Time to Buy Dick's Sporting Goods, Inc. (DKS) After Today’s Big Increase?

March 14, 2018 - By Louis Casey

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.01, from 0.81 in 2017Q2. It fall, as 83 investors sold Dick's Sporting Goods, Inc. shares while 103 reduced holdings. 47 funds opened positions while 102 raised stakes. 75.65 million shares or 8.17% less from 82.39 million shares in 2017Q2 were reported.
22,600 are owned by Louisiana State Employees Retirement System. 170,248 are owned by New York State Teachers Retirement Systems. Jacobs Levy Equity Inc invested in 94,820 shares or 0.05% of the stock. Koch Indus has invested 0.1% in Dick's Sporting Goods, Inc. (NYSE:DKS). Guggenheim Capital Llc reported 244,161 shares stake. National Bank & Trust Of Montreal Can holds 0% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS) for 94,038 shares. Beck Capital Management Ltd Limited Liability Company owns 7,900 shares or 0.1% of their US portfolio. Franklin Res Inc has 0% invested in Dick's Sporting Goods, Inc. (NYSE:DKS). Alpha Windward Limited Liability Company owns 970 shares. 243,872 are owned by Apg Asset Mngmt Nv. Dekabank Deutsche Girozentrale holds 0% or 5,808 shares in its portfolio. Manufacturers Life Ins Commerce The accumulated 125,402 shares or 0% of the stock. Dreman Value Management L L C holds 0.01% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS) for 459 shares. North Star Investment Management owns 0% invested in Dick's Sporting Goods, Inc. (NYSE:DKS) for 550 shares. Asset Management One invested in 185,890 shares or 0.01% of the stock.

The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) is a huge mover today! The stock increased 5.14% or $1.69 during the last trading session, reaching $34.57. About 11.69M shares traded or 251.10% up from the average. Dick's Sporting Goods, Inc. (NYSE:DKS) has declined 1.35% since March 14, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.
The move comes after 5 months positive chart setup for the $3.71 billion company. It was reported on Mar, 14 by Barchart.com. We have $36.64 PT which if reached, will make NYSE:DKS worth $222.78M more.

Dick's Sporting Goods, Inc. (NYSE:DKS) Ratings Coverage

Among 36 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 have Buy rating, 2 Sell and 18 Hold. Therefore 44% are positive. Dick’s Sporting Goods Inc. had 144 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, August 15. RBC Capital Markets maintained Dick's Sporting Goods, Inc. (NYSE:DKS) rating on Wednesday, November 18. RBC Capital Markets has “Sector Perform” rating and $45 target. Goldman Sachs upgraded the shares of DKS in report on Monday, January 30 to “Buy” rating. Cowen & Co maintained Dick's Sporting Goods, Inc. (NYSE:DKS) rating on Tuesday, August 15. Cowen & Co has “Buy” rating and $31.0 target. Credit Suisse maintained the shares of DKS in report on Thursday, June 29 with “Hold” rating. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Equal-Weight” rating given on Friday, May 20 by Morgan Stanley. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, January 2 report. The stock has “Strong-Buy” rating by Vetr on Wednesday, September 2. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, August 15 report. The rating was initiated by B. Riley & Co with “Neutral” on Friday, December 18.

More notable recent Dick's Sporting Goods, Inc. (NYSE:DKS) news were published by: Nasdaq.com which released: “DICK’S Sporting (DKS) Q4 Mixed: Earnings Beat but Sales Lag” on March 14, 2018, also Seekingalpha.com with their article: “Comparable sales fall at Dick’s Sporting Goods” published on March 13, 2018, Marketwatch.com published: “Dick’s Sporting Goods to ban sales of assault rifles, guns to anyone younger …” on February 28, 2018. More interesting news about Dick's Sporting Goods, Inc. (NYSE:DKS) were released by: Usatoday.com and their article: “Here’s what Dick’s Sporting Goods CEO Ed Stack wrote about his company’s actions” published on February 28, 2018 as well as Prnewswire.com‘s news article titled: “DICK’S Sporting Goods Announces Grand Opening of Four New Stores in Three States” with publication date: February 27, 2018.

Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company has market cap of $3.71 billion. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It has a 11.49 P/E ratio. The firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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