Dicks Sporting Goods Inc (DKS) Issues Q2 Earnings Guidance
Dicks Sporting Goods Inc (NYSE:DKS) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.62-0.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.82, Stock Ratings Network.com reports. Dicks Sporting Goods also updated its FY15 guidance to $2.70-2.85 EPS.
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 a related note, 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 assigned a hold rating and thirteen have given a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of Buy and a consensus target price of $59.16.
Dicks Sporting Goods Inc (NYSE:DKS) opened at 53.16 on Tuesday. Dicks Sporting Goods Inc has a one year low of $45.67 and a one year 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 recipient of some unusual options trading activity on Monday. Stock investors acquired 13,017 call options on the company. This is an increase of 787% compared to the typical daily volume of 1,467 call options.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, May 20th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Dicks Sporting Goods Inc will post $3.08 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.