Dick"s Sporting Goods & Dr. Eric Thomas: I Can, I Will, I Must
Dicks Sporting Goods Inc (NYSE:DKS) received Upgrade rating by Morgan Stanley in a research note issued to investors on May-20-16 from Underweight to Equal-Weight. Analysts presently have a $49.52 price target on the companys stock, however according to data provided by Thomson/First Call the highest current target price estimate stands at $55.00 and the lowest target price estimate is $38.00.
Additionally on May -20-16 the stock was Upgraded by Goldman from Neutral to Buy and on May -20-16 the stock was Reiterated by RBC Capital Mkts as Sector Perform at $42 to $41. Furthermore on May -20-16 the stock was Reiterated by MKM Partners as Buy at $56 to $55.
Other research analysts have also recently issued recommendations about the company. The company has analysts mean recommendation of 2.20, where 1 refers strong buy and 5 refers strong sell.
On the other hand the company has Relative Strength Index (RSI 14) of 48.63 along with Average True Range (ATR 14) of 1.55, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stocks price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. The average true range (ATR) is a measure of volatility introduced by Welles Wilder. Consequently Dicks Sporting Goods Inc (NYSE:DKS)s weekly and monthly volatility is 3.46%, 2.85% respectively. The companys beta value is at 0.87.
Dicks Sporting Goods Inc (NYSE:DKS)s trailing twelve month revenues are $7.27 billion, whereas its price to sales ratio for the same period is 0.65. Its book value per share for the most recent quarter is $15.89 while its price to book ratio for the same period is 2.74, as for as the companys cash per share for the most recent quarter is $1.09, however its price to cash per share ratio for the same period is 39.79.
Dicks Sporting Goods Inc (NYSE:DKS) on May 19, 2016 eported sales and earnings results for the first quarter ended April 30, 2016.
First Quarter Results
The Company reported consolidated net income for the first quarter ended April 30, 2016 of $56.9 million, or $0.50 per diluted share, compared to the Companys expectations provided on March 8, 2016 of $0.48 to 0.50 per diluted share. For the first quarter ended May 2, 2015, the Company reported consolidated net income of $63.3 million, or $0.53 per diluted share.
Net sales for the first quarter of 2016 increased 6.1% to approximately $1.7 billion. Consolidated same store sales increased 0.5%, compared to the Companys guidance of approximately flat to an increase of 1%. Same store sales for DICKS Sporting Goods increased 0.4%, while Golf Galaxy increased 1.7%. First quarter 2015 consolidated same store sales increased 1.0%.
Balance Sheet
The Company ended the first quarter of 2016 with approximately $92 million in cash and cash equivalents and approximately $158 million in outstanding borrowings under its revolving credit facility. Over the course of the last 12 months, the Company continued to invest in omni-channel growth, while returning over $322 million to shareholders through share repurchases and quarterly dividends.
Total inventory increased 7.3% at the end of the first quarter of 2016 as compared to the end of the first quarter of 2015. This increase includes the cold-weather merchandise the Company packed away for the 2016 winter season.
Source: http://www.thepointreview.com/dicks-sporting-goods-inc-nysedks-given-upgrade-rating-at-morgan-stanley/
