Markets

Dick's Sporting Goods Stock Tanks As Q4 Revenue, Comps Miss

Dick's Sporting Goods Stock Tanks As Q4 Revenue, Comps Miss

Dicks Sporting Goods Inc (NYSE:DKS) stock was having a rough day Tuesday following the release of its earnings report for the fourth quarter of 2017.

Including the impact of the changes to firearms sales policies, the company said it now expected 2018 profit of $2.83 per share and consolidated same-store sales to be flat to a low single-digit decline.

Top line figures for the fourth quarter rose 7% to $ 2.66 billion from $ 2.48 billion in the same quarter past year, where as analysts anticipated $ 2.73 billion. The stock traded with the average Volume of 2.95 Million at the end of last session.

Shares of Dick's Sporting Goods have fallen more than 30% from a year ago. (NYSE:DKS) has declined 1.35% since March 13, 2017 and is downtrending. It has underperformed by 18.05% the S&P500. Northwestern Mutual Wealth Management invested in 3,765 shares. Exxon Mobil Corp now has $319.27 billion valuation. The stock increased 0.24% or $0.205 during the last trading session, reaching $86.345. About 2.14 million shares traded. Kimball Electronics, Inc. (NASDAQ:KE) has risen 57.46% since March 12, 2017 and is uptrending.

Citizens & Northern Corp, which manages about $131.34M US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 14,995 shares to 54,016 shares, valued at $2.06M in 2017Q3, according to the filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. M Partners downgraded the shares of DKS in report on Tuesday, August 15 to "Hold" rating. Therefore 44% are positive. (NYSE:DKS) rating on Monday, August 7. Brean Capital has "Buy" rating and $4500 target. (NYSE:DKS) on Wednesday, March 8 with "Buy" rating. The company was upgraded on Wednesday, November 15 by JP Morgan. The stock has "Neutral" rating by Jefferies on Wednesday, April 19. The rating was maintained by Citigroup with "Buy" on Wednesday, August 17. Cowen & Co maintained the stock with "Hold" rating in Friday, January 12 report. Dicks Sporting Goods's dividend payout ratio (DPR) is presently 33.21%. (NYSE:DKS) or 230 shares. On Friday, August 11 the stock rating was maintained by Susquehanna with "Buy". The firm has "Strong-Buy" rating given on Wednesday, September 2 by Vetr. (NYSE:DKS) on Friday, December 18 with "Neutral" rating.




Investors sentiment decreased to 0.8 in 2017 Q3. Its up 0.25, from 0.99 in 2017Q2. 47 funds opened positions while 102 raised stakes.

Among 36 analysts covering Dick's Sporting Goods Inc. While, the analyst predicted that the company could provide an EPS of $0.26/share. Smith Graham And Invest Lp holds 154,840 shares.

Dick's had a rough holiday quarter, at a time when many retailers saw both top-line and same-store sales growth increases. (NYSE:DKS). Stifel Fin has invested 0% of its portfolio in Dick's Sporting Goods, Inc. Schroder Investment Mgmt Gp reported 543,300 shares or 0.03% of all its holdings. Oppenheimer And Company invested in 0.11% or 156,243 shares. Fincl Counselors stated it has 0.02% in Kimball Electronics, Inc. (NYSE:DKS) for 212,746 shares. D E Shaw And Incorporated reported 0.03% stake. Finally, Arrowstreet Capital Limited Partnership boosted its position in Dicks Sporting Goods by 812.5% in the 4th quarter. (NYSE:DKS) for 103,398 shares. Therefore 55% are positive. Sirius XM Holdings had 41 analyst reports since July 29, 2015 according to SRatingsIntel. The stock now has a consensus rating of "Hold" and an average price target of $33.96.

Among 20 analysts covering Perrigo Company Plc (NYSE:PRGO), 9 have Buy rating, 0 Sell and 11 Hold. The firm has "Buy" rating given on Tuesday, October 10 by Robert W. Baird. Raymond James downgraded the stock to "Underperform" rating in Wednesday, November 18 report. BMO Capital Markets set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a "buy" rating in a research report on Thursday, January 11th. 12,000 shares were sold by Chapman Neil A, worth $996,628. HAYS ED sold $4.01 million worth of stock or 84,400 shares. It improved, as 60 investors sold APA shares while 202 reduced holdings. Milton Bryan W sold $606,082 worth of stock or 7,281 shares. Its down 0.14, from 1.07 in 2017Q2.

Want to see what other hedge funds are holding DKS? Ancora Limited Liability invested in 147,691 shares. South State invested in 1.21% or 132,040 shares. Finally, Asset Management One Co. (NASDAQ:KE). Legal General Public Lc owns 6,551 shares or 0% of their U.S. portfolio. This represents a $0.90 annualized dividend and a yield of 2.82%. 61,609 are held by Commercial Bank Of The Ozarks. Tiaa Cref Investment Management Ltd Liability Corporation has 0.01% invested in PolyOne Corporation (NYSE:POL). Winslow Evans & Crocker invested in 0.38% or 25,288 shares. Renaissance Technologies Ltd holds 307,575 shares or 0.01% of its portfolio.

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