Dick's currently has an average brokerage recommendation (ABR) of 1.98, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.98 approximates between Strong Buy and Buy. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or a ...

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Dick's Sporting Goods (DKS) DICK'S Sporting Goods Inc. was founded in 1948 in New York under the labels Dick's Clothing and Sporting Goods, Inc. It was earlier reincorporated as a Delaware corporation and changed ...

Buoyed by such strengths, shares of this sporting goods dealer have gained 48.7% compared with the industry's 2.8% growth in the year-to-date time frame. A Value Score of A further adds strength to this Zacks Rank #2 (Buy) company. DICK'S Sporting's store-related efforts are on track. The company had launched DICK'S House of Sport, Golf Galaxy Performance Center, Public Lands and Going, Going, Gone!, which have been performing well. In the fiscal first quarter, it opened two House of Sport locations. It rem ...

Here are the three top-performing dividend stocks so far in June 2024. While the stock has pulled back since the end of April due to slumping crude oil prices, the shares look to have bottomed at $189 at the start of June and have since bounced higher. FANG stock looks to have a big catalyst ahead as Diamondback Energy completes its $26 billion acquisition of privately held Endeavour Energy. The purchase of Endeavour will make Diamondback Energy the third-largest oil producer in the Permian Basin of Texas. ...

Dick's Sporting Goods is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Within the past quarter, the Zacks Consensus Estimate for DKS' full-year earnings has moved 6.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is mor ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Dick's Sporting Goods (DKS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Dick's currently has an average brokerage recomme ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Investors might want to bet on Dick's Sporting Goods (DKS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...

Financial Performance - Net sales increased by 6.2% to $3.02 billion in the current quarter, compared to $2.84 billion in the first quarter of 2023, with a favorable impact of approximately $45 million from the fiscal calendar shift[49]. - Comparable sales increased by 5.3% after a 3.6% increase in the same period last year, adjusted for the calendar shift due to the 53rd week in fiscal 2023[49]. - Net income for the current quarter was $275.3 million, or $3.30 per diluted share, down from $304.6 million, or $3.40 per diluted share, in the first quarter of 2023[49]. - Gross profit rose to $1,095.3 million, with a gross profit margin increase of 10 basis points, despite a 45 basis point decrease in merchandise margins due to higher markdowns[56]. - Income from operations was $330.8 million, slightly up from $325.6 million in the prior year[55]. Sales and Revenue Growth - Net sales increased by 6.2% to $3,018.4 million for the 13 weeks ended May 4, 2024, compared to $2,842.2 million for the same period in 2023[54]. - Comparable sales, adjusted for a shifted retail calendar, increased by 5.3%, or $150.6 million, driven by a 2.7% increase in transactions and a 2.6% increase in sales per transaction[54]. - The company expects full-year comparable sales growth to be in the range of 2% to 3% and earnings per diluted share to be between $13.35 and $13.75[43]. Expenses and Cost Management - Selling, general and administrative expenses are anticipated to leverage as a percentage of net sales due to last year's business optimization and ongoing productivity improvements[45]. - Selling, general and administrative expenses increased to $743.4 million, reflecting a 22 basis point increase as a percentage of net sales[57]. - Pre-opening expenses rose to $21.1 million, up from $9.1 million in the same quarter last year, due to the opening of two DICK'S House of Sport stores[58]. Shareholder Returns - The company repurchased 0.5 million shares of common stock for a total cost of $113.6 million under its share repurchase program[49]. - A quarterly cash dividend of $1.10 per share was declared and paid for common and Class B common stock[49]. - During the quarter, the company repurchased 0.5 million shares at a cost of $113.6 million, with $665.9 million remaining under the share repurchase authorization[68]. Cash Flow and Investments - Net cash provided by operating activities for the 13 weeks ended May 4, 2024, was $231.7 million, a significant increase of $280.1 million compared to a net cash used of $48.4 million in the same period last year[73][74]. - Cash used in investing activities increased by $69.6 million for the 13 weeks ended May 4, 2024, primarily due to a $73.0 million rise in gross capital expenditures[75]. - Cash used in financing activities rose by $80.9 million for the 13 weeks ended May 4, 2024, driven by changes in bank overdraft balances and higher cash payments for share repurchases[76]. - The net decrease in cash and cash equivalents for the 13 weeks ended May 4, 2024, was $152.1 million, compared to a decrease of $281.7 million in the same period last year[73]. Market Conditions and Strategic Focus - The macroeconomic environment remains dynamic, influenced by inflationary pressures, elevated interest rates, and changes in consumer discretionary spending behavior[42]. - The company completed a business optimization in 2023 to better align talent and streamline costs in support of critical strategies[42]. - The company continues to invest in future DICK'S House of Sport locations and next-generation stores, indicating a focus on market expansion[75]. - There have been no material changes in the company's market risk exposures from those reported in the 2023 Annual Report[77].

Dick's Sporting Goods (DKS) reported $3.02 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 6.2%. EPS of $3.30 for the same period compares to $3.40 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +2.58%. The company delivered an EPS surprise of +12.24%, with the consensus EPS estimate being $2.94. While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...