Dick's Sporting Goods slides as it warns on margins

DICK'S Sporting Goods Logo

The fund owned 243,872 shares of the sporting goods retailer's stock after selling 71,000 shares during the quarter. The value of the investment in DKS decreased from $7,155,000 to $4,678,000 a change of $2,477,000 since the last quarter.

Traders are feeling more bearish on shares of the company recently if you evaluate the uptick in short interest. Manning & Napier Advisors LLC grew its stake by buying 45,745 shares an increase of 34.4% in the quarter. Following the completion of the transaction, the director now directly owns 323,224 shares of the company's stock, valued at approximately $8,484,630.

Guidance - Finally, guidance proved to be yet another bit of positive news for Dicks Sporting Goods. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Dick's Sporting Goods by 6.6% during the 1st quarter. American International Group Inc owns 173,186 shares worth $4,678,000.

A number of research analysts recently issued reports on DKS shares. Buckingham Research started coverage on shares of Dick's Sporting Goods in a research report on Monday, July 17th. They set a "buy" rating and a $45.00 target price for the company. Credit Suisse Group set a $44.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a report on Monday, August 7th. It has been assigned a low target price of $23 and a high target price of $39.

Lebron James: "Deshaun Watson should be a Brown"
The Cleveland Browns had three first-round picks in the 2017 NFL Draft, but they chose to use none of them on a quarterback. Cleveland, however, opted to trade that pick to the Houston Texans , who selected Watson in the spot instead.

Another Body Found in Tampa Neighborhood Where 3 Were Killed
The most recent death is being treated as related to the other three murders, which remain unsolved, police said. Police have released video of a person of interest running during the night of the first murder.

Going vegetarian slashes the risk of heart failure by 42%, study reveals
The research was presented at the American Heart Association's Scientific Sessions 2017, in California. A new research adds to the multiple benefits of coffee consumption, making all coffee lovers happy.

Equity analyst Susquehanna Bancshares lowered the price target on November 10 changing the forecast from $30.00 to $27.00 and issued a "Neutral" rating. Investment Counselors of Maryland LLC raised its stake in Dick's Sporting Goods by 1.1% during the second quarter. November 2 investment analysts at BMO Capital Markets maintained a company rating of "Buy" projecting a price of $37.00. Dick's Sporting Goods has a consensus rating of "Hold" and a consensus target price of $36.12.

In related news, Director William J. Colombo acquired 20,000 shares of the business's stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, with a total value of $525,000.00. The company's earnings per diluted share guidance is not dependent upon share repurchases beyond the $242 million executed through the third quarter of fiscal 2017. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. However, the company beat expectations, announcing earnings in the amount of $0.35 per share.

TJX (TJX) missed revenue views, Dick's Sporting Goods (DKS) warned on 2018 earnings, while Advance Auto Parts (AAP) turned in mixed results Tuesday. "As expected, margins were under pressure in this highly promotional environment, but our strategy for this environment enabled us to continue to capture market share", said Edward Stack, chairman and chief executive officer of Dick's sporting Goods.

The company is now down since yesterday's close of 26.85. The value of the investment in (DKS) decreased from $5,297,000 to $4,828,000 a change of $469,000 since the last quarter. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Dick's Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. As we look to the fourth quarter, we are comfortable with our prior implied sales and earnings outlook, and believe we are well positioned to gain additional market share. At the moment, analysts are only expecting for the company to generate earnings in the amount of $1.10 per share.

Related:

Comments

Latest news

Tennessee State football player sucker punches coach
Lee was majoring in criminal justice and was named to the Ohio Valley Conference Commissioner's Honor Roll. Greenstone, the program's strength and conditioning coach, twice before Greenstone falls to the ground.

Tesla is a 'hotbed for racist behavior,' black workers say in suit
The Palo Alto-based company employs around 33,000 employees, but has so far shied away from releasing the diversity statistics. After filing a written complaint with human resources, Vaughn was sacked last month for " not having a positive attitude ".

It's possible to obtain root access on OnePlus phones without unlocking
OnePlus has been alerted to the exploit and CEO Carl Pei has confirmed that the company is looking into it. Alderson, with the help of cybersecurity experts, was able to root a OnePlus device with a few commands.

Sainsbury's share price: Group becomes fastest-growing 'Big Four' supermarket
Morrison Supermarkets PLC's (MRW.LN) market share fell to 10.4%, from 10.5%, with sales increasing by 2.1% to GBP2.71 billion. Sainsbury's is the fastest growing of the "big 4" supermarkets.

Oscar De La Hoya training for comeback fight with Conor McGregor
In an interview with Dash Radio, De La Hoya even claimed that he could knockout McGregor within two rounds. THE fight no one was asking for, could still happen.

Real Madrid lower asking price for Manchester United target Gareth Bale
Okay, he's picked up a lot of injuries but generally the Premier League is much tougher than La Liga in terms of the physicality. He bucked the trend of boring English footballers who don't fancy life outside the M25 and chose to play overseas .

Geely finalises purchase of flying vehicle maker Terrafugia
However, the company did not disclose any financial details concerning the deal, The China Daily newspaper reported today. A new research institute has already been set up, and the US-based engineering team's numbers have tripled.

Justice League's 'sexy' Amazon costumes create uproar
The most important thing is that Wonder Woman's character remains as strong and kick-ass as she was in her standalone film. Wonder Woman's costumes were designed by Lindy Hemming , while Michael Wilkinson worked on Justice League .

Fuming Cristiano Ronaldo shocks Real Madrid: SELL ME!
Reports also suggest that Real Madrid president Florentino Perez is not willing to let go Ronaldo. Ronaldo would like to leave on June 30 and has made his intentions clear to the Madrid hierarchy.

New Super Smash Bros Trademark Might Be Hinting At New SSB Game?
However, with Nintendo taking a lot of time in announcing Super Smash Bros . for the Nintendo Switch, it could mean two things. The rumors about Super Smash Bros . for Switch emerged from January 2016, when the console still had the Nintendo NX codename.

The Trump-Xi Meeting in Beijing, Very Briefly
The source told ESPN there is surveillance footage of the players shoplifting from three stores inside a high-end retail center. This source also noted that the charges against the players have been reduced and their case is proceeding toward a resolution.

Euro zone growth, eclipsing U.S. economy, set to be best in decade
At 4.30 am ET, the Office for National Statistics is slated to issue United Kingdom consumer and producer prices for October. The locomotive of the euro-zone released the data earlier and it came out at 0.8%, well above expectations.

Land Encroachment Case: Kerala HC rejects Thomas Chandy's plea
Chandy had also allegedly encroached on the backwaters to construct a parking space for the resort, according to the collector's report.

BrahMos Supersonic Missile to be Fired From Sukhoi-30MKI This Week
The Army, Navy and IAF have shown their preference for BrahMos and have placed orders worth Rs 27,150 crore for the missile. As per sources, the defence ministry has planned to test-fire the impactful missile over the Bay of Bengal later this week.

New discovery shows our prehistoric ancestors were making wine 8000 years ago
The jars were most likely for storing wine in these areas as they depicted images of grape clusters and a man dancing. This finding makes it the oldest know evidence of wine-making in the world, at 6000 BC in the Neolithic period.

Other news