Dicks Sporting Goods (DKS) Posts Quarterly Results
Dicks Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02, AmericanBankingNews.com reports. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion.
A number of research firms have recently commented on DKS. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock. On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.19.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 43.51 on Tuesday. Dicks Sporting Goods has a 1-year low of $41.30 and a 1-year high of $58.87. The stock has a 50-day moving average of $44.02 and a 200-day moving average of $49.11. The company has a market cap of $5.336 billion and a P/E ratio of 15.67. Dicks Sporting Goods also was the target of some unusual options trading on Monday. Investors purchased 6,443 put options on the company. This represents an increase of 781% compared to the average volume of 731 put options.
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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