Dicks Sporting Goods Inc (NYSE:DKS) announced on Tuesday that its Q3 net income moved up 21%, increased by a big increase in online sales.
The Pittsburgh-based retailer declared that $50.1M, or 40 cents a share, surge from $41.5M, or 33 cents a share, in the similar quarter previous year. Excluding one-time items, adjusted profit was 32 cents a share.
Revenue increased 11% to $1.31B.
On average Analysts anticipated that 37 cents a share on $1.3B in revenue, according to FactSet.
The firm disclosed that its revenue at stores open at previous year increased 5.1%. The metric is a key measure of a retailer’s health, For the reason that it excludes revenue from stores that newly opened or closed.
Dicks Sporting Goods Inc (NASDAQ:DKS) traded at $49.72 by decreasing -2.45% with price volatility of 3.19% for a week and 2.36% for a month plus price volatility’s Average True Range for 14 days was 1.28 and its beta stands at 1.33 times.
Stocks after opening at $51.35hit high price of $51.38 and on last session stock held volume of 1.11 million shares which was unexpectedly lower than its average volume of 1.23 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.73 as current ratio and on the opponent side the debt to equity ratio was 0.02 and long-term debt to equity ratio also remained 0.02. The Company had total cash at hand $294.49 million and a book value per share as $13.34 in the most recent quarter.
While investors who viewing DKS against other stocks with the reference of profit margin that are Cabelas Inc (NYSE:CAB) having profit margin 5.89%, Hibbett Sports, Inc. (NASDAQ:HIBB) with 8.53% profit margin, Big 5 Sporting Goods Corporation (NASDAQ:BGFV) having 1.18% profit margin and Dover Saddlery, Inc. (NASDAQ:DOVR) having profit margin of 1.81%.
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