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Dick's (DKS) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-11-19 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond ...
Dick's Sporting Goods (DKS) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-11-19 16:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Dick's Sporting Goods (DKS) reports results for the quarter ended October 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 26, 2024, might help the stock move higher if these key numbers are bette ...
Dick's Sporting Goods (DKS) Rises Higher Than Market: Key Facts
ZACKS· 2024-11-19 00:01
In the latest trading session, Dick's Sporting Goods (DKS) closed at $200.48, marking a +1.12% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.39%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.6%.Shares of the sporting goods retailer witnessed a loss of 9.33% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.99% and the S&P 500's gain of 1.06%.The upcoming earnings release of Dick's Sportin ...
DICK'S Sporting Omnichannel Efforts Bode Well: Apt to Hold the Stock?
ZACKS· 2024-11-14 17:05
DICK'S Sporting Goods, Inc. (DKS) is benefiting from its growth efforts, including merchandising initiatives and store-related endeavors. The company has been making smart moves to enrich customer experience. DKS is putting emphasis on the omnichannel experience to drive solid athlete engagement.Buoyed by such strengths, shares of this sporting goods dealer have gained 71.2% compared with the industry’s 10.1% growth in a year.Growth Efforts to Benefit DICK'S SportingDICK’S Sporting’s store-related endeavors ...
Dick's Sporting Goods (DKS) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-11-05 00:01
Company Performance - Dick's Sporting Goods (DKS) closed at $196.73, reflecting a +1.56% change from the previous day, outperforming the S&P 500 which fell by 0.28% [1] - Over the past month, DKS shares have decreased by 9.92%, while the Retail-Wholesale sector gained 1.01% and the S&P 500 increased by 0.41% [1] Upcoming Earnings - Analysts expect Dick's Sporting Goods to report earnings of $2.68 per share, indicating a year-over-year decline of 5.96% [2] - The revenue forecast for the upcoming quarter is $3.02 billion, representing a 0.89% decline compared to the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $13.90 per share and revenue of $13.25 billion, reflecting increases of +7.67% and +2.06% respectively from the previous year [3] Analyst Revisions - Recent changes in analyst estimates for Dick's Sporting Goods suggest optimism regarding the company's business and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, aims to provide actionable investment ratings [4] Zacks Rank and Valuation - Dick's Sporting Goods currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5] - The company is trading at a Forward P/E ratio of 13.93, which is higher than the industry average of 11.96 [6] - DKS has a PEG ratio of 2.2, compared to the industry average PEG ratio of 2.17 [6] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Dick's Sporting Goods (DKS) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-10-29 23:06
Dick's Sporting Goods (DKS) closed at $202.13 in the latest trading session, marking a -1.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.78%. Heading into today, shares of the sporting goods retailer had lost 1.64% over the past month, lagging the RetailWholesale sector's loss of 0.07% and the S&P 500's gain of 1.67% in that time. The investment community will be paying close attenti ...
DICK'S Sporting's GameChanger App Launches Film Room AI Tool
ZACKS· 2024-10-23 16:30
DICK'S Sporting Goods, Inc. (DKS) is quite focused on enriching services to create a seamless experience for athletes. The company is committed to digital innovation. In the latest development, DKS’ GameChanger app has launched Film Room, which is an AI-powered video analysis tool for youth basketball and volleyball. Currently, the feature is available within the GameChanger app on iOS and Android.Let’s delve deeper.More Details on DKS’ Latest LaunchGameChanger is a popular youth sports app for live streami ...
3 Retail Stocks to Watch With Contrarian Potential
Schaeffers Investment Research· 2024-10-17 19:02
For the second-straight month, retail sales exceeded estimates. However, SPDR S&P Retail ETF (XRT) is lower by 0.4% at last check after opening the session higher. Three sector stalwarts -- with an emphasis on apparel -- are reacting in a variety of ways, and worth a closer look. DKS Could Burn Short Sellers Dick's Sporting Goods Inc (NYSE:DKS) stock is holding steady, up 1.6% to trade at $216.18. DKS is up 47% in 2024 but is roughly 10% off its Aug. 23 highs. The upside: there's support in place at the sha ...
DICK'S Sporting Goods Extends Partnership with University of Tennessee Athletics in Multi-Year Deal
Prnewswire· 2024-10-16 13:07
Core Points - DICK'S Sporting Goods has announced a multi-year extension of its partnership with the University of Tennessee athletics, which began in Fall 2021 [1][3] - The partnership includes various community engagement initiatives and events aimed at supporting the Tennessee Volunteers fanbase [1][2] Company Initiatives - DICK'S will continue as the Presenting Partner of Youth Sports Day and the Tennessee Football's Spring Coaches Clinic, engaging youth players, coaches, and families [1] - The company will host special events, camps, and clinics with University of Tennessee coaches and athletes at its DICK'S House of Sport store in Knoxville [1] - DICK'S will serve as the Presenting Sponsor for the university's football and baseball uniform reveals, which are conducted weekly on Instagram [2] Community Engagement - The partnership aims to enhance fan engagement through various activations at Volunteer Village during select football games and other sports events [1] - DICK'S will provide opportunities for youth fans to participate in game-day experiences, such as saying "Play Ball" at home games [1] Company Background - DICK'S Sporting Goods operates over 850 stores and offers a wide range of products and in-store experiences, including a climbing wall and golf simulators [4][2] - The company has a strong commitment to youth sports, having donated millions to support under-resourced teams and athletes through its Sports Matter program [5]
Dick's Sporting Goods (DKS) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-10-08 23:20
The latest trading session saw Dick's Sporting Goods (DKS) ending at $205.74, denoting a -0.22% adjustment from its last day's close. This change lagged the S&P 500's 0.97% gain on the day. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.45%. Shares of the sporting goods retailer witnessed a loss of 0.59% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 7.36% and the S&P 500's gain of 5.41%. The investment community will be paying ...