Published: Tue, March 13, 2018
Finance | By Claude Patterson

DICK'S Sporting Goods Issues 2018 Outlook

DICK'S Sporting Goods Issues 2018 Outlook

On a non-GAAP basis, the company reported consolidated net income for the fourth quarter ended February 3, 2018 of $127.3 million, or $1.22 per diluted share compared to the company's expectations provided on November 14, 2017 of $1.12 to 1.24 per diluted share. It also increased its holding in Becton Dickinson & Co (NYSE:BDX) by 60,591 shares in the quarter, for a total of 89,250 shares, and has risen its stake in Digital Rlty Tr Inc (NYSE:DLR). PolyOne Corporation (NYSE:POL) has risen 5.26% since March 12, 2017 and is uptrending. It has outperformed by 8.88% the S&P500.

Spark Investment Management LLC grew its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 400.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor held 18,095 shares of the other specialty stores company at the end of 2017Q3, valued at $489,000, down from 30,684 at the end of the previous reported quarter. Tributary Capital Management Llc who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be less bullish one the $3.55B market cap company.

The stock decreased 0.51% or $0.23 during the last trading session, reaching $44.52. About 15,906 shares traded. The original version of this piece can be read at (NYSE:DKS) has declined 1.35% since March 12, 2017 and is downtrending. It has underperformed by 11.44% the S&P500.

Dicks Sporting Goods earned a media sentiment score of -0.01 on Accern's scale. Its up 0.25, from 0.99 in 2017Q2. 21 funds opened positions while 36 raised stakes. Jafra Capital Management LP acquired a new position in shares of Dicks Sporting Goods in the 4th quarter worth approximately $862,000. (NYSE:DKS) for 103,398 shares. Wealth Enhancement Advisory Service Limited Liability Company invested in 0.45% or 66,969 shares. Bahl & Gaynor Inc holds 105,715 shares. Comm Commercial Bank holds 13,544 shares or 0.01% of its portfolio. Dicks Sporting Goods Inc has a fifty-two week low of $23.88 and a fifty-two week high of $52.31.

Analysts expect that Dicks Sporting Goods Inc (NYSE:DKS) will post $2.73 billion in sales for the current quarter, according to Zacks Investment Research. The biggest holder now is Edward W. Stack who owns 3,906,844 shares (3.64% of those outstanding), whilst William J. Colombo holds 333,224 (0.31% of shares outstanding) and Gary M. Sterling holds 179,497 (0.17% of shares outstanding). Wesbanco State Bank Inc has 5,041 shares. Royal Bancorporation Of Canada stated it has 28,362 shares. Salem Inv Counselors reported 0.04% in Apache Corporation (NYSE:APA). Jpmorgan Chase owns 426,650 shares. Brown Cap Mgmt Llc reported 9,857 shares. Invesco accumulated 0% or 56,080 shares.

Dicks Sporting Goods Inc (DKS) opened at $31.92 on Monday. Forward View upgraded Dicks Sporting Goods from a "sell" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Thursday, November 16th. Therefore 44% are positive. Morgan Stanley restated an equal weight rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Canaccord Genuity set a $34.00 price objective on Dicks Sporting Goods and gave the stock a "hold" rating in a research report on Sunday, January 7th. (NYSE:DKS) earned "Buy" rating by Monness Crespi on Wednesday, March 8. (NYSE:DKS) on Friday, December 18 with "Neutral" rating. On Wednesday, November 15 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The stock has "Neutral" rating by Credit Suisse on Monday, August 10. This is a positive change from Dicks Sporting Goods's previous quarterly dividend of $0.17. (NYSE:DKS) rating on Monday, August 7. The company now has an average rating of "Hold" and an average price target of $33.96. The firm has "Buy" rating given on Friday, April 29 by M Partners. Bb&T Corporation holds 40,241 shares or 0.02% of its portfolio. It also increased its holding in Zimmer Biomet Holdings Inc.

Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 6 Sell and 16 Hold. Coca-Cola had 73 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen set a $34.00 price objective on Dicks Sporting Goods and gave the stock a "hold" rating in a research report on Friday, January 12th. Deutsche Bank upgraded Sirius XM Holdings Inc. The firm has "Buy" rating given on Tuesday, October 10 by Robert W. Baird. Bank of America maintained it with "Buy" rating and $6.5 target in Thursday, October 12 report. Brean Capital has "Buy" rating and $4500 target. The firm has "Peer Perform" rating given on Tuesday, July 25 by Wolfe Research. The stock of PolyOne Corporation (NYSE:POL) has "Hold" rating given on Thursday, February 4 by Wellington Shields. The stock of Sirius XM Holdings Inc. The rating was maintained by Jefferies with "Hold" on Friday, August 4.

Diversified Investment Strategies Llc, which manages about $103.53M US Long portfolio, decreased its stake in Abb Ltd (NYSE:ABB) by 137,200 shares to 9,775 shares, valued at $242,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.24 in Q3 2017. Its down 0.09, from 0.8 in 2017Q2. It is negative, as 31 investors sold SIRI shares while 132 reduced holdings. Interocean Cap Ltd Company, Illinois-based fund reported 84,455 shares. Hutchin Hill Cap LP holds 0.12% or 120,700 shares in its portfolio. Ls Investment Limited Company has invested 0.02% in Dick's Sporting Goods, Inc. (NASDAQ:SIRI). Cetera Advisor Network Ltd Limited Liability Company accumulated 0% or 19,124 shares. State Street invested in 2.78 million shares. Carroll Finance Assocs Incorporated reported 0% in Apache Corporation (NYSE:APA). (NASDAQ:SIRI). Wade G W Inc has 30,348 shares. (NASDAQ:SIRI). Goldman Sachs Inc holds 0.01% in Sirius XM Holdings Inc. 348.95 million shares or 1.76% more from 342.91 million shares in 2017Q2 were reported. (NYSE:DKS) for 550 shares.

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