How Dick’s Sporting Goods’ Forward PE Compares to Peers

Victoria Dean - Author

Jan. 3 2019, Updated 7:31 a.m. ET

Forward PE

As of December 31, Dick’s Sporting Goods’ (DKS) 12-month forward PE ratio was 9.4x. In comparison, Foot Locker’s (FL) and Big 5 Sporting Goods’ (BGFV) PE ratio was higher at 10.9x and 14.5x, respectively. Hibbett Sports (HIBB) had a lower PE ratio of 8.3x. Forward PE multiples are highly used metrics for making investment decisions.

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Comparing EPS growth estimates for DKS with its peers

For fiscal 2018, analysts expect Dick’s Sporting Goods to report adjusted EPS growth of 7.3% to $3.23. For fiscal 2019, analysts project adjusted EPS of $3.35, representing growth of 3.7%. The company’s management estimates fiscal 2018 EPS to be $3.15–$3.25.

Meanwhile, the Wall Street analysts expect Foot Locker’s adjusted EPS growth of 10.2% to $4.53 in fiscal 2018 and 8.5% to $4.92 in fiscal 2019. For Hibbett Sports, analysts estimate EPS to decrease by 2.7% to $1.59 in fiscal 2019 and increase by ~10.5% to $1.75 billion in fiscal 2020.

Analysts project Big 5 Sporting Goods’ fiscal 2018 EPS to be -$0.10 compared with $0.56 reported in fiscal 2017. For fiscal 2019, analysts EPS estimate stands at $0.23.

Analyst ratings

Out of the 29 analysts covering Dick’s Sporting Goods stock, 21.0% gave it a “buy” rating, while 76.0% recommend a “hold.” There haven’t been any target price revisions in the last 15 days. Currently, analysts’ 12-month average target price for Dick’s Sporting Goods is $39.00, which implies a 25.0% upside to its price on December 31.

Of the 23 analysts covering Foot Locker, ~57.0% gave it a “buy,” while 30.0% rated it as a “hold.” The mean target price for the stock is $58.57, reflecting a 10.1% upside.

Of the 12 analysts covering Hibbett Sports, 67% rated it as a “hold,” and 25% gave it a “sell” rating. Analysts’ target price for the stock is $22.36, implying a 56.4% upside.

All of the analysts covering Big 5 Sporting Goods stock have rated it as a “hold.” The mean target price is $5.00, which indicates a 93.1% upside.


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