Dicks Sporting Goods Inc (DKS) Releases Earnings Results, Beats Expectations By $0.01 EPS

Dicks Sporting Goods Inc (DKS) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.49. The company posted revenue of $1660.30 million in the period, compared to analysts expectations of $1662.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Dicks Sporting Goods Inc was Downgraded by Morgan Stanley to ” Underweight” on May 5, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $51 .MKM Partners Initiated Dicks Sporting Goods Inc on Apr 29, 2016 to “Buy”, Price Target of the shares are set at $56.

Dicks Sporting Goods Inc closed down -0.79 points or -1.94% at $39.91 with 50,45,510 shares getting traded on Monday. Post opening the session at $39.92, the shares hit an intraday low of $39.54 and an intraday high of $40.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price. According to the SEC, on Jan 15, 2016, Emanuel Chirico (director) sold 8,375 shares at $35.32 per share price. On Sep 16, 2015, William J Colombo (director) sold 20,000 shares at $50.56 per share price, according to the Form-4 filing with the securities and exchange commission.

DICK’S Sporting Goods Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment apparel footwear and accessories. The Company offers hardlines such as sporting goods equipment fitness equipment golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy Field & Stream and True Runner specialty stores. As of January 31 2015 the Company operated 603 Dick’s Sporting Goods stores in 46 states 78 Golf Galaxy stores in 29 states 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

Dicks Sporting Goods Inc

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