We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DICK'S Sporting's Store Expansion on Track, To Add 2 Outlets
Read MoreHide Full Article
DICK'S Sporting Goods, Inc. (DKS - Free Report) has been aggressively expanding its store base, along with enhancing eCommerce capabilities. In sync with its store expansion strategy, the company recently announced plans to inaugurate two new stores, one each in the states of Connecticut and California. The store openings will take place from Mar 17 through Mar 19. These stores will accommodate a variety of apparel, accessories and equipment, alongside exclusive brands like CALIA by Carrie Underwood, Field & Stream and Walter Hagen.
The new Connecticut store will be located in the city of Norwalk, making it the company’s 12th store in the state. Further, the California outlet will come up in the city of Sunnyvale, marking the first store in the city, thereby bringing the company’s store count in the state to 47. In fact, these stores will take DICK’S Sporting’s countrywide store base to 682.
Furthermore, in order to attract customers to the new stores during celebration period, the company has announced lucrative opportunities to win prizes. Further, special guests are invited to make in-store appearances throughout the weekend to cheer customers.
Prior to the opening of the aforesaid stores, the company had announced plans to inaugurate five new stores in three states − Davenport, IA, Queens, NY, and Hinesville, GA. Moving ahead, these stores are slated to open doors during the second week of March.
We believe that DICK’s Sporting will benefit from its in-store action and online growth strategies. The company has been gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Further, the company’s customer-oriented strategies and healthy financial status bode well, as evident from its constant shareholder-friendly moves.
The stock’s movement in the past one year also bears testimony to the company’s reasonably good performance. This Zacks Rank #3 (Hold) stock has considerably outperformed the Zacks categorized Retail – Miscellaneous/Diversified industry in the past one year. While the stock climbed up 15.9%, the industry gained 2.5%.
Key Picks
Investors looking for better-ranked stocks in the Retail-Wholesale sector may opt for The Children's Place, Inc. (PLCE - Free Report) , Big 5 Sporting Goods Corporation (BGFV - Free Report) and MarineMax, Inc. (HZO - Free Report) .
The Children's Place, with a long-term earnings growth rate of 10.3%, has surged 48.7% in the past one year. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Big 5 Sporting, which carries a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 12 %. The stock rose nearly 26% in the past one year.
MarineMax, a Zacks Rank #2 stock has increased 20.2% in the past one year. Also, the stock has outpaced the Zacks Consensus Estimate with an average of 131.2% in the past four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
DICK'S Sporting's Store Expansion on Track, To Add 2 Outlets
DICK'S Sporting Goods, Inc. (DKS - Free Report) has been aggressively expanding its store base, along with enhancing eCommerce capabilities. In sync with its store expansion strategy, the company recently announced plans to inaugurate two new stores, one each in the states of Connecticut and California. The store openings will take place from Mar 17 through Mar 19. These stores will accommodate a variety of apparel, accessories and equipment, alongside exclusive brands like CALIA by Carrie Underwood, Field & Stream and Walter Hagen.
The new Connecticut store will be located in the city of Norwalk, making it the company’s 12th store in the state. Further, the California outlet will come up in the city of Sunnyvale, marking the first store in the city, thereby bringing the company’s store count in the state to 47. In fact, these stores will take DICK’S Sporting’s countrywide store base to 682.
Furthermore, in order to attract customers to the new stores during celebration period, the company has announced lucrative opportunities to win prizes. Further, special guests are invited to make in-store appearances throughout the weekend to cheer customers.
Prior to the opening of the aforesaid stores, the company had announced plans to inaugurate five new stores in three states − Davenport, IA, Queens, NY, and Hinesville, GA. Moving ahead, these stores are slated to open doors during the second week of March.
Dick's Sporting Goods Inc Price
Dick's Sporting Goods Inc Price | Dick's Sporting Goods Inc Quote
We believe that DICK’s Sporting will benefit from its in-store action and online growth strategies. The company has been gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Further, the company’s customer-oriented strategies and healthy financial status bode well, as evident from its constant shareholder-friendly moves.
The stock’s movement in the past one year also bears testimony to the company’s reasonably good performance. This Zacks Rank #3 (Hold) stock has considerably outperformed the Zacks categorized Retail – Miscellaneous/Diversified industry in the past one year. While the stock climbed up 15.9%, the industry gained 2.5%.
Key Picks
Investors looking for better-ranked stocks in the Retail-Wholesale sector may opt for The Children's Place, Inc. (PLCE - Free Report) , Big 5 Sporting Goods Corporation (BGFV - Free Report) and MarineMax, Inc. (HZO - Free Report) .
The Children's Place, with a long-term earnings growth rate of 10.3%, has surged 48.7% in the past one year. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Big 5 Sporting, which carries a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 12 %. The stock rose nearly 26% in the past one year.
MarineMax, a Zacks Rank #2 stock has increased 20.2% in the past one year. Also, the stock has outpaced the Zacks Consensus Estimate with an average of 131.2% in the past four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>