Brandes Investment Partners LP Boosted Cardinal Health (CAH) Position; Dicks Sporting Goods (DKS) Sentiment Is 0.71

March 22, 2018 - By Dolores Ford

Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company has market cap of $3.52 billion. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It has a 10.88 P/E ratio. The firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Brandes Investment Partners Lp increased Cardinal Health Inc (CAH) stake by 2109.26% reported in 2017Q3 SEC filing. Brandes Investment Partners Lp acquired 666,927 shares as Cardinal Health Inc (CAH)’s stock declined 8.93%. The Brandes Investment Partners Lp holds 698,546 shares with $46.75M value, up from 31,619 last quarter. Cardinal Health Inc now has $20.09B valuation. The stock decreased 2.83% or $1.86 during the last trading session, reaching $63.83. About 1.69M shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since March 22, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Okumus Fund Management Ltd. holds 10.96% of its portfolio in Dick's Sporting Goods, Inc. for 1.72 million shares. Tensile Capital Management Llc owns 818,178 shares or 4.2% of their US portfolio. Moreover, Hhr Asset Management Llc has 3.95% invested in the company for 2.81 million shares. The Louisiana-based Diversified Investment Strategies Llc has invested 3.2% in the stock. Armistice Capital Llc, a New York-based fund reported 500,000 shares.

Ratings analysis reveals 67% of Dick’s Sporting Goods’s analysts are positive. Out of 6 Wall Street analysts rating Dick’s Sporting Goods, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $65.0 while the high is $69.0. The stock’s average target of $67.33 is 105.65% above today’s ($32.74) share price. DKS was included in 6 notes of analysts from September 21, 2016. The firm has “Buy” rating given on Monday, January 30 by Goldman Sachs. The rating was initiated by Guggenheim with “Neutral” on Wednesday, September 21. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 16. UBS maintained Dick's Sporting Goods, Inc. (NYSE:DKS) on Friday, December 9 with “Buy” rating. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Perform” rating by Oppenheimer on Tuesday, February 21. The firm has “Outperform” rating given on Wednesday, November 2 by Wedbush.

The stock decreased 3.54% or $1.2 during the last trading session, reaching $32.74. About 3.08M shares traded. Dick's Sporting Goods, Inc. (DKS) has declined 1.35% since March 22, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Brandes Investment Partners Lp decreased Orange (NYSE:ORAN) stake by 1.47M shares to 2.03 million valued at $33.33M in 2017Q3. It also reduced Posco (NYSE:PKX) stake by 483,077 shares and now owns 453,392 shares. Hsbc Hldgs Plc (NYSE:HSBC) was reduced too.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.15, from 0.9 in 2017Q2. It worsened, as 63 investors sold CAH shares while 229 reduced holdings. 64 funds opened positions while 198 raised stakes. 275.05 million shares or 0.51% more from 273.65 million shares in 2017Q2 were reported. American Intl Grp stated it has 0.03% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Spectrum Mgmt Group accumulated 2 shares or 0% of the stock. Manning & Napier Lc holds 63,515 shares. Park Natl Corporation Oh, a Ohio-based fund reported 5,863 shares. Kwmg Llc holds 22,389 shares. Usca Ria Limited Liability Company accumulated 35,003 shares or 0.35% of the stock. Prudential Pcl holds 4,900 shares or 0% of its portfolio. First Fincl Corp In has invested 0.04% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Oregon Pub Employees Retirement Fund holds 0.1% or 93,559 shares in its portfolio. Regions Financial stated it has 0.04% of its portfolio in Cardinal Health, Inc. (NYSE:CAH). Parsec Mgmt Inc accumulated 1.08% or 221,903 shares. Camelot Portfolios Limited Liability Corp holds 0.14% or 4,250 shares in its portfolio. Moreover, Parsons Cap Mgmt Ri has 0.03% invested in Cardinal Health, Inc. (NYSE:CAH). Pictet Asset Mngmt Ltd has invested 0.05% in Cardinal Health, Inc. (NYSE:CAH). Paloma Prns Management owns 128,314 shares or 0.12% of their US portfolio.

Since January 22, 2018, it had 0 insider buys, and 3 insider sales for $3.82 million activity. $1.37M worth of Cardinal Health, Inc. (NYSE:CAH) was sold by Kaufmann Michael C on Monday, January 22. MORRISON PATRICIA sold 28,532 shares worth $1.89 million. 7,995 Cardinal Health, Inc. (NYSE:CAH) shares with value of $549,924 were sold by Giacomin Jon L.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Cardinal Health had 50 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of CAH in report on Thursday, February 8 with “Hold” rating. On Thursday, April 6 the stock rating was upgraded by Evercore to “Outperform”. Jefferies maintained the stock with “Hold” rating in Friday, February 9 report. The rating was maintained by Credit Suisse with “Buy” on Thursday, July 13. The rating was downgraded by Morgan Stanley on Monday, November 20 to “Underweight”. Jefferies maintained the shares of CAH in report on Tuesday, October 3 with “Hold” rating. The firm earned “Market Perform” rating on Wednesday, January 6 by Raymond James. The company was downgraded on Wednesday, November 15 by Argus Research. The company was maintained on Thursday, August 3 by Credit Suisse. UBS maintained Cardinal Health, Inc. (NYSE:CAH) on Tuesday, November 3 with “Buy” rating.

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