(NYSE:DKS) by 37.5% during the third quarter, Holdings Channel reports. Short interest grew 60,535 over that period.
Dick's Sporting Goods, Inc.
A number of other brokerages have also recently issued reports on DKS.
In the market the company is trading down since yesterday's close of 26.85. Teachers Advisors LLC lifted its stake in Dick's Sporting Goods by 18.0% in the first quarter. Pictet Asset Management Ltd. raised its position in Dick's Sporting Goods by 0.6% in 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 in the last quarter. Finally, Creative Planning lifted its stake in Dick's Sporting Goods by 72.2% in the second quarter.
Dicks Sporting Goods Inc (NYSE:DKS) early Tuesday posted market-beating third quarter earnings results but offered a tepid profit outlook for 2018, and shares were falling in premarket trading as a result. Northern Trust Corp lifted its position in Dick's Sporting Goods by 54.6% in the second quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer's stock valued at $42,600,000 after buying an additional 39,248 shares during the last quarter.
Other large investors have also modified their holdings of the company. Regardless of where Dick's Sporting Goods settles the week, the most these put buyers stand to lose is the initial premium paid. While the stock price moved along with the volume change, shares are touching $25.07 at the time of writing. The company has a 50-day moving average of $56.19 and a 200 day moving average of $56.08. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/14/oppenheimer-holdings-weighs-in-on-dicks-sporting-goods-incs-q3-2018-earnings-dks.html. The sporting goods retailer reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.90 billion. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm's revenue was up 10.2% on a year-over-year basis. During the same quarter past year, the firm earned $0.48 EPS.
Oppenheimer & Co Inc downsized its holdings by selling 40,228 shares a decrease of 20.5%. 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. Shareholders of record on Friday, December 8th will be given a $0.17 dividend. 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%. 1 analysts gave its stock an Outperform rating.
On October 11, 2017 Wells Fargo & Company released a research note on DKS stating a rating of "Hold" and price target of $29.00. Dick's Sporting Goods now has an average rating of "Hold" and a consensus target price of $36.12. OTR Global lowered shares of Dick's Sporting Goods to a "neutral" rating in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have assigned a buy rating to the company. The stock now has an average rating of Hold and an average price target of $36.12.
In related news, Director William J. Colombo acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd. The stock is now moving above its 20-Day Simple Moving Average of 2.69% with a 50-Day Simple Moving Average of -0.53 percent. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. According to their observations and findings, the stock could provide a high EPS of $0.29/share and a low EPS of $0.22/share. Following the completion of the transaction, the director now owns 323,224 shares of the company's stock, valued at $8,484,630. The disclosure for this sale can be found here. Corporate insiders own 23.09% of the company's stock. 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.