Earnings Reaction History: Dick's Sporting Goods, Inc., 50.0% Follow-Through Indicator, 5.6% Sensitive

Dicks Sporting Goods Inc (NYSE:DKS) posted strong financial results Tuesday, but the company's earnings were weaker than the previous year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock.

Brokerages following Dick's Sporting Goods Inc (NYSE:DKS) identified average predicted price of $64.19 on equity.

Analysts estimated $0.42/share for the previous Quarter, where Dick's Sporting Goods Inc. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the stock. SKX right now sits at consensus rating of 2.30 while 2 analysts have advocated the shares as "BUY", 3 calls it an "OUTPERFORM" and 6 suggest "HOLD". At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day call/put volume ratio of 3.45 ranks higher than 86% of all comparable readings taken in the past year. Dicks Sporting Goods has reported the consolidated non-GAAP net income for the fourth quarter of $147.8 million driven by strong comp sales and gross margin expansion. For the Q4 this year, the consensus current earnings per share trend estimates were for $1.29 while for one month ago was $1.30.

Dicks Sporting Goods Inc (NYSE:DKS) reached at $52.61 price level during last trade its distance from 20 days simple moving average is 3.64%, and its distance from 50 days simple moving average is 0.83% while it has a distance of -0.57% from the 200 days simple moving average. Castleark Management LLC now owns 501,629 shares of the sporting goods retailer's stock worth $26,636,000 after buying an additional 397,919 shares during the period.

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"Canaccord Genuity Reiterates "Buy" Rating for Dicks Sporting Goods Inc (DKS)" was originally published by BBNS and is the property of of BBNS. Forward View set a $59.00 price objective on Dicks Sporting Goods and gave the company a "buy" rating in a research report on Monday, January 16th. The firm presently has a $60.00 target price on the sporting goods retailer's stock. The price to earnings growth is 1.66 and the price to sales ratio is 17. Total comps also gained 5 percent in the quarter - with Dick's Sporting Goods stores rising 5.3 percent and Golf Galaxy stores increasing 13.2 percent.

EPS in next five year years is expected to touch 15.00% while EPS growth in past 5 year was -5.80% along with sales growth of 2.80% in the last five years. But Dick's good news is tempered by the fact that it's coming off last year's not-so-great results, according to GlobalData Retail managing director Neil Saunders.

The company reported its last quarter on Oct 16.

Several analysts have released their opinion on Dick's Sporting Goods, Inc. The Next Year EPS growth is 21.4%, Long term annual growth estimate of 12.78%, Annual EPS growth past 5 years of 5.58 percent. The third largest holder is Blackrock Fund Advisors, which now holds $186.44 million worth of this stock and that ownership represents almost 3.24% of its market capitalization. Meeder Asset Management Inc. purchased a new stake in shares of Dicks Sporting Goods during the third quarter valued at $138,000. This represents a $0.61 dividend on an annualized basis and a yield of 1.15%.

  • Rita Burton