Dicks Sporting Goods (DKS) Market Valuation Declined While Tributary Capital Management Has Cut Stake; Midas Management Has Lifted Transocean LTD (RIG) Position by $630,000; Share Value Declined

February 19, 2018 - By Nellie Frank

Tributary Capital Management Llc decreased its stake in Dicks Sporting Goods Inc (DKS) by 86.14% based on its latest 2017Q3 regulatory filing with the SEC. Tributary Capital Management Llc sold 29,200 shares as the company’s stock declined 18.06% while stock markets rallied. The institutional investor held 4,700 shares of the other specialty stores company at the end of 2017Q3, valued at $127,000, down from 33,900 at the end of the previous reported quarter. Tributary Capital Management Llc who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be less bullish one the $3.60B market cap company. The stock decreased 0.09% or $0.03 during the last trading session, reaching $33.54. About 2.68M shares traded. Dick's Sporting Goods, Inc. (NYSE:DKS) has declined 1.35% since February 19, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Midas Management Corp increased its stake in Transocean Ltd (RIG) by 25.2% based on its latest 2017Q3 regulatory filing with the SEC. Midas Management Corp bought 63,000 shares as the company’s stock declined 20.06% while stock markets rallied. The institutional investor held 313,000 shares of the oil & gas production company at the end of 2017Q3, valued at $3.37M, up from 250,000 at the end of the previous reported quarter. Midas Management Corp who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $4.16 billion market cap company. The stock decreased 1.52% or $0.14 during the last trading session, reaching $9.09. About 15.65M shares traded or 23.67% up from the average. Transocean Ltd. (NYSE:RIG) has risen 15.86% since February 19, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Tributary Capital Management Llc, which manages about $1.03 billion and $1.16B US Long portfolio, upped its stake in Argo Group International (NASDAQ:AGII) by 25,597 shares to 220,080 shares, valued at $13.54M in 2017Q3, according to the filing. It also increased its holding in Almost Family Inc (NASDAQ:AFAM) by 43,174 shares in the quarter, for a total of 246,125 shares, and has risen its stake in Inovalon Holdings Inc Cl A.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.01, from 0.81 in 2017Q2. It fall, as 83 investors sold DKS shares while 103 reduced holdings. 47 funds opened positions while 102 raised stakes. 75.65 million shares or 8.17% less from 82.39 million shares in 2017Q2 were reported. Nordea Invest Management reported 0% stake. Moreover, State Of Tennessee Treasury Department has 0.02% invested in Dick's Sporting Goods, Inc. (NYSE:DKS) for 123,098 shares. Moreover, Inv Counselors Of Maryland Llc has 0.04% invested in Dick's Sporting Goods, Inc. (NYSE:DKS). Ny State Teachers Retirement Systems owns 170,248 shares for 0.01% of their portfolio. Weaver C Barksdale & Associate holds 1,498 shares or 0.04% of its portfolio. Moreover, Numeric Limited Liability Company has 0.18% invested in Dick's Sporting Goods, Inc. (NYSE:DKS) for 852,936 shares. Nationwide Fund Advsrs holds 143,979 shares or 0.02% of its portfolio. Tudor Inv Et Al holds 0.01% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS) for 20,495 shares. 503,018 were accumulated by Voloridge Inv Ltd Co. Janney Montgomery Scott Ltd holds 0.01% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS) for 27,247 shares. Dupont Mngmt Corporation has invested 0% in Dick's Sporting Goods, Inc. (NYSE:DKS). 850 are held by First Fincl In. Chevy Chase Tru holds 55,792 shares or 0.01% of its portfolio. Teacher Retirement System Of Texas has invested 0.01% in Dick's Sporting Goods, Inc. (NYSE:DKS). Oppenheimer Asset Mngmt Inc invested in 0% or 90 shares.

Among 36 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 have Buy rating, 2 Sell and 18 Hold. Therefore 44% are positive. Dick’s Sporting Goods Inc. had 141 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Thursday, August 24. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Outperform” rating given on Wednesday, November 2 by Wedbush. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Buy” rating by Citigroup on Friday, May 20. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Buy” rating given on Thursday, August 3 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, May 16 by UBS. On Friday, August 11 the stock rating was maintained by Susquehanna with “Buy”. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Buy”. Canaccord Genuity maintained Dick's Sporting Goods, Inc. (NYSE:DKS) rating on Thursday, July 20. Canaccord Genuity has “Buy” rating and $5200 target. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) earned “Buy” rating by Canaccord Genuity on Wednesday, March 8. As per Wednesday, August 17, the company rating was maintained by Citigroup.

Analysts await Dick's Sporting Goods, Inc. (NYSE:DKS) to report earnings on March, 6. They expect $1.17 earnings per share, down 11.36% or $0.15 from last year’s $1.32 per share. DKS’s profit will be $125.65 million for 7.17 P/E if the $1.17 EPS becomes a reality. After $0.30 actual earnings per share reported by Dick's Sporting Goods, Inc. for the previous quarter, Wall Street now forecasts 290.00% EPS growth.

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