Alert: New Earnings Report (5/29/24)-Dick’s Sporting Goods Inc. (NYSE: DKS).

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Dick’s Sporting Goods Inc. (NYSE: DKS) has reported E.P.S. of $3.42 for its first fiscal quarter (ending April 30) versus $3.67 for the same period a year ago. E.P.S. were $12.47 for the latest four quarters through April 30 versus $13.73 for the same period a year ago.

Recent Price Action

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On 5/29/24, Dick’s Sporting Goods Inc. (NYSE: DKS) stock enjoyed a major increase of 15.9%, closing at $226.03. Moreover, exceptionally high trading volume at 478% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.7% during the last week.

Current PriceTarget Research Rating

DKS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Dick’s Sporting Goods has a current Value Trend Rating of A (Highest Rating). 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 49 but a very high Power Rating of 96, producing the Highest Value Trend Rating.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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