Dick's Sporting Goods Inc (DKS) Stock Rating Lowered by Wolfe Research

Ivan Schwartz
August 13, 2017

It is down 50.08% since August 11, 2016 and is uptrending. It has outperformed by 18.50% the S&P500. Dick's Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The Nicholas Investment Partners Lp holds 68,845 shares with $3.66 million value, up from 54,570 last quarter. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Prnewswire.com and their article: "DICK'S Sporting Goods Announces Grand Opening of Five New Stores in Three States" published on August 04, 2017 as well as Seekingalpha.com's news article titled: "Dick's Sporting Goods Changing Course" with publication date: July 26, 2017.

The company is now up from yesterday's close of $33.81. (DKS) holds floating shares of 86.96 million and 110.38 million outstanding shares. It has underperformed by 18.05% the S&P500.

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.31, from 0.9 in 2016Q3. Nj State Employees Deferred Compensation Plan reported 19,977 shares. (NASDAQ:NTCT). Profund Advsrs Limited Liability Company stated it has 0.03% in NetScout Systems, Inc.

Diversified Investment Strategies Llc holds 1.66% of its portfolio in Synacor Inc for 511,000 shares. Class A (NYSE:KCG). Peak6 Invests Ltd Partnership reported 508,409 shares. The company has market cap of $7.13 billion. Vident Investment Advisory Limited Liability Com owns 121,821 shares for 0.19% of their portfolio. Quantitative Systematic Strategies holds 0.71% or 33,140 shares in its portfolio. The stock declined 0.67% or $0.36 reaching $53.67 on the news. Class A (NYSE:KCG) or 1,616 shares. Alpha Windward Lc holds 8,695 shares. (NASDAQ:NTCT). Goldman Sachs Grp invested in 0.02% or 2.17M shares. KCG Holdings Inc. Class A had 11 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Wolfe Research on Tuesday, March 14 to "Outperform". The firm earned "Equal-Weight" rating on Thursday, October 13 by Barclays Capital. The rating was maintained by Morgan Stanley with "Overweight" on Thursday, July 20. If the market is performing well and the stock is over-valued, DKS might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. The firm has "Overweight" rating by Morgan Stanley given on Friday, August 28. The fund owned 123,567 shares of the sporting goods retailer's stock after buying an additional 17,630 shares during the period. The firm has "Buy" rating by Citigroup given on Tuesday, August 2. The firm earned "Buy" rating on Wednesday, February 24 by B. Riley & Co. On July 24 the company was set at "Market Perform" by Telsey Advisory Group which was a cut from the previous " rating.

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On June 21, 2017 the stock rating was changed to a "Overweight" by Pacific Crest which was a boost from the previous " rating. Looking at a shorter time period, shares have been seen -5.14% away from the 50 day high and 14.40% off the 50 day low price.

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.31, from 0.9 in 2016Q3.

Other large investors also recently added to or reduced their stakes in the company. 71 funds opened positions while 153 raised stakes.

Dick's Sporting Goods (DKS) traded up 0.56% on Wednesday, reaching $34.00. Sunbelt Securities holds 101 shares. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 1.02 earnings per share. The company exposed volatility of 4.88% over the past week and moving out to look at the previous month volatility move, the stock is at 3.49%. Eagle Asset Incorporated stated it has 50,307 shares or 0.02% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt reported 44,692 shares. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Dick's Sporting Goods in a report on Saturday, May 13th. 356,253 were accumulated by Principal Fincl Gru. Zeke Llc reported 0.45% stake. Orrstown Fincl stated it has 140 shares. On average, equities research analysts predict that Dick's Sporting Goods will post $3.65 EPS for the current year.

Since March 10, 2017, it had 0 insider purchases, and 2 sales for $16.80 million activity. Therefore 62% are positive. The firm earned "Buy" rating on Friday, December 9 by UBS. UBS AG cut Dick's Sporting Goods from a "buy" recommendation to a "neutral" recommendation in a analysis report on Tue, May 16th. On Wednesday, August 17 the stock rating was maintained by Credit Suisse with "Neutral". The company was initiated on Friday, April 29 by M Partners. RBC Capital Markets maintained the stock with "Outperform" rating in Wednesday, March 8 report. The company was maintained on Tuesday, August 30 by Argus Research. Schwab Charles Investment Management Inc. increased its stake in Dick's Sporting Goods by 6.6% in the first quarter. $15.82M worth of Dicks Sporting Goods Inc (NYSE:DKS) was sold by STACK EDWARD W on Monday, March 13. Moreover, Buckingham Capital Management Inc has 2.92% invested in the company for 415,440 shares. Riverhead Capital Mngmt Ltd Liability Corp, Delaware-based fund reported 4,279 shares. Microchip Technology Inc (Prn) was reduced too.

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