Dicks Sporting Goods (DKS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Dicks Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.03, Analyst RN reports. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 53.16 on Tuesday. Dicks Sporting Goods has a 52 week low of $45.67 and a 52 week high of $58.87. The stock has a 50-day moving average of $52.77 and a 200-day moving average of $54.24. The company has a market cap of $6.584 billion and a P/E ratio of 19.17. Dicks Sporting Goods also was the target of unusually large options trading on Monday. Stock investors purchased 13,017 call options on the company. This is an increase of approximately 787% compared to the typical daily volume of 1,467 call options.
DKS has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Dicks Sporting Goods in a research note on Wednesday, May 14th. They set a “buy” rating and a $65.00 price target on the stock. On the ratings front, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. They now have a $66.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Dicks Sporting Goods presently has an average rating of “Buy” and an average price target of $59.16.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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