Economy

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

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

Other institutional investors have also recently bought and sold shares of the company.

Dick's Sporting Goods (DKS) topped Street forecasts for sales and profits, however, the sporting goods retailer said 2018 earnings could decline as much as 20%.

E-commerce sales for the third quarter of 2017 jumped about 16%, with online sales representing about 10.3% of total net sales. Lsv Asset Management claims 294,484 shares with a value of $7,954,000. Sciencast Management LP acquired a new position in Dick's Sporting Goods in the 2nd quarter worth approximately $299,000. Investment Counselors of Maryland LLC raised its stake in Dick's Sporting Goods by 1.1% during the second quarter. Corporate insiders own 23.09% of the company's stock. Finally, Diversified Investment Strategies LLC boosted its stake in Dick's Sporting Goods by 11.0% in the 2nd quarter. The volume of CAH witnessed a shift from 5.4 million shares, based on a 50-day average, to 2.61 million shares.

DKS stock was down 5% as of noon Tuesday and is down 53% year-to-date. The shares were acquired at an average cost of $26.25 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. (NYSE:DKS) traded down -1.97% in the last session while performance was up 26.32% in the last five days.

Based on an estimated 107 to 108 million diluted shares outstanding, the company now anticipates reporting earnings per diluted share in the range of $2.95 to 3.07, which includes approximately $0.05 per diluted share for the 53rd week. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%.

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Revenues rose 7.4% from past year to $1.94 billion, also beating analysts' view for $1.9 billion. The company reported an EPS of $0.30, but decreasing from $0.48 the previous year, and beating analysts' estimates by $0.04.

Based on an estimated 105 million diluted shares outstanding, the company now anticipates reporting earnings per diluted share in the range of $1.05 to 1.17, which includes approximately $0.05 per diluted share for the 53rd week. 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. Dick's Sporting Goods's dividend payout ratio (DPR) is now 24.29%.

DKS has been the topic of several recent analyst reports.

A few analysts have released ratings on DKS. ValuEngine lowered shares of Dick's Sporting Goods from a "buy" rating to a "hold" rating in a report on Friday, September 1st. If the published price targets set by Cardinal Health, Inc. analysts have any power to influence the stock's share price, the highest price target set for CAH is $84. Canaccord Genuity reiterated a "buy" rating and issued a $52.00 target price on shares of Dick's Sporting Goods in a research report on Friday, July 21st.


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