stock (DKS)” published on October 21, 2016, Prnewswire.com published: “DICK’S Sporting Goods Third Quarter Results Call Scheduled for November 15th” on November 08, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Businessinsider.com and their article: “Dick’s Sporting Goods is trying to buy bankrupt Golfsmith” published on October 18, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Dick’s Sporting Goods, Inc., 40.0% Follow-Through …” with publication date: November 15, 2016.
DKS Company Profile
DICK’S Sporting Goods, Inc., incorporated on November 25, 1996, is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. The Firm offers products to its clients through its retail stores and online.
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