Finally, Ameritas Investment Partners Inc. raised its position in shares of Dick's Sporting Goods by 88.1% in the third quarter.
Dick's Sporting Goods (dks) will dump about 20% of its vendors and stock more of its own brands as it looks to fortify itself against the market forces that killed its defunct rivals like The Sports Authority. Independent Advisor Alliance bought a new position in Dicks Sporting Goods during the fourth quarter valued at $296,000. Past 5 years growth of Dicks Sporting Goods Inc (NYSE:DKS) observed at 5.58%, and for the next five years the analysts that follow this company are expecting its growth at 12.78%. Amalgamated Bank now owns 14,554 shares of the sporting goods retailer's stock valued at $795,000 after buying an additional 3,309 shares during the period. (NYSE:DKS)went up 1.90% during trading on the USA exchange where it had a trading capacity of 2.32M shares. The stock stands almost -16.66% off versus the 52-week high and 39.06% away from the 52-week low. The company's 50 day moving average is $51.25 and its 200-day moving average is $56.06. The stock has a market capitalization of $5.75 billion, a PE ratio of 17.67 and a beta of 0.65.
Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Dick's Sporting Goods Inc. In Dicks Sporting Goods Inc (NYSE:DKS)'s last 12 earnings reports, it has beaten EPS estimates 66% of the time. Analysts polled by Thomson Reuters have a current consensus target on company stock of $15.75. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. According to their predictions High & Low revenue estimates are 2.51 Billion and 2.41 Billion respectively. The company has an average rating of "Buy" and an average target price of $61.84. Investors might also evaluate a company's PEG or price to earnings growth ratio.
The company's growth for the past 5 years has been at 5.58 percent.
The company reported its last quarter on Oct 16. DKS rose 6.3%, climbed 2.23% and sank -10.23% in the week, one month and six months, respectively. This strategy, combined with the efforts to enhance the digital capabilities, will enable the company to stay ahead of consumer trends and differentiate Dicks Sporting Goods from the competition. The ex-dividend date of this dividend is Wednesday, March 8th. Over the trailing year, the stock is underperforming the S&P 500 by 0.07, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.
This report was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was stolen and republished in violation of USA & global trademark and copyright legislation. Oppenheimer Holdings, Inc. downgraded Dicks Sporting Goods from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 21st.
Several brokerages have weighed in on DKS.
As of January 28, 2017, Dick's operated 676 Dick's Sporting Goods stores, 91 golf specialty stores and 27 Field & Stream stores. Wedbush has a "Outperform" rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company.