Yahoo Finance Today’s Research Reports on Stocks to Watch: Dick’s Sporting Goods and Under Armour
NEW YORK, NY / ACCESSWIRE / May 31, 2018 / Shares of Dick's Sporting Goods and Under Armour were both in the green on Wednesday after the former reported strong first quarter results.
RDI Initiates Coverage on:
Dick's Sporting Goods, Inc.
https://rdinvesting.com/news/?ticker=DKS
Under Armour, Inc.
https://rdinvesting.com/news/?ticker=UA
Dick's Sporting Goods, Inc. shares closed up almost 26% yesterday on skyrocket volume after posting earnings. The company posted first quarter financial results that beat expectations as well as raised its 2018 guidance. For the quarter, earnings per share was 59 cents. This was higher than the 45 cents that analysts had been expecting. Sales at $1.91 billion were higher than $1.88 billion analysts had been waiting for. For the full year, Dick's is expecting earnings per share of $2.92 to $3.12. Previously the company had projected a range of $2.80 to $3.00. Chairman and CEO Edward Stack stated, "Our strong first-quarter earnings reflect improved execution against our merchandising strategy, which resulted in higher merchandise margins. We are also continuing to see the results of investments in our digital experience, and we will continue to invest as we build the best omnichannel experience for all athletes." Traders seem encouraged by the results considering that just three months ago the company had said it would stop selling all assault-style rifles in its stores.
Access RDI's Dick's Sporting Goods, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DKS
Under Armour, Inc. shares saw green on Wednesday closing up 3.39% on about 3.2 million shares traded. There was no particular news from the company but looks like strong earnings of Dick’s Sporting group had some positive impact on Under Armour as well. It was earlier this month that shares hit a ten month high of $20.52. It was also this month that the company's President, Patrick Frisk, bought almost $500,000 worth of the company's stock through his family trust. He purchased 14,000 Class A shares at an average price of $18.50 and 14,000 Class C shares at an average price of $16.62, according to a federal securities filing. Frisk joined Under Armour last July and was previously at Aldo. He was brought on to help CEO Kevin Plank get the company back on track.
Access RDI's Under Armour, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=UA
Our Actionable Research on Dick's Sporting Goods, Inc. (NYSE: DKS) and Under Armour, Inc. (NYSE: UA) can be downloaded free of charge at Research Driven Investing.
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