Institutional Investor Sentiment About Dicks Sporting Goods Inc (NYSE:DKS) Increased

January 14, 2018 - By Marguerite Chambers

 Institutional Investor Sentiment About Dicks Sporting Goods Inc (NYSE:DKS)  Increased

Sentiment for Dicks Sporting Goods Inc (NYSE:DKS)

Dicks Sporting Goods Inc (NYSE:DKS) institutional sentiment decreased to 0.8 in 2017 Q3. Its down -0.01, from 0.81 in 2017Q2. The ratio dived, as 149 funds increased or started new holdings, while 186 reduced and sold holdings in Dicks Sporting Goods Inc. The funds in our partner’s database now hold: 75.65 million shares, down from 82.39 million shares in 2017Q2. Also, the number of funds holding Dicks Sporting Goods Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. Sold All: 83 Reduced: 103 Increased: 102 New Position: 47.

Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company has market cap of $3.58 billion. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It has a 12.23 P/E ratio. The firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

The stock increased 2.33% or $0.76 during the last trading session, reaching $33.33. About 4.15M shares traded or 11.97% up from the average. Dick's Sporting Goods, Inc. (NYSE:DKS) has declined 1.35% since January 14, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Analysts await Dick's Sporting Goods, Inc. (NYSE:DKS) to report earnings on March, 6. They expect $1.17 earnings per share, down 11.36 % or $0.15 from last year’s $1.32 per share. DKS’s profit will be $125.67M for 7.12 P/E if the $1.17 EPS becomes a reality. After $0.30 actual earnings per share reported by Dick's Sporting Goods, Inc. for the previous quarter, Wall Street now forecasts 290.00 % EPS growth.

Okumus Fund Management Ltd. holds 10.96% of its portfolio in Dick's Sporting Goods, Inc. for 1.72 million shares. Tensile Capital Management Llc owns 818,178 shares or 4.2% of their US portfolio. Moreover, Hhr Asset Management Llc has 3.95% invested in the company for 2.81 million shares. The Louisiana-based Diversified Investment Strategies Llc has invested 3.2% in the stock. Armistice Capital Llc, a New York-based fund reported 500,000 shares.#img1#

Dick's Sporting Goods, Inc. (NYSE:DKS) Ratings Coverage

Ratings analysis reveals 36% of Dick’s Sporting Goods Inc.’s analysts are positive. Out of 36 Wall Street analysts rating Dick’s Sporting Goods Inc., 13 give it “Buy”, 1 “Sell” rating, while 22 recommend “Hold”. The lowest target is $24 while the high is $69. The stock’s average target of $37.02 is 11.07% above today’s ($33.33) share price. DKS was included in 135 notes of analysts from July 27, 2015. M Partners downgraded the shares of DKS in report on Tuesday, August 15 to “Hold” rating. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Buy” rating by UBS on Tuesday, August 11. Cowen & Co maintained the shares of DKS in report on Thursday, July 20 with “Buy” rating. On Tuesday, August 15 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by RBC Capital Markets on Wednesday, November 18 with “Sector Perform”. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Buy” rating by UBS on Friday, December 9. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Neutral” rating given on Wednesday, August 16 by Buckingham Research. Susquehanna maintained the shares of DKS in report on Friday, August 14 with “Buy” rating. Wells Fargo upgraded Dick's Sporting Goods, Inc. (NYSE:DKS) on Wednesday, January 3 to “Outperform” rating. SunTrust maintained the stock with “Neutral” rating in Thursday, August 20 report.

More notable recent Dick's Sporting Goods, Inc. (NYSE:DKS) news were published by: Seekingalpha.com which released: “Dick’s Sporting Goods – Are These Signs Of A Turnaround?” on December 20, 2017, also Nasdaq.com with their article: “Dick’s Sporting (DKS) Up 13.4% Since Earnings Report: Can It Continue?” published on December 15, 2017, Cnbc.com published: “Dick’s Sporting Goods could be a ‘survivor’ like Best Buy: Wells Fargo” on January 03, 2018. More interesting news about Dick's Sporting Goods, Inc. (NYSE:DKS) were released by: Seekingalpha.com and their article: “Dick’s Sporting Goods A Compelling Buy” published on December 28, 2017 as well as Seekingalpha.com‘s news article titled: “It’s Freezing In America: A Boon For Outerwear Retailers” with publication date: January 06, 2018.

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