DICK’S Sporting Goods Inc. (DKS) has been showing strong momentum, hovering close to its 52-week high of $239.30. The stock, closing at $233.50 on Wednesday, remains just 2.4% below that peak. Moreover, the stock is currently trading above its 200-day and 50-day moving averages of $209.35 and $211.66, respectively, highlighting a potential upward trend. Image Source: Zacks Investment Research DICK’S stock has seen a remarkable 74% rise in the past year, outpacing the industry's growth of 11.8%. The company’ ...

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It has been about a month since the last earnings report for Dick's Sporting Goods (DKS) . Shares have added about 5.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Dick's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. DICK'S Sporting's Q3 Earnings Beat & FY24 ...

DICK’S Sporting Goods Inc. (DKS) emerges as an attractive value opportunity in the  Retail - Miscellaneous industry, trading at a forward 12-month price-to-earnings ratio of 15.36, below the industry average of 18.27 and the Retail-Wholesale average of 24.84. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the Retail-Wholesale sector.DKS's P/E Performance Image Source: Zacks Investment Research DKS’ stock is currently priced at $225.3 ...

We also chat with Christine Benz, the author of "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement."In this podcast, Motley Fool analyst Kirsten Guerra and host Mary Long discuss:How experiential shopping has lifted Dick's Sporting Goods.Two paths forward for Kohl's.Why Lemonade deserves a spot in a Thanksgiving parade.Then, Motley Fool retirement expert Robert Brokamp and Christine Benz, the author of How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement, continu ...

DICK’S Sporting Goods Inc. (DKS) has seen its shares slide 3.7% in the past week, pushing it behind its industry peers and the broader S&P 500 index. The downside came after the company’s soft earnings performance for third-quarter fiscal 2024, released on Nov. 26. Although DKS reported top-line growth, earnings per share (EPS) declined year over year.In third-quarter fiscal 2024, DICK'S reported a 0.5% year-over-year increase in sales, while EPS declined 4%. The modest sales rise was affected by a calendar ...

DICK'S Sporting Goods, Inc. (DKS) posted impressive third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While earnings declined year over year, sales improved from the prior year.Adjusted EPS was $2.75, down 4% from the year-ago figure of $2.85. Also, the metric beat the Zacks Consensus Estimate for earnings of $2.68.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company’s strategic investments, including the innovative House ...

Financial Performance - Net sales increased 0.5% to $3.06 billion in the current quarter from $3.04 billion during the third quarter of 2023, with a calendar shift unfavorably impacting net sales comparisons by approximately $105 million[63] - Comparable sales increased 4.2% when adjusted for the calendar shift, following a 1.9% increase in the same period last year[63] - Net income for the current quarter was $227.8 million, or $2.75 per diluted share, compared to $201.1 million, or $2.39 per diluted share, during the third quarter of 2023[63] - Net sales increased 0.5% to $3,057.2 million in Q3 2024, with comparable sales increasing 4.2% adjusted for calendar shift[73] - Gross profit increased to $1,093.4 million in Q3 2024, with merchandise margins increasing 104 basis points due to favorable sales mix[75] - Income from operations increased to $286.0 million in Q3 2024, up from $272.9 million in Q3 2023[74] - Net sales for the 39 weeks ended November 2, 2024, increased 4.8% to $9,549.2 million, with comparable sales up 4.7% adjusted for calendar shift[81] - Income from operations for the 39 weeks ended November 2, 2024, increased to $1,086.9 million, compared to $910.3 million in the prior year period[82] - Gross profit increased to $3,464.4 million, up 115 basis points as a percentage of net sales, driven by favorable sales mix, lower inventory shrink, and reduced eCommerce shipping costs[83] Expenses and Costs - Selling, general and administrative expenses increased 2.9% to $790.6 million in Q3 2024, driven by strategic investments and higher incentive compensation[77] - Pre-opening expenses decreased to $16.8 million in Q3 2024 from $20.3 million in Q3 2023, reflecting fluctuations in new store openings[78] - Selling, general and administrative expenses increased 4.7% to $2,330.7 million, but decreased as a percentage of net sales by 4 basis points due to higher net sales[84] - Pre-opening expenses decreased to $46.8 million, supporting the opening of five DICK'S House of Sport stores compared to nine in the prior year[86] - The effective tax rate increased to 22.9% from 18.7% due to lower excess tax benefits from employee equity awards[88] Capital and Investments - The company plans to open additional DICK'S House of Sport stores, next-generation 50,000 square foot DICK'S stores, and Golf Galaxy Performance Center stores[44] - The company expects capital expenditures to be concentrated on new store development, relocations, remodels, and technology investments to enhance store fulfillment and in-store pickup capabilities[44] - Capital expenditures for the 39 weeks ended November 2, 2024, totaled $565.6 million, with fiscal 2024 expected to reach $800 million[94][96] - Share repurchases during the 39 weeks ended November 2, 2024, totaled $170.3 million, with $609.3 million remaining under the repurchase program[97] - Dividends paid during the 39 weeks ended November 2, 2024, amounted to $273.1 million, with a quarterly dividend of $1.10 per share declared[99] - Net cash provided by operating activities decreased by $84.4 million to $680.3 million, primarily due to changes in inventory levels and accounts payable[104] Inventory and Margin - Inventory shrink as a percentage of net sales decreased 27 basis points during the year-to-date period compared to 2023[54] - The company expects gross margin to expand year-over-year in 2024, with selling, general, and administrative expenses leveraging as a percentage of net sales[55] Business Optimization and Charges - The company completed a business optimization in 2023, resulting in $72.8 million of charges within selling, general, and administrative expenses[55] Dividends and Shareholder Returns - Declared and paid a quarterly cash dividend of $1.10 per share of common stock and Class B common stock[66] - The company anticipates returning capital to stockholders through dividends and share repurchases[44] Store Count and Expansion - Total stores increased to 864 as of November 2, 2024, compared to 869 as of October 28, 2023, with 17 DICK'S House of Sport stores and 22 DICK'S Field House stores[67] Other Income and Expenses - Other income totaled $24.0 million in Q3 2024, including a $15.5 million decrease in deferred compensation plan investment expenses[79] - Other income totaled $75.1 million, including a $19.8 million decrease in deferred compensation plan investment expenses[87] Cash and Credit Facilities - Cash on hand as of November 2, 2024, was $1.46 billion, with a $1.6 billion unsecured credit facility available[89] Future Outlook - The company expects full-year 2024 comparable sales growth to be in the range of 3.6% to 4.2% and earnings per diluted share to be in the range of $13.65 to $13.95[52]

U.S. stocks traded mostly higher toward the end of trading, with the S&P 500 gaining around 0.5% on Tuesday.The Dow traded up 0.05% to 44,759.66 while the NASDAQ rose 0.59% to 19,166.93. The S&P 500 also rose, gaining, 0.47% to 6,015.37.Check This Out: Jim Cramer: Linde Is A ‘Terrific’ Company, Sees Another Stock Up 75% As ‘Not Done’Leading and Lagging SectorsUtilities shares jumped by 1.1% on Tuesday.In trading on Tuesday, materials shares fell by 0.7%.Top HeadlineDick's Sporting Goods Inc. DKS reported up ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...