NEW YORK (TheStreet) -- Dick's Sporting Goods (DKS) shares are down 2% to $46.55 on Tuesday after the sports apparel retailer reported third quarter financial results before the opening bell today that showed a rise in same store sales that were on the low end of analysts' guidance.
The company reported earnings of 41 cents per diluted share that was 1 cent better than analysts were expecting for the period, on revenue of $1.53 billion that was in line with analyst guidance.
Same store sales grew 1.1% over the same quarter last year during the period; analysts were expecting the company to report growth between 1% and 3% for the quarter.
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, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: DKS Ratings Report