Traders are a little more bearish on shares of Dick's Sporting Goods Inc of late as implied by the uptick in short interest. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Finally, Capstone Asset Management Co. raised its stake in Dick's Sporting Goods by 2.7% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer's stock valued at $203,000 after acquiring an additional 26 shares during the period. The value of the company's investment in Dick's Sporting Goods Inc decreased from $6,342,000 to $3,968,000 decreasing 37.4% quarter to quarter. They issued a "buy" rating and a $45.00 target price for the company.
Dick's Sporting Goods (NYSE DKS) traded down $0.53 during trading hours on Monday, reaching $26.32.
Looking ahead, Dick's expects Q4 EPS of $1.12 to $1.24 vs. $1.11 consensus and full-year EPS of $2.92 to $3.04 vs. $2.80 to $3.00 prior view and $2.87 consensus. Sciencast Management LP acquired a new position in Dick's Sporting Goods in the 2nd quarter worth approximately $299,000. Zacks Investment Research raised shares of Dick's Sporting Goods from a "sell" rating to a "hold" rating in a report on Tuesday, July 18th.
In consumer stocks news, Dick's Sporting Goods Inc ( DKS ) said Tuesday that it has named Paul Gaffney as its new chief technology officer, effective November 20. The value of the investment in DKS went from $7,155,000 to $4,678,000 a change of 34.6% quarter over quarter.
Dick's Sporting Goods Inc (NYSE:DKS) updated its fourth quarter earnings guidance on Tuesday. Dick's Sporting Goods's dividend payout ratio (DPR) is now 24.29%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Telsey Advisory Group cut shares of Dick's Sporting Goods from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $52.00 to $40.00 in a report on Monday, July 24th. During the same period in the previous year, the business earned $0.48 EPS. We plan to make significant investments in our business, which will have a short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. 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. Toronto Dominion Bank grew its position in shares of Dick's Sporting Goods by 169.2% in the 3rd quarter. Dick's Sporting Goods presently has a consensus rating of "Hold" and a consensus target price of $36.12. This represents a $0.68 annualized dividend and a dividend yield of 2.58%.
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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 primarily in the eastern United States.