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Dick's Sporting Goods, Inc. (DKS)

  • Wed, Mar. 4, 6:54 AM
    | Wed, Mar. 4, 6:54 AM | Comment!
  • Tue, Mar. 3, 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.
    | Tue, Mar. 3, 7:56 AM | Comment!
  • Tue, Mar. 3, 7:31 AM
    • Dick's Sporting Goods (NYSE:DKS): Q4 EPS of $1.30 beats by $0.08.
    • Revenue of $2.16B (+10.8% Y/Y) beats by $40M.
    • Press Release
    | Tue, Mar. 3, 7:31 AM | Comment!
  • Mon, Mar. 2, 5:30 PM
  • Mon, Feb. 23, 8:10 AM
    • Dick's Sporting Goods (NYSE:DKS) declares $0.1375/share quarterly dividend, 10% increase from prior dividend of $0.125.
    • Forward yield 1.0%
    • Payable March 31; for shareholders of record March 13; ex-div March 11.
    | Mon, Feb. 23, 8:10 AM | Comment!
  • Thu, Feb. 12, 9:43 AM
    | Thu, Feb. 12, 9:43 AM | 3 Comments
  • Tue, Feb. 3, 6:46 AM
    • Dick's Sporting Goods (NYSE:DKS) CFO Andre Hawaux will add the extra duties of serving as the company's COO.
    • Hawaux's responsibilities now include finance, store operations, real estate, and human resources.
    • Shares of DKS stumbled last week after reports emerged indicating that P-E firms were taking a pass on attempting to structure a takeover.
    | Tue, Feb. 3, 6:46 AM | Comment!
  • Fri, Jan. 30, 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.
    | Fri, Jan. 30, 7:54 AM | Comment!
  • Fri, Jan. 9, 5:47 AM
    • Hundreds of January 2015 call options with a $53 strike price were purchased just after noon, just before reports surfaced that Dicks (NYSE:DKS) was holding informal buyout conversations with PE firms.
    • The options netted the buyer nearly $450,000 on a $50,000 investment when the price skyrocketed after DKS shares, which had been halted, resumed trading.
    • Fortuitous trades on Wall Street ahead of deal announcements are commonplace.
    | Fri, Jan. 9, 5:47 AM | 4 Comments
  • Wed, Jan. 7, 2:09 PM
    • Tread carefully with Dick's Sporting Goods (NYSE:DKS), warns Oppenheimer (h/t Notable Calls).
    • The investment firm thinks the go-private headline could be an attempt to "change the conversation" away from sales trends at the sporting goods retailer.
    • DKS is +9.2% on volume more than 5X normal activity.
    • Earlier: Dick's surges on going-private speculation
    | Wed, Jan. 7, 2:09 PM | Comment!
  • Wed, Jan. 7, 12:17 PM
    | Wed, Jan. 7, 12:17 PM | 2 Comments
  • Mon, Jan. 5, 8:50 AM
    • The PetSmart LBO strategy could be utilized again in the retail sector amid the current low interest rate environment, note analysts.
    • Bloomberg picks some top candidates to see a LBO play this year.
    • GameStop (NYSE:GME): Valuation has been driven down to a level that could attract P-E firms.
    • Bed Bath & Beyond (NASDAQ:BBBY): Spinoff opportunities and a lagging stock price make BBBY a LBO natural, note sector watchers.
    • Pier 1 Imports (NYSE:PIR): A buyer would have plenty of opportunities to cut costs and set a turnaround strategy.
    • Dick's Sporting Goods (NYSE:DKS): Perhaps the surprise in the bunch, but analysts see upside potential in a LBO scenario as a shift in focus is enacted.
    • Previous on LBOs in retail: Retail trends to watch
    | Mon, Jan. 5, 8:50 AM | 5 Comments
  • Sat, Jan. 3, 7:51 PM
    • The intense competition in retail over free shipping policies is expected to bring some pain to Q4 margins as big box and e-commerce firms scrap for market share, warn analysts.
    • ComScore reports that free delivery on online purchases rose to 68% in 2014, up from 44% last year.
    • Amazon (NASDAQ:AMZN): 2014 shipping costs were up 32% through Q3. That mark comes before a holiday season in which the company says it saved customers a mere $2B in shipping fees.
    • Wal-Mart (NYSE:WMT): The Bentonville giant has already warned investors it will spend heavily on e-commerce and fulfillment center expansion as it eyes +30% growth in online sales. The company may have difficulty dialing back its free delivery policies, say industry insiders.
    • Target (NYSE:TGT): Wolfe Research projects a 1% shift in Target sales to e-commerce cuts into the firm's profit margin by 5 bps.
    • What to watch: Online sales rose 16% in Q3 vs. 4% for broad retail, a differential that is expected to have widened in Q4. Retailers with a sharp shift in mix to online could have trouble hitting consensus EPS estimates.
    • Related stocks: BBY, DKS, CAB, SPLS, TJX, BIG.
    | Sat, Jan. 3, 7:51 PM | 45 Comments
  • Dec. 31, 2014, 9:43 AM
    • The push by large-format stores to downsize gives growing retail chains an easy path to accelerate growth.
    • ICSC notes the trend of real estate managers such as DDR Corporation (NYSE:DDR) to remerchandise high-quality space before lease expiration could increase even more in 2015.
    • What to watch: Nordstrom Rack (NYSE:JWN), Trader Joe's, Sprouts Farmers Market (NASDAQ:SFM) Dick's Sporting Goods (NYSE:DKS), and Whole Foods Market (NASDAQ:WFM) are expected to continue utilizing sub-leases or reworked leases to add outlets. Fast-fashion retailers Hennes & Mauritz (OTCPK:HMRZF), Fast Retailing (OTCPK:FRCOY), and Inditex (OTCPK:IDEXY) might also take advantage of the trend as they look to increase their brick-and-mortar U.S. presence.
    • Previously: Big box retailers expected to follow sub-leasing strategy (Dec. 30 2014)
    | Dec. 31, 2014, 9:43 AM | Comment!
  • Dec. 30, 2014, 1:26 PM
    • Retail watchers think holiday traffic was solid for sports equipment sellers through the end of the holiday season.
    • The observed calm pace of post-Christmas promotions indicates retailers were able to clear inventory at the expected rate.
    • Several high-profile basketball shoe introductions ahead of Christmas was a factor this year.
    • Related stocks: DKS, COLM, UA, NKE, FL, VFC.
    | Dec. 30, 2014, 1:26 PM | Comment!
  • Dec. 20, 2014, 10:17 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 3.4% over the last month to outpace the S&P 500 Index as consumer spending trends improve. Analysts have honed in on some categories which show some promise for growth.
    • Drugstores: The transition by the sector into more health/wellness services sets it up for new growth channels. CVS Health (NYSE:CVS) reported strong comparable-store sales despite the full tobacco exit, while Rite Aid (NYSE:RAD) is prepping for a roll-out of RediClinics and HealthSpot kiosks. The visibility on Walgreen (NYSE:WAG) is somewhat clouded by the giant Alliance Boots integration, although it's ahead of rivals on the tech front with its rewards program, pharmacy app and developing online doctor concept.
    • Athleisure: There's some gender initiatives going on in the athletic apparel sector with Under Armour (NYSE:UA) and Nike (NYSE:NKE) growing their women's business and Lululemon (NASDAQ:LULU) expanding on the men's side. All three companies have been closely on-trend with their assortment in a category with explosive demand. Importantly, pricing has held up this holiday season in the U.S., note retail watchers.
    • Online replenishing: Fresh research into shopping trends indicates certain categories see continued buying through the online channel as consumers become attuned to a brand. Retailers positioned well to see more gains from the trend include Williams-Sonoma (NYSE:WSM), Ulta Beauty (NASDAQ:ULTA), Staples (NASDAQ:SPLS), Office Depot (NASDAQ:ODP), Sephora (OTCPK:LVMHF), Dick's Sporting Goods (NYSE:DKS), and of course Amazon (NASDAQ:AMZN).
    • P-E buyouts: There are plenty of candidates in the retail sector for a leveraged buyout similar to the action that helped propel shares of PetSmart (NASDAQ:PETM) +40% from their lows. Keep an eye on Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), and Ann (NYSE:ANN).
    | Dec. 20, 2014, 10:17 AM | Comment!
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Company Description
Dick's Sporting Goods Inc is an authentic full-line sporting goods retailer offering a assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.
Sector: Services
Country: United States