Dicks Sporting Goods Q2 Earnings Beat Estimates

Several other brokerages have also recently weighed in on DKS. The company exceeded its May forecast for 73 cents to 76 cents a share. The stock garnered a place in the hold list of 12 stock Analysts.

A recent analyst activity consisted of UBS reiterating their Buy stance on August 11.

Many analysts have commented on the company rating. The sporting- goods chain had 619 of its namesake stores at the end of the quarter, up from 574 a year earlier. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.76.

Dick’s Sporting Goods Inc (NYSE:DKS) stock is now trading 15.96% below its 52-week-high, 21.99% above its 52-week-low. On the date of report, the stock closed at $49.24. The daily volume was measured at 3,758,314 shares. Finally, RBC Capital raised their target price on Dicks Sporting Goods from $56.00 to $58.00 and gave the stock a sector perform rating in a research report on Wednesday, May 20th. Still, at current levels Dick’s valuation is overly depressed in a historical context, with the company’s 3 year median price to earnings ratio coming in at 20.01.

Dicks Sporting Goods (NYSE:DKS) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Tuesday, Analyst Ratings Network.com reports. Dicks Sporting Goods Inc. has dropped 9.7% during the last 3-month period. This is based on analysts one year projections on the stock.

Investors will be marking 2015-08-18 on their calendars as this is when Dick’s Sporting Goods Inc is slated to next issue their quarterly earnings. 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.

Dick’s is a leading sporting goods retailer that offers an assortment of authentic sports equipment, apparel, footwear and accessories. The Business also owns and operates Field Golf Galaxy & Stream and True Running Shoe specialty stores. As of May 4, 2013, the Company operated 520 DICKS Sporting Goods stores in 44 states, 81 Golf Galaxy stores in 30 states and e-Commerce Websites and catalog operations for both DICKS Sporting Goods and Golf Galaxy. To management’s credit the company operates with respectable efficiency metrics, with both the company’s TTM operating margin of 7.84% and TTM return on equity of 19.46% being in-line with the specialty retail industry averages.