Dicks Sporting Goods Inc (NYSE:DKS) Increases Investors Wealth, Net Income Up 21% - DKS, CAB, HIBB, BGFV, DOVR

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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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422). View more posts