The shares have been rated as hold from 14 Wall Street Analysts. The company has received recommendation from many analysts.
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Shares of Dick’s Sporting Goods (DKS – Get Report) are gaining by 3.55% to $52.50 in early morning trading on Tuesday, following the release of the company’s quarterly earnings results before the market open today. The current rating of the shares is Market Perform.
The company surpassed its May forecast for $0.73 to $0.76 per share. Before the actual earnings report, the standard deviation for the earnings per share estimates was 0.02. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $61.00 target price on shares of Dicks Sporting Goods in a report on Wednesday, May 20th.
Analysts are looking for $3.19 per share for the fiscal year. The stock ended up at $50.7. The heightened volatility saw the trading volume jump to 60,983 shares. The 1-year stock price history is in the range of $41.56 – $60.33.
The company has also said it hopes to grow e-commerce revenue to between $1 billion and $1.2 billion in fiscal 2017, up from $628 million in 2014.
Same-store sales for Dick’s Sporting Goods increased 1.5%, while Golf Galaxy dipped 2.9%. DKS stock price has outperformed the S&P 500 by 0.7%. Dick’s had gained 2.1 percent this year through Monday.
Last year, the company reported earnings of 57 cents per share on revenue of $1.69 billion for the 2014 second quarter. The total amount of the transaction was worth $784,925, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Wolfe Research initiated coverage on shares of Dicks Sporting Goods in a report on Tuesday, June 9th. The Company also owns and operates Golf Galaxy, LLC, a golf specialty retailer.
During the quarter, the company opened 7 new Dick’s Sporting Goods stores, one new Field & Stream location and closed three Golf Galaxy sites. In addition the Company operates eCommerce operations for both Dicks and Golf Galaxy.
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DICK’s Sporting Goods, Inc.is an omni-channel sporting goods retailer offering an array of sports equipment, apparel, footwear and accessories. The merchandise it carries includes one or more of the manufacturers in each category and includes brands, such as adidas, Callaway Golf, Columbia, Nike, Remington, TaylorMade-adidas Golf, The North Face, Under Armour and Wilson.
