Nov 15 2017 by Johnny Bowman
The TJX Cos. reported flat same-store sales in its third quarter, citing the negative impact of a series of hurricanes during the period and unseasonably warmer temperatures. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer's stock valued at $26,779,000 after purchasing an additional 602,029 shares during the last quarter. The business's revenue for the quarter was up 7.4% on a year-over-year basis. equities research analysts anticipate that Dick's Sporting Goods Inc will post 2.88 earnings per share for the current year. The company also expects to open eight new Golf Galaxy stores, relocate one Golf Galaxy store and open eight new Field & Stream stores adjacent to Dick's Sporting Goods stores. Manning & Napier Advisors LLC now owns 178,750 shares valued at $4,828,000. Pictet Asset Management Ltd. raised its position in Dick's Sporting Goods by 0.6% in the second quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer's stock valued at $8,426,000 after buying an additional 26,401 shares during the last quarter.
Further, Price to Book ratio for Dick's Sporting Goods, Inc. Renaissance Group LLC grew its position by buying 169,689 shares an increase of 30.7% from 06/30/2017 to 09/30/2017. Finally, Samlyn Capital LLC boosted its holdings in Dick's Sporting Goods by 856.5% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer's stock valued at $106,000 after acquiring an additional 1,118 shares in the last quarter. This is one of the most popular methods investors use to evaluate a company's financial performance.
TRADEMARK VIOLATION WARNING: "Oppenheimer Holdings Weighs in on Dick's Sporting Goods Inc's Q3 2018 Earnings (DKS)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes.
The company is now down since yesterday's close of 26.85. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue.
Dick's Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. Current price places the company's stock -31.45% away from its 200-day simple moving average, 1.51%, away from the 50-day average and also 5.17% away from 20-day average. The firm has a market cap of $2,936.45, a PE ratio of 8.14, a PEG ratio of 1.18 and a beta of 0.48. In the last earnings report the EPS was $2.80 with 82.49M shares outstanding. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company's quarterly EPS surprised Wall Street by as much as 9% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
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As of quarter end Oppenheimer & Co Inc had sold 40,228 shares trimming its holdings by 20.5%. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Wednesday, December 7th. Dick's Sporting Goods's payout ratio is now 24.29%.
DKS has been the subject of several recent analyst reports. They presently have a $37.00 target price on the sporting goods retailer's stock. Finally, Monness Crespi & Hardt lowered Dick's Sporting Goods from a buy rating to a neutral rating in a report on Wednesday, August 16th.
On November 3 Cowen and Company made no change to the stock rating of "Hold" projecting a price of $28.00. Dick's Sporting Goods has an average rating of "Hold" and a consensus price target of $36.12. Now (9:11), DKS is trading at $24.91 per share after a loss of $1.41 per share or 5.36% thus far today. It maintained its fiscal 2018 profit forecast at the high-end of the range of $3.91 to $3.93 per share. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The stock was sold at an average price of $58.50, for a total transaction of $877,500.00. Following the transaction, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The disclosure for this sale can be found here. Institutional investors own 75.92% of the company's stock.
Dick's Sporting Goods, Inc., launched on November 25, 1996, 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.
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