Dick's Sporting Goods Inc (DKS) Position Increased by Dimensional Fund Advisors Lp

Dick's Sporting Goods Inc (DKS) Position Increased by Dimensional Fund Advisors Lp

Dick's Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th.

Guidance - Finally, guidance proved to be yet another bit of positive news for Dicks Sporting Goods. However, the company actually reported revenue in the amount of $1.94 billion. E-commerce penetration for the third quarter of 2017 was 10.3 percent of total net sales, compared to 9.6 percent during the third quarter of 2016. This excludes a corporate restructuring charge, conversion costs for former TSA stores, income related to a contract termination payment, the benefit from a multi-year sales tax refund and a one-time cost the company expects to incur to enhance its ScoreCard loyalty program. California State Teachers Retirement System cut its investment by selling 12,319 shares a decrease of 7.7% as of 09/30/2017. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark legislation. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/14/oppenheimer-holdings-weighs-in-on-dicks-sporting-goods-incs-q3-2018-earnings-dks.html.

The following firms have recently changed their position in DKS. The volume of CAH witnessed a shift from 5.4 million shares, based on a 50-day average, to 2.61 million shares.

Dick's shares have plummeted 54 percent this year now. Four research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have assigned a buy rating to the company's stock. Dick's Sporting Goods has a consensus rating of "Hold" and a consensus target price of $36.12. For the full year, analysts expect earnings to decline -7.69% yoy to $2.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. The most current P/E ratio is 8.85 and the market cap of the company is 2.71B. This represents a $0.68 annualized dividend and a dividend yield of 2.58%.

Dick's Sporting Goods (NYSE:DKS) opened at $26.32 on Friday. The stock is off 6.7% on the news. Following the transaction, the director now owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Sciencast Management LP acquired a new position in Dick's Sporting Goods in the 2nd quarter worth approximately $299,000. Earnings, adjusted for pretax gains, were 30 cents per share, which topped Wall Street expectations by four cents, according to a survey by Zacks Investment Research. US Bancorp DE now owns 22,635 shares of the sporting goods retailer's stock worth $901,000 after acquiring an additional 174 shares in the last quarter.

Dicks Sporting Goods shares fell 2.6% in premarket trading Tuesday following the report. Manning & Napier Advisors LLC boosted its stake in Dick's Sporting Goods by 1,173.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer's stock worth $14,253,000 after purchasing an additional 18,198 shares during the period. As of quarter end Wellington Management Group Llp had bought a total of 61,070 shares growing its holdings by 104.3%. Oppenheimer & Co Inc now owns 156,243 shares with a value of $4,220,000.

Related Articles

  • Trading Patterns In Focus: MannKind Corporation (MNKD), The Boeing Company (BA)

    The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. LMR Partners LLP purchased a new stake in MannKind Corporation during the 2nd quarter worth approximately $352,000.
    Man checks out with coins in Walmart; cashier's response goes viral

    Man checks out with coins in Walmart; cashier's response goes viral

    He became flustered after miscounting the change, having to start over. "We will do this together", the cashier told the man. Compassion and empathy too! "This lady just showed everyone how we should be each and every day", wrote another.
    Thanksgiving, Black Friday store hours

    Thanksgiving, Black Friday store hours

    But the Connecticut Better Business Bureau said consumers need to comparison shop to make sure they aren't getting a raw deal. Thanksgiving, no doubt, is shadowed by the tiresome roar of consumerism fostered by Black Friday and Cyber Monday .
  • Is Mahira Khan's 'Verna' in trouble days before its release?

    Is Mahira Khan's 'Verna' in trouble days before its release?

    According to reports, Pakistan's Federal Censor Board has objected to the film's release on Friday. Its subject tackles with rape and how the protagonist, played by Khan fights for her rights.
    Stove Top creates special stretchy trousers  for Thanksgiving

    Stove Top creates special stretchy trousers for Thanksgiving

    Stove Top is trying to come up with a solution to help people who feel too stuffed after eating Thanksgiving dinner. The Stove Top Thanksgiving Pants are $19.98 and come in four (sigh) servings sizes: S, M, L and XL.

    A Look at 2 Trending Stocks: Nokia Corporation (NOK), NetEase, Inc. (NTES)

    According to their observations and findings, the stock could provide a high EPS of $0.14/share and a low EPS of $0.05/share. Tiedemann Wealth Management LLC acquired a new stake in shares of Nokia Corporation during the 3rd quarter worth $114,000.
  • Apple succeeds in failing wearables

    Apple succeeds in failing wearables

    Their increase in third quarter shipments was, however, more than offset by slowing demand for fitness trackers. Estimates from Canalys suggest that unit sales nearly hit 4 million for Apple Watch in the third quarter.
    China's Geely buys Terrafugia, promises first U.S.  flying vehicle  by 2019

    China's Geely buys Terrafugia, promises first U.S. flying vehicle by 2019

    And numerous companies, Terrafugia included, that are working on the technology have been known to over-promise and underperform. Terrafugia strives to market the first flying vehicle in the world with the Vertical Take Off and Landing (VTOL) in 2019.

    Alaska Air Group, Inc. (NYSE:ALK) Magic Formula Rank in Perspective

    Also, it has an estimated price-earnings (P/E) multiple of 9.6 and a trailing 12-month price-earnings (P/E) multiple of 9.9. As of the end of the quarter Alliancebernstein L.P. had disposed of a total of 19,379 shares trimming its stake by 8.5%.
  • Were Analysts Bullish Callon Petroleum Company (NYSE:CPE) This Week?

    Castleark Management Limited Liability Company holds 0.07% in Callon Petroleum Company (NYSE: CPE ) or 209,250 shares. It has underperformed by 4.41% the S&P500.The move comes after 6 months negative chart setup for the $2.25B company.
    3 dead after shooting in Northern California elementary school

    3 dead after shooting in Northern California elementary school

    Tehama County Sheriff deputies are at the scene of a reported shooting in the area of Rancho Tehama in Tehama County at this hour. Local media reports that there was an active gunman at the school and there were confirmed injuries.
    Volunteers needed to make special hats for newborn babies

    Volunteers needed to make special hats for newborn babies

    The project, called Little Hats, Big Hearts, has been created to honour and celebrate babies, mothers and living heart-healthily. The program, which started in Chicago three years ago, generated around 300 hats.