Dick’s Sporting Goods new stores boost Q2 profit, share price

Total sales hit about $1.8 billion in the quarter, and the company said sales at stores open at least a year – a benchmark known as same-store sales – rose 1.3 percent.

Dick’s Sporting Goods Inc (DKS) current short interest stands at 4.26 million shares.

This morning Dick’s Sporting Goods reported 2015 second quarter earnings of 77 cents per diluted share on net sales of $1.82 billion, beating analysts’ estimates of 75 cents per share on revenue of $1.8 billion. Adjusted for such one-time events, the company had a profit of $81.7 million, or 67 cents per share past year. Dicks Sporting Goods’s revenue was up 7.9% compared to the same quarter previous year. The shares closed down 0.04 points or 0.08% at $50.4 with 1,703,455 shares getting traded.

Several other brokerages have also recently weighed in on DKS. Canaccord Genuity reiterated a “hold” rating and set a $59.00 price target on shares of Dicks Sporting Goods in a research note on Friday, May 15th. Dick’s Sporting Goods Inc (DKS) has a price to earnings ratio of 18.07 versus Services sector average of 21.14. They issued an “underperform” rating and a $50.00 price target on the stock. The higher price target estimate is at $68 while the lower price estimates are fixed at $55.

This analysis means that value buyers who do not now hold Dick’s Sporting Goods Inc. The 50-day moving average is $51.13 and the 200 day moving average is recorded at $54.25. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. The 52-week high of Dicks Sporting Goods Inc (NYSE:DKS) is $60.33 and the 52-week low is $41.56. BMO Capital Markets raised Dicks Sporting Goods from a market perform rating to an outperform rating and increased their price target for the company from $52.00 to $63.00 in a research report on Thursday, May 7th.

DICK’s Sporting Goods, Inc.is an omni-channel sporting goods retailer offering an array of sports equipment, apparel, footwear and accessories. The Company offers such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear, hardlines. The Company also owns and operates Golf Galaxy, LLC, a golf specialty retailer. (NASDAQ:URBN) and Dicks Sporting Goods Inc (NYSE:DKS) witnessed an increase in activity on the back of their financial results.