Services Sector Overview; Saks (SKS) Third Quarter Net Up 27% while Dicks Sporting (DKS) Net Hikes 21% for Q3 – SKS, DKS, CAB, GET, ACM, HD

Services sector responded negatively on Tuesday’s trading session and sector plunged -0.18%. If we look at the top movers of the sector so Ryman Hospitality Properties Inc (NYSE:GET) and AECOM Technology Corp (NYSE:ACM) were major percentage decliners while most active stock was The Home Depot, Inc (NYSE:HD).

Saks Inc (NYSE:SKS) reported on Tuesday that earnings in the third-quarter moved up 27% as the upscale department-store chain was assisted by a tax reserve reversal and observed stronger revenue, though lower than what Wall Street forecasted.

Saks announced a profit of $22.6 million or 14 cents per share for the three months period finished Oct 27, evaluated against $17.8 million or 11 cents per share in the previous year.

Saks Inc’s YTD performance was recorded as 1.74% while its market capitalization was $1.51 billion. The company has P/B ratio of 1.32 while P/E ratio was booked as 23.62. Institutional ownership owns 65.87% shares of the company while beta factor, which is used to measure riskiness of the security, was 2.55. Net profit margin of the company was 2.43% while its gross profit margin was 40.66%.

Dicks Sporting Goods Inc (NYSE:DKS) reported on Tuesday that its net income in the third-quarter moved up 21%, assisted by a big boost in online sales.

The Pittsburgh-based retailer made $50.1 million or 40 cents a share in earnings for the three months period finished Oct 27, high from $41.5 million or 33 cents a share in the similar period previous year.

Dicks Sporting Goods Inc has market capitalization of $6.19 million. Its current ratio was 1.73 while its shares were lagging behind SMA50 with -0.60. The company offered earnings per share of 2.09 while its 1121.41 million shares were outstanding. YTD performance of the stock was 39.30%.

Cabelas Inc (NYSE:CAB) has the market capitalization of $3.28 billion. The company’s EPS was 2.46 while its 70.03 million shares were outstanding. Its institutional ownership was 67.25%. Shares of the company were moving behind of SMA50 with -9.81% while its YTD performance was 84.11%.

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