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Dick's Sporting Goods Inc (DKS) Stake Increased by Dimensional Fund Advisors Lp

14 November 2017

During the same period previous year, the business earned $0.82 EPS. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/14/dicks-sporting-goods-inc-dks-pt-set-at-27-00-by-canaccord-genuity.html.

Several firms have shifted positions in (DKS).

(NYSE:DKS) reported third-quarter earnings and revenue that beat estimates, but the sporting goods retailer warned 2018 profit could drop by as much as 20%.

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Dick's shares have plummeted 54 percent this year now. Finally, OTR Global cut shares of Dick's Sporting Goods to a "positive" rating in a report on Wednesday, August 9th.

November 3 investment analysts at Cowen and Company maintained a company rating of "Hold" with a current price target of $28.00. Dick's Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $36.12. In particular, we're interested in following the company's efforts to tackle a larger percentage of the market share in the promotional environment while staking claim to a stronger eCommerce presence. It is now expecting earnings per share for 2017 to range from $2.92 to 3.04. The stock's 10-day put/call volume ratio of 1.09 ranks higher than 71% of all comparable readings taken in the past year, meaning puts have been bought to open over calls at a faster-than-usual clip. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. The dividend is payable in cash on December 29, 2017 to stockholders of record at the close of business on December 8, 2017.

On November 9, 2017, the company's Board of Directors authorized and declared a quarterly dividend in the amount of $0.17 per share on the company's Common Stock and Class B Common Stock. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. These openings include former TSA and Golfsmith stores that the company converted to Dick's Sporting Goods and Golf Galaxy stores, respectively. Following the completion of the purchase, the director now directly owns 323,224 shares of the company's stock, valued at $8,484,630. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Sciencast Management LP acquired a new position in Dick's Sporting Goods in the 2nd quarter worth approximately $299,000. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. US Bancorp DE grew its position in Dick's Sporting Goods by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer's stock worth $694,000 after purchasing an additional 241 shares during the period.

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The sporting retailer reported $1.94 billion in revenue, increasing 7.4 percent year over year, and beating analysts' estimates by $60 million. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer's stock worth $14,253,000 after purchasing an additional 18,198 shares during the period. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer's stock worth $457,000 after purchasing an additional 300 shares during the period. Institutional investors own 75.92% of the company's stock.

Dick's Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. Meaningful investments will also be made to DICK'S Team Sports HQ, and in the development and support of our private brands.

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Dick's Sporting Goods Inc (DKS) Stake Increased by Dimensional Fund Advisors Lp