Dick's Sporting Goods slides as it warns on margins

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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.

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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.



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