Published: Thu, May 18, 2017
Money | By Armando Alvarado

Dick's Sporting Goods cutting 160 jobs in Pi... 10:00 am Wed

Dick's Sporting Goods cutting 160 jobs in Pi... 10:00 am Wed

In the past three months the stock value plunged -31.34%.

DKS has been the subject of a number of recent analyst reports. Ameriprise Financial Inc. boosted its stake in shares of Dicks Sporting Goods by 13.4% in the first quarter. Riverhead Capital Management LLC raised its stake in shares of Dicks Sporting Goods by 754.0% in the third quarter. Denver Investment Advisors LLC now owns 31,777 shares of the sporting goods retailer's stock valued at $1,546,000 after buying an additional 14,257 shares during the period. (NYSE:DKS) market capitalization at present is $4.88B at the rate of $41.04 a share.

Elbit Systems Ltd (ESLT), the Israel-based aviation and homeland security technology provider said revenues in the first-quarter ending in March advanced 3.9% from a year ago to $749.2 million. Mckinley Carter Wealth Service holds 5,954 shares or 0.16% of its portfolio. (DKS) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Dick's Sporting Goods Inc. Given that liquidity is king in short-term, DKS is a stock with 118.96 million shares outstanding that normally trades 12.79% of its float. (DKS) has a 52-week high of $62.58 and a 52-week low of $37.50. The company has a market cap of $4.60 billion, a P/E ratio of 15.95 and a beta of 0.65.

Dick's Sporting Goods has cut 160 jobs in the Pittsburgh-area, most at its Store Support Center in nearby Findlay Township. (DKS), the leading USA based full-line omni-channel sporting goods retailer, recently stated sales and earnings results for the first quarter ended April 29, 2017. For the outlook of the current financial quarter, Analysts think the firm will post 0.40 earnings per share. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The share price was last seen -5% lower, reaching at $3.8 on May. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. The dividend is payable in cash on June 30, 2017 to stockholders of record at the close of business on June 9, 2017.

On 5/20/2016 Dicks Sporting Goods announced a quarterly dividend of $0.15 1.39% with an ex dividend date of 6/8/2016 which will be payable on 6/30/2016. Dicks Sporting Goods's dividend payout ratio (DPR) is 21.11%.

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"COPYRIGHT VIOLATION WARNING: "[[title]]" was first reported by [[site]] and is owned by of [[site]]. Technical analysis can help recognize key technical price levels in the stock. CIBC restated a "market perform" rating on shares of Dicks Sporting Goods in a research report on Tuesday, February 21st. Macquarie Research upgraded the stock to "Outperform" rating in Tuesday, January 26 report. These openings include former TSA stores that the Company plans to convert to DICK'S Sporting Goods stores. For Dick's Sporting Goods, Inc. Finally, Bank of America Corp reiterated a "buy" rating and issued a $55.00 price objective (down previously from $65.00) on shares of Dicks Sporting Goods in a research note on Wednesday. On Wednesday, March 9 the stock rating was maintained by Monness Crespi & Hardt with "Buy". (DKS) has been given an average price target of $60.07 from analysts, according to data collected by Finviz.

On 3/11/2016 Edward W Stack, CEO, sold 295,000 with an average share price of $45.71 per share and the total transaction amounting to $13,484,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Another trade for 20,000 shares valued at $974,642 was sold by CHIRICO EMANUEL. Following the completion of the sale, the director now owns 119,171 shares of the company's stock, valued at approximately $5,807,202.83. The disclosure for this sale can be found here.

The company reported an impressive total revenue of 7.92 Billion in the last fiscal year.

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.

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