As Dicks Sporting Goods (DKS) Market Value Declined, Tributary Capital Management Has Cut Its Holding; Frontier Capital Management Co Has Trimmed Its Cdk Global (CDK) Position by $47.49 Million as Share Price Declined

January 17, 2018 - By Ellis Scott

Frontier Capital Management Co Llc decreased its stake in Cdk Global Inc (CDK) by 34.8% based on its latest 2017Q3 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 753,756 shares as the company’s stock declined 6.12% while stock markets rallied. The institutional investor held 1.41 million shares of the miscellaneous company at the end of 2017Q3, valued at $89.10 million, down from 2.17M at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Cdk Global Inc for a number of months, seems to be less bullish one the $10.12B market cap company. The stock decreased 1.35% or $1.01 during the last trading session, reaching $73.56. About 594,724 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 18.92% since January 17, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

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 $3.55B market cap company. The stock increased 2.13% or $0.69 during the last trading session, reaching $33.02. About 2.27 million shares traded. Dick's Sporting Goods, Inc. (NYSE:DKS) has declined 1.35% since January 17, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Tributary Capital Management Llc, which manages about $1.03 billion and $1.16B US Long portfolio, upped its stake in Expedia Inc (NASDAQ:EXPE) by 8,000 shares to 13,500 shares, valued at $1.94M in 2017Q3, according to the filing. It also increased its holding in Sensient Technologies Corp (NYSE:SXT) by 23,809 shares in the quarter, for a total of 238,051 shares, and has risen its stake in Pure Storage Inc Cl A.

Among 36 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 13 have Buy rating, 1 Sell and 22 Hold. Therefore 36% are positive. Dick’s Sporting Goods Inc. had 136 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 9 by Stifel Nicolaus. Canaccord Genuity maintained Dick's Sporting Goods, Inc. (NYSE:DKS) rating on Wednesday, October 18. Canaccord Genuity has “Hold” rating and $27.0 target. Monness Crespi & Hardt maintained Dick's Sporting Goods, Inc. (NYSE:DKS) on Wednesday, March 9 with “Buy” rating. RBC Capital Markets maintained Dick's Sporting Goods, Inc. (NYSE:DKS) on Thursday, August 3 with “Buy” rating. The firm earned “Buy” rating on Friday, June 30 by Canaccord Genuity. The stock of Dick's Sporting Goods, Inc. (NYSE:DKS) has “Outperform” rating given on Wednesday, August 16 by BMO Capital Markets. On Wednesday, November 18 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by RBC Capital Markets on Friday, September 8 with “Hold”. The rating was downgraded by Goldman Sachs to “Hold” on Wednesday, August 16. Citigroup maintained the stock with “Neutral” rating in Thursday, November 16 report.

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 $125.68M for 7.06 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.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.01, from 0.81 in 2017Q2. It is negative, 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. Broadview Advsr Ltd Liability Corp reported 225,300 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 11,198 shares. Wesbanco Retail Bank Inc stated it has 0.03% in Dick's Sporting Goods, Inc. (NYSE:DKS). Schwab Charles Inv owns 438,022 shares. Fny Managed Accounts Limited Liability Corporation invested 0.13% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS). Huntington Bancorporation has 1,300 shares. North Star Management Corporation, a Illinois-based fund reported 550 shares. Canada Pension Plan Board owns 305,300 shares. Nomura Hldg, Japan-based fund reported 13,341 shares. Natixis invested in 0% or 7,508 shares. 6.65M are owned by Vanguard Grp. State Board Of Administration Of Florida Retirement Sys owns 136,736 shares for 0.01% of their portfolio. State Treasurer State Of Michigan holds 0.01% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS) for 31,800 shares. Ellington holds 0.15% in Dick's Sporting Goods, Inc. (NYSE:DKS) or 31,500 shares. Spark Investment Management Ltd Liability reported 85,200 shares stake.

Frontier Capital Management Co Llc, which manages about $13.86 billion US Long portfolio, upped its stake in Expedia Inc. (NASDAQ:EXPE) by 10,186 shares to 753,889 shares, valued at $108.52M in 2017Q3, according to the filing. It also increased its holding in Del Taco Restaurants Inc. by 40,230 shares in the quarter, for a total of 1.89 million shares, and has risen its stake in Sei Investments Company (NASDAQ:SEIC).

Analysts await CDK Global, Inc. (NASDAQ:CDK) to report earnings on February, 1. They expect $0.70 EPS, up 9.37% or $0.06 from last year’s $0.64 per share. CDK’s profit will be $96.27M for 26.27 P/E if the $0.70 EPS becomes a reality. After $0.68 actual EPS reported by CDK Global, Inc. for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

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