Tue, Mar. 8, 7:50 AM
- Dick's Sporting Goods (NYSE:DKS) says warm weather in parts of the U.S. contributed to a 2.5% drop in comparable-store sales in Q4.
- E-commerce continues to be a larger part of the story at Dick's. During Q4, e-commerce penetration rose 130 bps to 15.7% of all sales.
- Dick's Sporting Goods sees FY16 EPS of $2.85-$3.00 vs. $3.23 consensus. The company expects to open three new Dick's stores this year and relocate another three. Two new Field & Stream stores are slated to be opened in Q1. During the earnings call, execs are likely to be asked about the impact of the Sports Authority bankruptcy.
- Previously: Dick's Sporting Goods misses by $0.02, misses on revenue (Mar. 08 2016)
- DKS -7.33% premarket to $41.07.
Fri, Mar. 4, 10:46 AM
- Investors have been slowly piling into Dick's Sporting Goods (DKS +1.1%) ahead of the company's FQ4 earnings report due out next week.
- Analysts expect the company to report revenue of $2.28B and EPS of $1.16.
- The Sports Authority bankruptcy is also in the background. Earlier today, Under Armour backed 2016 guidance in what could be a solid indication that Dick's won't feel a huge impact on the accounts receivable front. Most analysts expect Dick's to see a benefit as Sports Authority stores in close proximity to a Dick's store are closed.
Tue, Feb. 16, 11:02 AM
- Specialty retail stocks are breaking out of the pack to record strong gains.
- A number of economists have revised their forecast upward on the part of consumer spending tied to low-ticket household/clothing/recreational items.
- The Container Store (TCS +10.4%), Zagg (ZAGG +7.9%), Pier 1 Imports (PIR +4.2%), Chico's (FAS +3.4%), Five Below (FIVE +3%), and Destination XL Group (DXLG +5.5%) are notable gainers.
- The sporting goods sector is also showing strength - Hibbett Sports (HIBB +3.6%), Cabela's (CAB +3.7%), Dick's Sporting Goods (DKS +2.4%), and Big 5 Sporting Goods (BGFV +1.9%) are all ahead of broad market averages.
Thu, Jan. 7, 10:52 AM
- A mix of positive holiday sales report peppered throughout the retail sector has brought chain store stocks back into focus.
- Add sub-$2 gas prices along with a low level of jobless claims to the mix and investors are warming back up to to beat-up sector.
- Most of the gainers against a down market day have a heavy concentration of sales in the U.S.
- The Container Store (TCS +3.8%), Ulta Salon (ULTA +1.4%), Vitamin Shoppe (VSI -0.3%), Chico's FAS (CHS +2.9%), Dillard's (DDS +2.7%), Williams-Sonoma (WSM +1.7%), Dick's Sporting Goods (DKS +1.2%), Burlington Stores (BURL +4%).
- Previously: Retail chain stocks rally as $2 gas in U.S. outweighs turmoil in China (Jan. 07 2016)
Tue, Jan. 5, 11:12 AM
- Smith & Wesson (NASDAQ:SWHC) is up 12% on a huge volume spike to reach a post-IPO high.
- The company lifted guidance last night and the gun debate has been raging this week with President Obama poised to take some executive action refinements to gun control regulations.
- SWHC reached a high of $26.64.
- Sturn Ruger (NYSE:RGR) is also ripping, up 7.1% to a 52-week high off the same enthusiasm that short-term gun and ammo demand could pick up.
- Vista Outdoor (VSTO +4.9%) and Cabela's (CAB +1%) are also catching bids off the gun control focus, while rallies in Dick's Sporting Goods (DKS +1.3%), Hibbett Sports (HIBB +1.3%), and Sportsman's Warehouse (SPWH +2.6%) look more speculative based off the actual impact of gun sales on total revenue.
- Previously: Obama set to roll out gun control actions today (Jan. 05 2016)
- Previously: Smith & Wesson hikes guidance; shares +3.7% (Jan. 04 2016)
Dec. 2, 2015, 9:54 AM
- Sporting goods stocks are all ahead of broad market averages with some M&A speculation in the background.
- Cabela's (CAB +1.4%) has confirmed it will explore strategic options which could include a combination with another chain or set off other companies on a similar plan. Many analysts think the market is oversaturated on a square footage basis.
- Gainers: Big 5 Sporting Goods (NASDAQ:BGFV) +1.5%, Dick's Sporting Goods (NYSE:DKS) +1.0%, Hibbett Sports (NASDAQ:HIBB) +0.7%, Sportsman's Warehouse Holdings (NASDAQ:SPWH) +1.2%.
- Previously: Cabela's to evaluate strategic options (Dec. 02 2015)
Nov. 20, 2015, 10:09 AM
- Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
- Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
- Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
- Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
Nov. 17, 2015, 9:16 AM
Nov. 17, 2015, 7:52 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales rose 0.4% in Q3.
- The comp for Dick's chain increased 0.7%, while Golf Galaxy decreased 2.9%.
- E-commerce penetration +70 bps to 8% of total sales.
- Gross margin rate grew 10 bps to 29.7%.
- SG&A expense rate increased 60 bps to 24%.
- Inventory +13.1% Y/Y to $1.997B.
- Store count +54 Y/Y to 744.
- Q4 Guidance: Same-store sales: -2% to +1%; Diluted EPS: $1.10 to $1.25; Shares outstanding: 115M.
- FY2015 Guidance: Same-store sales: ~flat to +1%; Diluted EPS: $2.85 to $3; Shares outstanding: 117M; Capex: $245M.
- DKS -16.69% premarket.
Oct. 26, 2015, 10:55 AM
- Dick's Sporting Goods (DKS +4.6%) trades higher Barron's points to the "new burst of life" that might be in store for the company due to its fitness program.
- Management has set a strategy to create more store within a store areas within the retail footprint. Products from Nike, Under Armour, Ralph Lauren, and Skechers will all be highlighted.
- Dick's is also increasing its focus on women shoppers and e-commerce channels in other potential sales-boosting moves.
- If Dick's returns to its five-year trading multiple average of 20X forward earnings a run over $60 could be in store, reasons Barron's.
- DKS is one of the big-box names that has suffered ever since Wal-Mart dropped a guidance bombshell earlier in the month. Shares are down over 15% from the level seen on October 6.
Oct. 23, 2015, 10:37 AM
- Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
- Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
- Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
- Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
Aug. 18, 2015, 7:55 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales rose 1.2% in Q2. The Dick's chain recorded a 1.5% comp gain, while same-store sales at Golf Galaxy fell 2.9%.
- The company's e-commerce penetration of total sales increased 100 bps Y/Y to 7.3%.
- Gross profit rate +61 bps to 30.37%.
- SG&A expense rate -96 bps to 21.72%.
- Inventory +13.9% Y/Y to %1.615B.
- Store count +8 Q/Q to 712 units. Square footage +8% to $35.1M.
- Guidance: Q3 EPS of $0.45-$0.48 seen vs. $0.47 consensus.
- DKS -0.39% premarket to $50.50.
May 19, 2015, 7:48 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales rose 1% in Q1 with a +1.8% comp for the Dick's chain easily outpacing the -11% comp at Golf Galaxy.
- The same-store sales mark missed the estimate of analysts.
- The company's e-commerce penetration of total sales was up 150 bps Y/Y to 8.5%.
- Gross profit rate -68 bps to 29.96%.
- SG&A expense rate +63 bps to 23.05%.
- Inventory +9.7% Y/Y.
- Store count +54 to 704 units. Square footage +8.1% to $34.7M.
- Guidance: Q2 EPS of $0.73-$0.76 vs. $0.76 consensus.
- Previously: Dick's Sporting Goods EPS in-line, beats on revenue
- DKS -4.07% premarket to $54.00.
Apr. 2, 2015, 9:54 AM
- Dick's Sporting Goods (DKS +3.7%) trades higher after Susquehanna fires up an upgrade on the retailer to a Positive rating from Neutral.
- The price target has been bumped by the investment firm to $68 from $61.
- Shares of DKS are at all-time highs.
Mar. 3, 2015, 7:56 AM
- Dick's Sporting Goods (NYSE:DKS) reports comparable-store sales rose 3.4% in Q4. The comp at Dick's-branded stores was up 3.8%, while golf demand continued to decline with Golf Galaxy showing a -7.1% comp.
- E-commerce penetration +220 bps to 14.4% of total sales.
- Gross profit rate -67 bps to 30.62%.
- SG&A expense rate -27 bps to 22.04%.
- Inventory +12.9% Y/Y.
- Store count +57 to 697 at the end of the fiscal year, including 9 new specialty stores added during the year.
- Full-year guidance: Comps are seen rising 1% to 3% in 2015. EPS of $3.10-$3.20 expected vs. $3.20 consensus.
- DKS +2.85% premarket.
Jan. 30, 2015, 7:54 AM
- P-E firms are uninterested in a takeover of Dick's Sporting Goods (NYSE:DKS), sources tell the New York Post.
- A demand by CEO Edward Stack to keep his family highly involved in the business after a sale is choking off interest.
- Shares of Dick's spiked earlier this month off of takeover buzz.
- Previously: Dick's surges on going-private speculation (Jan. 07 2015)
- DKS -5.7% premarket.
Dick's Sporting Goods, Inc. engages as a sporting goods retailer, which offers a broad assortment of brand name sporting goods equipment, apparel and footwear in a specialty store environment. The company's products are categorized into three divisions: Apparel, Footwear, and Hardlines. The... More
Industry: Sporting Goods Stores
Country: United States
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