So far, 6.59 million shares of Dicks Sporting Goods exchanged hands as compared to its average daily volume of 2.24 million shares.
The sporting goods retailer reported net income for the 2014 second quarter of $81.7 million, or 67 cents per diluted share, coming in higher than the 65 cents per share analysts polled by FactSet were anticipating.
Click the video below for more on Dick's Sporting Goods Q2 results:
Dicks Sporting Goods said revenue grew by 10.3% to $1.7 billion for the most recent quarter, while analysts were expecting $1.65 billion in revenue.
The company issued full year 2014 guidance, expecting earnings between $2.70 and $2.85. Analysts have forecast for $2.78 per share for the year.
Separately, TheStreet Ratings team rates DICKS SPORTING GOODS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DICKS SPORTING GOODS INC (DKS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: DKS Ratings Report
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