Could Dicks Sporting Goods Inc See a Reversal After Today’s Strong Options Activity?

 Could Dicks Sporting Goods Inc See a Reversal After Today's Strong Options Activity?

In today’s session Dicks Sporting Goods Inc (DKS) recorded an unusually high (257) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DKS decrease. With 257 contracts traded and 16004 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DKS161118P00057500 closed last at: $0.05 or 80% down. About 180,534 shares traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has risen 27.28% since April 20, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

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 65 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $67 target price in Wednesday, August 17 report. As per Monday, August 10, the company rating was maintained by Credit Suisse. The stock has “Buy” rating given by Susquehanna on Friday, August 14. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Buy” rating by Monness Crespi & Hardt on Wednesday, March 9. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. UBS maintained the stock with “Buy” rating in Wednesday, November 18 report. The firm has “Equal-Weight” rating given on Friday, May 20 by Morgan Stanley. The firm has “Buy” rating by Argus Research given on Friday, December 11. The firm has “Buy” rating by Stifel Nicolaus given on Friday, June 24. The stock has “Outperform” rating given by Telsey Advisory Group on Wednesday, November 18.

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 decreased to 0.9 in Q2 2016. Its down 0.14, from 1.04 in 2016Q1. The ratio worsened, 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.
Geode Cap Limited Co accumulated 606,342 shares or 0.01% of the stock. Quantitative Management Lc accumulated 0.08% or 39,600 shares. Sib Lc accumulated 65,451 shares or 2.52% of the stock. Cobiz Limited Liability Corporation holds 9,605 shares or 0.11% of its portfolio. Clearline Capital Ltd Partnership holds 207,387 shares or 1.86% of its portfolio. Mechanics National Bank Trust Department owns 41,005 shares or 0.68% of their US portfolio. Nordea Invest Management holds 1,206 shares or 0% of its portfolio. Jpmorgan Chase & reported 241,240 shares or 0% of all its holdings. Blackrock Gru Limited reported 525,095 shares or 0.01% of all its holdings. Wellington Mgmt Limited Liability Partnership has 0.03% invested in the company for 2.64M shares. Weaver C Barksdale And Assocs holds 0.06% or 785 shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has 17,162 shares for 0.01% of their US portfolio. Moreover, Parametric Port Assocs Ltd Liability has 0.01% invested in Dicks Sporting Goods Inc (NYSE:DKS) for 136,093 shares. Aperio Gru Limited Liability Com reported 104,574 shares or 0.04% of all its holdings. Sumitomo Mitsui Asset Mngmt Limited accumulated 0.01% or 6,156 shares.

Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 3 sales for $4.44 million net activity. On Thursday, November 17 Belitsky Lee J sold $877,500 worth of the stock or 15,000 shares. 36,737 shares with value of $2.16 million were sold by Willoughby Michele on Tuesday, August 23. 24,015 shares were sold by Hobart Lauren R, worth $1.40M.

DICK’S Sporting Goods, Inc. 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 company has a market cap of $6.80 billion. 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. It has a 20.56 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

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.

More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Seekingalpha.com which released: “Dick’s Sporting Goods: Share Price Facing Imminent Shrinkage” on November 21, 2016, also Fool.com with their article: “Dick’s Sporting Goods Inc. Fumbles — Why Shares Fell” published on November 16, 2016, Cleveland.com published: “Dick’s Sporting Goods hiring 190 seasonal workers at 10 Northeast Ohio stores” on November 17, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Prnewswire.com and their article: “DICK’S Sporting Goods Third Quarter Results Call Scheduled for November 15th” published on November 08, 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.

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