Why Dicks Sporting Goods Inc (DKS) Stock Is Dropping Today
- Author: Darren Santiago Mar 08, 2017,
Mar 08, 2017, 0:39
Dicks Sporting Goods Inc (NYSE:DKS) reported consolidated net income for the fourth quarter ended January 28, 2017 of $90.2 million, or $0.81 per diluted share, compared to the Company's expectations provided on November 15, 2016 of $1.15 to 1.27 per diluted share. The company's stock had a trading volume of 13,831,193 shares. Narrowing in, the stock is at a distance of -16.71% from the 50 day high and 0.00% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Dick's Sporting Goods, Inc. Canaccord Genuity reaffirmed a "buy" rating and set a $70.00 price objective on shares of Dick's Sporting Goods in a report on Thursday, October 6th.
The largest USA sporting goods retailer reported strong revenue yesterday, with $2.5 billion in sales for the fourth quarter, up 10.9% from the same quarter in 2015. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company's stock. Thrivent Financial for Lutherans now owns 15,060 shares of the sporting goods retailer's stock worth $800,000 after buying an additional 1,250 shares during the period. The stock presently has a consensus rating of "Buy" and a consensus target price of $61.60. The stock price of DKS is moving up from its 20 days moving average with 3.64% and isolated positively from 50 days moving average with 0.83%. Wall Street was expecting $0.61 earnings per share for the first quarter but Dick's now anticipates that EPS to come in between $0.50 and $0.55. The average numbers of shares are traded in a security per day, during the recent 3-month period. The stock is now moving above its 20-Day Simple Moving Average of 0.83% with the 50-Day Simple Moving Average of 0.83 percent.
"Canaccord Genuity Reiterates "Buy" Rating for Dicks Sporting Goods Inc (DKS)" was originally published by BBNS and is the property of of BBNS. During the past three month period the stock dropped -19.36% and increased 25.70% in past six month. During the same quarter in the previous year, the firm posted $1.13 EPS.
Full-year earnings amounted to $287.4 million, or $2.56 per share, missing the fiscal 2015 totals when the company revealed earnings of $330.4 million, or $2.83 per share. Snow Capital Management LP raised its stake in shares of Dicks Sporting Goods by 4.0% in the third quarter. (NYSE:DKS)'s shares have the potential to reach a high EPS of 1.35 per share, and a low EPS of 1.21 per share in the current quarter. This is a positive change from Dicks Sporting Goods's previous quarterly dividend of $0.15.
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The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. It has a dividend yield of 3.88%.
A customer carries a bag while exiting a Dick's Sporting Goods Inc. store in Sterling Heights, Michigan. MD raised its position in shares of Dick's Sporting Goods by 2,269.5% in the third quarter. The third largest holder is Blackrock Fund Advisors, which now holds $186.44 million worth of this stock and that ownership represents almost 3.24% of its market capitalization.
Each of its Dick's Sporting Goods stores includes footwear, team sports, outdoor lodge, golf, fitness and athletic apparel.