Dick’s Sporting Goods Inc. (NYSE: DKS) has reported E.P.S. of $3.69 for its fourth fiscal quarter (ending January 31) versus $2.91 for the same period a year ago — an increase of 27%. This performance was $0.33 better than the consensus estimate of $3.36. For the latest four quarters through January 31, E.P.S. were $12.72 compared to $13.43 a year ago — a decline of -5%.
Recent Price Action
Dick’s Sporting Goods Inc. (NYSE: DKS) stock closed at $216.81 on 3/14/24 after a major increase of 15.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 581% of normal. The stock has risen 20.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DKS is expected to continue to be a major Value Builder.
Dick’s Sporting Goods has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Dick’s Sporting Goods has a neutral Appreciation Score of 48 but a good Power Rating of 81, triggering the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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