Dick’s Sporting Goods (NYSE:DKS) stock rose 8.9% as of 9:40 AM ET today after the company announced strong earnings results for the fourth quarter of fiscal 2019.
In the last ten quarters, Dick’s Sporting Goods (DKS) has missed analysts’ top-line estimates five times and surpassed them in the rest of the quarters.
Adjusted EPS beats estimate Dick’s Sporting Goods (DKS) reported its third-quarter results on November 28. Its adjusted EPS of $0.39 handily beat analysts’ estimate of $0.26. Its EPS rose 30.0% year-over-year. The lower provision for taxes helped the bottom-line growth. Dick’s Sporting Goods also repurchased $107.9 million worth of stock in the third quarter. It has about […]
Sales fall short of estimates Dick’s Sporting Goods’ (DKS) reported its third-quarter results for fiscal 2018 on November 28. The company reported sales of $1.86 billion, which missed analysts’ estimates of $1.88 billion. On a year-over-year basis, sales declined 4.5%. A calendar shift and weakness in the hunt and electronics categories hurt the company’s top line. The […]
As of November 21, Dick’s Sporting Goods’ (DKS) stock price is up 22.1% on a YTD (year-to-date) basis to $35.10 as strategic initiatives are gaining traction.
As of yesterday, Dick’s Sporting Goods’ (DKS) 12-month forward PE ratio, a metric used for making investment decisions for companies within the same sector, was 11.4x.
Forward PE multiples, calculated by dividing a company’s stock price by analysts’ earnings estimates for the next four quarters, are among the most frequently used multiples for comparing companies in the same sector.
On February 15, 2018, Dick’s Sporting Goods (DKS) increased its quarterly dividend by 32% to $0.225 per share, payable on March 30, 2018, to shareholders as of March 9, 2018.
Currently, analysts’ 12-month average target price for Dick’s Sporting Goods stock is $35.00, which reflects a 4.3% upside to the stock price as of February 15, 2018.
Dick’s Sporting Goods’ sales of $1.94 billion and earnings per share of $0.30 easily topped the analysts’ estimate of $1.89 billion and $0.26 per share, respectively.
In the first three quarters of fiscal 2017, DKS opened 43 Dick’s Sporting Goods stores and 16 specialty concept stores. The company closed four specialty stores over the same timeframe.
Dick’s Sporting Goods’ (DKS) stock price slumped 45.9% in 2017 as the retail sector remained troubled. Its peers fell in double digits while the S&P 500 Index gained 19.4% in 2017.
Share prices of specialty athletic retailers Foot Locker, Dick’s, and Finish Line fell on June 21 after an announcement that Nike might sell products directly on Amazon.
Fitbit (FIT) will be announcing its 1Q17 results on May 3, 2017. If it meets analysts’ revenue estimate of $280.4 million, it will be a YoY fall of 44.5%.
Cabela’s reported fiscal 3Q16 revenue of $996.5 million, a rise of 7.6% compared to fiscal 3Q15. Merchandise sales and financial services rose 7.2% and 8.8%, respectively.
Cabela’s (CAB) has been outperformed by its peers based on PBV (price-to-book value) ratio. However, Cabela’s has mostly outperformed its peers based on PE (price-to-earnings) and price-to-sales ratios.
After posting adjusted EPS growth rates exceeding 20% in the first three quarters of fiscal 2016, the earnings expectations for Nike (NKE) in the fourth quarter are modest.
As part of its long-term plan, Foot Locker (FL) has been concentrating on enhancing its profitability margins and focusing on store remodels and improved service and product assortment.
Foot Locker (FL) operates several e-commerce websites under the Foot Locker and other store banners. It reports e-commerce sales under the direct-to-customer segment.
In fiscal 2016, Foot Locker made $5.3 billion in US sales, representing 71.6% of its total revenue. In contrast, international revenue came in at $2.1 billion.
In this part, we’ll look at industry forces affecting sporting goods retailers. We’ll also look at Foot Locker’s competitive positioning based on Porter’s Five Forces
In this series, we’ll analyze Foot Locker’s business, market positioning, and revenue and expense outlook. We’ll also look at investments being made to spur growth.
Lululemon Athletica’s (LULU) revenue grew by 14.7% year-over-year to $2.1 billion, a new milestone for the company. In fiscal 4Q16, Lululemon’s sales grew 16.8% to $704 million.
Dick’s Sporting Goods rose and closed at $46.44 per share at the end of the second week of March 2016. In fiscal 2015, it reported net sales of $7,271.0 million.
Nike is expecting sales through wholesalers to grow at a mid- to high-single compounded annual growth rate over the next five years through fiscal 2020.
At its 2015 Investor Day on September 16, Under Armour (UA) mentioned that it expects sales from all selling channels to grow at a 20%-plus growth rate through 2018.
Nike outperformed its peers based on EPS, the PE ratio, and the PBV ratio. Nike outperformed its ETFs based on the price movement, PE ratio, and PBV ratio.
Nike has a market cap of $98.19 billion. Its YTD price movement is rising day by day. After the earnings report in 1Q16, it fell by 0.55% to close at $114.79 per share.
Nike may see strong traction in North America in 1Q16. Currency factors that tend to temper its top-line growth elsewhere have less impact on the segment.
Lululemon’s same-store sales performance was healthy in 2Q16. There’s been a reversal in the negative trend that dogged the retailer for much of last year, particularly in its brick-and-mortar channel.
Toys “R” Us, a main customer of eBay Enterprise, has decided to pull the plug and oversee its own e-commerce operations. The announcement comes at a very crucial time for eBay.
The ARMOURY stores will cater to the premium segment of the market. They’ll also feature UA product exclusives and occasional visits from star athletes.
Nike (NKE), the world’s number-one sports gear firm, will report its 3Q15 earnings on March 19. The wholesale channel is an important sales driver for NKE.
