Published: Wed, March 08, 2017
Markets | By Erika Turner

The Dicks Sporting Goods Inc (DKS) Stock Rating Reaffirmed by Canaccord Genuity

The Dicks Sporting Goods Inc (DKS) Stock Rating Reaffirmed by Canaccord Genuity

Big 5 Sporting Goods Corporation was founded in 1955 and is headquartered in El Segundo, California.

The sporting goods retailer unveiled disappointing full-year 2017 earnings estimates today, overshadowing better-than-expected fiscal fourth quarter financial results.

This consensus number is also derived from Zacks.

12/28/2016 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at Wedbush. Castleark Management LLC now owns 501,629 shares of the sporting goods retailer's stock worth $26,636,000 after buying an additional 397,919 shares during the period.

Over that same historical period, when shares of DKS dropped in the extended-hours in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 1.8% by the following regular session close. Independent Advisor Alliance bought a new position in Dicks Sporting Goods during the fourth quarter valued at $296,000. Same store sales for Dick's namesake brand increased 5.3%, while Golf Galaxy increased 13.2%.

In 2017, Dick's plans to open approximately 43 Dick's Sporting Goods stores, and relocate approximately seven stores. The share price is now -3.37 percent versus its SMA20, -3.6 percent versus its SMA50, and 2.17 percent versus its SMA200. (NYSE:DKS)went up 1.90% during trading on the USA exchange where it had a trading capacity of 2.32M shares. The stock's market capitalization is 5.93B, it has a 52-week low of 37.96 and a 52-week high of 62.88. (DKS) closed -0.95% below its 200-day moving average and is 0.12% above another chart threshold, its 50-day moving average. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 3.45 ranks higher than 86% of all comparable readings taken in the past year. In the current quarter, the company expects adjusted earnings of 50 cents to 55 cents a share, well below Wall Street analysts' projections for 61 cents.

12/09/2016 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at UBS. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.48 billion. EPS growth in past five years was 7.70% while EPS growth in next five years is projected to arrive at 15.00%.

The company reported its last quarter on Oct 16. Stockholders of record on Friday, March 10th will be issued a dividend of $0.17 per share.

OECD Says Global Growth To Pick Up Modestly Amid Vulnerabilities, Risks
China's growth forecast for this year was raised to 6.5 percent and for next year to 6.3 percent. The organization expects global GDP to grow by 3.3 per cent in 2017 and 3.6 per cent in 2018.

02/14/2017 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at Deutsche Bank. The ex-dividend date of this dividend is Wednesday, March 8th. Dick's Sporting Goods's payout ratio is now 21.11%.

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DKS has been the subject of several other research reports. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.

Dick's Sporting Goods, Inc. Wedbush has a "Outperform" rating and a $65.00 price objective on the stock. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Dicks Sporting Goods Inc's consensus price target is around $63.20 a share.

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 in the eastern United States.

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