The stock of Dicks Sporting Goods Inc (NYSE:DKS) reached all time high today, Nov, 14 and still has $102.35 target or 67.00% above today’s $61.29 share price. This indicates more upside for the $6.94 billion company. This technical setup was reported by Barchart.com. If the $102.35 PT is reached, the company will be worth $4.65B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 3.53 million shares traded hands or 122.01% up from the average. Dicks Sporting Goods Inc (NYSE:DKS) has risen 33.90% since April 12, 2016 and is uptrending. It has outperformed by 28.92% the S&P500.
Analysts await Dicks Sporting Goods Inc (NYSE:DKS) to report earnings on November, 15. They expect $0.41 EPS, down 8.89% or $0.04 from last year’s $0.45 per share. DKS’s profit will be $46.43M for 37.37 P/E if the $0.41 EPS becomes a reality. After $0.82 actual EPS reported by Dicks Sporting Goods Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
Dicks Sporting Goods Inc (NYSE:DKS) Ratings Coverage
Out of 24 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. Dick’s Sporting Goods Inc. has been the topic of 64 analyst reports since July 27, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained Dicks Sporting Goods Inc (NYSE:DKS) rating on Wednesday, August 17. BMO Capital Markets has “Outperform” rating and $65 price target. RBC Capital Markets maintained it with “Sector Perform” rating and $42 target price in Wednesday, March 9 report. Susquehanna initiated the stock with “Positive” rating in Friday, August 12 report. The rating was initiated by Guggenheim with “Neutral” on Wednesday, September 21. The rating was initiated by Barclays Capital with “Equal-Weight” on Wednesday, November 4. The firm has “Neutral” rating by SunTrust given on Thursday, August 20. Barclays Capital maintained Dicks Sporting Goods Inc (NYSE:DKS) on Wednesday, August 17 with “Equal-Weight” rating. The rating was upgraded by Zacks on Wednesday, August 12 to “Sell”. UBS maintained the shares of DKS in a report on Wednesday, November 18 with “Buy” rating. Citigroup maintained Dicks Sporting Goods Inc (NYSE:DKS) rating on Tuesday, August 2. Citigroup has “Buy” rating and $58 price target.
According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.15, from 0.89 in 2016Q1. The ratio increased, as 53 funds sold all Dicks Sporting Goods Inc shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.
Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 46,330 shares. Reinhart Partners holds 2.22% or 492,258 shares in its portfolio. Glenmede Tru Na last reported 42,009 shares in the company. Franklin Res Incorporated owns 1.09M shares or 0.03% of their US portfolio. Mufg Americas Hldgs Corp last reported 0% of its portfolio in the stock. Tompkins Corp has invested 0% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Stifel Financial Corp has invested 0% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Marshall Wace Llp last reported 0.08% of its portfolio in the stock. Blackrock Institutional Tru Na accumulated 0.02% or 2.82M shares. Life Trust holds 985 shares or 0.21% of its portfolio. Retail Bank Of Montreal Can reported 18,554 shares or 0% of all its holdings. Delta Lloyd Nv last reported 14,437 shares in the company. Tributary Cap Limited Liability Corp last reported 0.24% of its portfolio in the stock. Nomura Asset Ltd holds 0.01% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 10,460 shares. Shinko Asset Mngmt Commerce Ltd has 278 shares for 0% of their US portfolio.
Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 1 sale for $2.16 million net activity. Shares for $2.16 million were sold by Willoughby Michele on Tuesday, August 23.
More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Usnews.com which released: “4 Things to Know When Buying Dicks Sporting Goods Inc. Stock (DKS)” on October 21, 2016, also Prnewswire.com with their article: “DICK’S Sporting Goods Third Quarter Results Call Scheduled for November 15th” published on November 08, 2016, Businessinsider.com published: “Dick’s Sporting Goods is trying to buy bankrupt Golfsmith” on October 18, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Prnewswire.com and their article: “How These Services Stocks are Faring? — SeaWorld Entertainment, Dick’s …” published on November 14, 2016 as well as Seekingalpha.com‘s news article titled: “Dick’s Sporting Goods Making Minor Moves” with publication date: October 26, 2016.
DKS Company Profile
DICK’S Sporting Goods, Inc., incorporated 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 in the eastern United States. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. The Firm offers products to its clients through its retail stores and online.
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