Under Armour Woes Drag Down Dick's Sales

Eileen GuzmanMar 15, 2018

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 2.71%, and has a solid year to date (YTD) performance of 13.29% which means that the stock is constantly adding to its value from the previous fiscal year end price. It dived, as 57 investors sold XOM shares while 806 reduced holdings.

The sporting goods chain, which reported poor holiday sales, flagged "significant weakness in the Under Armour brand" and declining sales in its hunting division for its weaker-than-expected quarter ended February 3. Beginning with the first quarter, Dick's said it will no longer provide a quarterly outlook. According to today's trading volume Dick's Sporting Goods Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Andra AP fonden now owns 88,900 shares of the sporting goods retailer's stock valued at $2,401,000 after acquiring an additional 18,000 shares during the last quarter. B & T Capital Management Dba Alpha Capital Management bought 12,747 shares as the company's stock rose 1.55% with the market.

The counter witnessed a trading volume of 4.23 million shares versus an average volume of 7.39 million shares during last trading session. This is an increase over its revenue of $2.48 billion from the fourth quarter of 2016. Other retailers followed suit, including Walmart, which also raised its minimum age rules for firearms. Canada Pension Plan Investment Board lifted its stake in Dicks Sporting Goods by 904.3% in the third quarter. Dimensional Fund Advisors LP lifted its position in Dicks Sporting Goods by 58.9% during the 3rd quarter.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

The highest price DKS stock touched in the last 12 month was $52.31 and the lowest price it hit in the same period was $23.88. Almost 7.12 million shares were traded by the close, higher than its average daily volume of 2.95 million shares. The debt ratio of DKS is 0.28 compared to 1.45 for VKTX. The stock has a market cap of $3,530.00, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.87 and a beta of 0.56.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 13th.

In its most recent earnings call on Tuesday, Dick's Sporting Goods specifically called out Under Armour as a brand with "significant weakness". The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.73 billion. Dicks Sporting Goods's quarterly revenue was up 6.5% compared to the same quarter past year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, March 8th. Dicks Sporting Goods's payout ratio is now 33.21%.

Several research firms have issued reports on DKS.

Following the announcement, Dick's Sporting Goods stock was down 8% in early trading on Tuesday. The shares now trade at $6.05 and have been able to report a change of -5.76% over the past one week. About 14.79M shares traded or 391.02% up from the average.

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