Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

LPGA Star to Exclusively Play the Maxfli Golf Ball During the 2024 SeasonPITTSBURGH, Jan. 24, 2024 /PRNewswire/ -- Today, Maxfli®, a distinguished golf brand with a century-long legacy in performance and quality, announced its exclusive golf ball endorsement agreement with professional golfer Lexi Thompson. This partnership signifies a major milestone as Thompson commits to playing and endorsing the Maxfli Tour Series golf ball throughout the 2024 season, while also acting as an ambassador and spokesperson ...

CALIA Inspire features LYCRA® ADAPTIV fiber, a new-to-market fabric technology PITTSBURGH, Jan. 22, 2024 /PRNewswire/ -- Today, CALIA, the women's performance wear brand sold exclusively at DICK'S Sporting Goods (NYSE: DKS), debuted a new national ad campaign titled, "CALIA Inspire: There's Beauty In The Burn" in support of the brand's most versatile and technically designed fabric and apparel collection to date – Inspire. The Inspire collection can take you from a low-intensity yoga session to high-intensi ...

EXTREME-PHOTOGRAPHER Summary I am recommending buying DICK'S Sporting Goods, Inc. (NYSE:DKS), as the business is well positioned to navigate the current macro environment and has room for margin to further expand. DKS's historical financial performance and track record of capital returns also lend credence to its ability to tide through this tough period. I expect the revenue growth trajectory to follow a similar fashion to what happened during subprime, where DKS saw growth acceleration. Business descripti ...

DICK'S Sporting Goods, Inc. (DKS) is well-poised to tap the positive trends in the sporting industry, thanks to its robust strategies including merchandising initiatives and store-related efforts. The company is gaining from brand strength and demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing and efficiently controlling expenses.Buoyed by such strengths, shares of th ...

Dick's Sporting Goods Executive Chairman Ed Stack defended the company's decision to tighten its gun policies in 2018 even after facing strong backlash.  Stack spoke candidly at NRF 2024: Retail's Big Show in New York City on Monday, saying he firmly believed it is important for the sporting goods retailer, in certain issues, "to really step up and make a statement."During a discussion with NRF CEO Matt Shay, Stack said the country is "holding businesses accountable for how they view different issues in the ...

Dick's Sporting Goods Inc (NYSE:DKS) stock is trading flat today, down just 0.1% at $146.80, despite a price-target hike from D.A. Davidson to $183 from $166. Up 40.9% in just the last three months thanks to support from its 20-day moving average, the retail stock has almost fully recovered its mid-August 24.2% plummet. The stock's rebound could still have legs, too, as its recent highs come amid historically low implied volatility (IV), which has been a bullish combination in the past. Per Schaeffer's Quan ...

DICK’S Sporting Goods, Inc. (NYSE:DKS) Q3 2023 Earnings Conference Call November 21, 2023 10:00 AM ET Company Participants Nate Gilch - Senior Director, IR Lauren Hobart - President and CEO Navdeep Gupta - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Robby Ohmes - Bank of America Kate McShane - Goldman Sachs Mike Baker - D.A. Davidson Warren Cheng - Evercore ISI Christopher Horvers - JP Morgan Michael Lasser - UBS Paul Kearney - Barclays John Kernan - TD Cowen Joe Feldman - Telsey Advisor ...

Sales Performance - Net sales increased by 41.3% in fiscal 2022 compared to fiscal 2019, driven by growth in key categories such as footwear, athletic apparel, team sports, and golf [48]. - Net sales increased by 2.8% to $3.04 billion in the current quarter from $2.96 billion in the same quarter of 2022, driven by a 1.7% increase in comparable store sales [17]. - Comparable store sales increased by 1.7% in the current quarter, down from a 6.5% increase in the same period last year [61]. Profitability and Margins - Merchandise margins increased over 300 basis points as a percentage of net sales in fiscal 2022 compared to fiscal 2019, with pre-tax income as a percentage of net sales growing from 4.7% to 11.2% [49]. - Gross profit increased to $1.06 billion, with a gross profit margin improvement of 67 basis points due to lower supply chain costs [64]. - Selling, general and administrative expenses rose to $776.0 million, increasing as a percentage of net sales by 254 basis points, influenced by business optimization charges and investments in talent and technology [65]. Expenses and Charges - Pre-tax business optimization charges of $52.5 million were incurred in Q3 2023, primarily due to the elimination of positions and integration of Moosejaw operations [53]. - The company anticipates additional pre-tax charges of approximately $10 million during Q4 2023 related to outdoor specialty business optimization [53]. - Selling, general and administrative expenses are expected to moderate by approximately 150 basis points from Q3 as a percentage of net sales [52]. Store Operations - Comparable store sales, including online sales, are considered a key performance indicator, impacting total net sales and cash flow [55]. - The company opened 10 new stores in Q3 2023, bringing the total to 869 stores by the end of the period [57]. Inventory and Supply Chain - Inventory shrink is expected to be approximately 50 basis points higher than fiscal 2022 on a full-year basis, reflecting industry-wide trends [52]. - Supply chain costs are expected to remain lower than fiscal 2022 for the remainder of the fiscal year [52]. Shareholder Returns - The company repurchased 3.5 million shares of common stock for a total cost of $388.1 million under its share repurchase program [17]. - During the 39 weeks ended October 28, 2023, the company repurchased 5.4 million shares at a cost of $648.6 million, leaving $779.6 million remaining under the share repurchase program [86]. - Dividends paid to stockholders during the 39 weeks ended October 28, 2023, amounted to $270.6 million, with a quarterly cash dividend of $1.00 per share declared for December 2023 [88]. Cash Flow and Capital Expenditures - Cash flows from operating activities increased by $729.1 million to $764.7 million for the 39 weeks ended October 28, 2023, compared to the prior year [92]. - Cash used in investing activities rose by $140.4 million to $433.3 million, including investments in DICK'S House of Sport stores and the acquisition of Moosejaw [93]. - Capital expenditures for the 39 weeks ended October 28, 2023, totaled $409.5 million, with expectations for fiscal 2023 capital expenditures between $550 million and $600 million [84][85]. Interest and Tax - Interest expense decreased to $14.4 million in the current quarter from $26.1 million in the prior year quarter, primarily due to lower interest expense on the Convertible Senior Notes following their retirement [67]. - The effective tax rate increased to 25.1% in the current quarter from 24.9% in the prior year quarter [69]. - Other income increased by $67.9 million to $56.3 million, driven by a $44.8 million rise in interest income and a $22.8 million reduction in deferred compensation plan expenses [76]. - The effective tax rate decreased to 18.7% from 24.1%, influenced by a $39.8 million increase in excess tax benefits due to higher employee equity awards [77]. Financial Position - Cash on hand as of October 28, 2023, was $1.41 billion, with an additional $1.6 billion available under the unsecured credit facility [78]. - Liabilities associated with supply chain financing arrangements were $38.9 million as of October 28, 2023, down from $56.1 million a year earlier [90].

DICK'S Sporting Goods, Inc. (NYSE:DKS) Q2 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Lauren Hobart - President & CEO Navdeep Gupta - CFO Nate Gilch - Senior Director, IR Conference Call Participants Simeon Gutman - Morgan Stanley Adrienne Yih - Barclays Robby Ohmes - Bank of America Kate McShane - Goldman Sachs Chris Horvers - J.P. Morgan John Kernan - TD Cowen Warren Cheng - Evercore ISI Michael Lasser - UBS Brian Nagel - Oppenheimer Paul Lejuez - Citi Mike Baker - D.A. ...