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 Ramps Up Store Expansion, To Add 6 Outlets
Read MoreHide Full Article
DICK'S Sporting Goods, Inc. (DKS - Free Report) is on a store expansion spree, alongside enhancing its e-Commerce capabilities. Keeping pace with its efforts to strengthen store base, the company announced plans to inaugurate six new stores in four states across the U.S. In fact, these stores will increase the company’s countrywide store count to 692.
The opening celebrations for these outlets are scheduled to take place from Apr 21 through Apr 23. With the launch of these stores, DICK'S Sporting looks forward to better cater to the communities in these different locations.
Moreover, in order to attract customers during the celebration period, the company has announced attractive opportunities to win prizes. Also, several special guests are invited to make in-store appearances.
Prior to the launch of these new outlets, DICK'S Sporting had declared plans to inaugurate its 50th store in California. This was preceded by the launch of its 21st store in Georgia and one store each in Florida, Arizona and California.
Notably, these actions coupled with its other initiatives have helped the company’s earnings to outpace the Zacks Consensus Estimate in all the quarters of fiscal 2016. Also, its sales have outperformed our estimate for three consecutive quarters now. Further, the company posted solid fiscal fourth-quarter results, wherein both the top line and bottom line grew year over year.
However, management issued a dull outlook for fiscal 2017 and fiscal first quarter that fell short of analyst expectations. For fiscal 2017, the company expects adjusted earnings to range from $3.65−$3.75 per share while the same are expected to be in the band of 50–55 cents for the fiscal first quarter.
Consequently, the Zacks Consensus Estimate of $3.71 for fiscal 2017 and 54 cents for fiscal first quarter, declined 6 cents and 8 cents, respectively, in the past 30 days.
Though DICK’S Sporting’s shares have outpaced the Zacks categorized Retail – Miscellaneous/Diversified industry in the last one year, the same have underperformed the industry in the past one month. In the past one year, this Zacks Rank #3 (Hold) stock gained 6.4%, as against the industry’s decline of 5%. While its shares have decreased 7.2% in the past one month, the industry gained 0.1%.
Nevertheless, we believe that DICK’s Sporting will benefit from its in-store action and online growth strategies. In fact, it has been already gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Additionally, the latest merchandise strategy of reducing 20% of its vendor base is likely to optimize DICK’S Sporting’s collection.
Key Picks
Better-ranked stocks in the Retail/Wholesale space include Big 5 Sporting Goods Corporation (BGFV - Free Report) , The Children's Place, Inc. (PLCE - Free Report) and The Michaels Companies, Inc. .
Big 5 Sporting, with a long-term earnings growth rate of 12%, has surged 32.2% 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.
The Children's Place, a Zacks Rank #1 stock, has jumped 49% in the past six months. Also, it has a long-term earnings growth rate of 8%.
The Michaels Companies, which carries a Zacks Rank #2 (Buy) rose 7.3% in the past three months. Also, the stock has a long-term earnings growth rate of 18%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DICK'S Sporting Ramps Up Store Expansion, To Add 6 Outlets
DICK'S Sporting Goods, Inc. (DKS - Free Report) is on a store expansion spree, alongside enhancing its e-Commerce capabilities. Keeping pace with its efforts to strengthen store base, the company announced plans to inaugurate six new stores in four states across the U.S. In fact, these stores will increase the company’s countrywide store count to 692.
The opening celebrations for these outlets are scheduled to take place from Apr 21 through Apr 23. With the launch of these stores, DICK'S Sporting looks forward to better cater to the communities in these different locations.
Moreover, in order to attract customers during the celebration period, the company has announced attractive opportunities to win prizes. Also, several special guests are invited to make in-store appearances.
Prior to the launch of these new outlets, DICK'S Sporting had declared plans to inaugurate its 50th store in California. This was preceded by the launch of its 21st store in Georgia and one store each in Florida, Arizona and California.
Notably, these actions coupled with its other initiatives have helped the company’s earnings to outpace the Zacks Consensus Estimate in all the quarters of fiscal 2016. Also, its sales have outperformed our estimate for three consecutive quarters now. Further, the company posted solid fiscal fourth-quarter results, wherein both the top line and bottom line grew year over year.
However, management issued a dull outlook for fiscal 2017 and fiscal first quarter that fell short of analyst expectations. For fiscal 2017, the company expects adjusted earnings to range from $3.65−$3.75 per share while the same are expected to be in the band of 50–55 cents for the fiscal first quarter.
Consequently, the Zacks Consensus Estimate of $3.71 for fiscal 2017 and 54 cents for fiscal first quarter, declined 6 cents and 8 cents, respectively, in the past 30 days.
Though DICK’S Sporting’s shares have outpaced the Zacks categorized Retail – Miscellaneous/Diversified industry in the last one year, the same have underperformed the industry in the past one month. In the past one year, this Zacks Rank #3 (Hold) stock gained 6.4%, as against the industry’s decline of 5%. While its shares have decreased 7.2% in the past one month, the industry gained 0.1%.
Nevertheless, we believe that DICK’s Sporting will benefit from its in-store action and online growth strategies. In fact, it has been already gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Additionally, the latest merchandise strategy of reducing 20% of its vendor base is likely to optimize DICK’S Sporting’s collection.
Key Picks
Better-ranked stocks in the Retail/Wholesale space include Big 5 Sporting Goods Corporation (BGFV - Free Report) , The Children's Place, Inc. (PLCE - Free Report) and The Michaels Companies, Inc. .
Big 5 Sporting, with a long-term earnings growth rate of 12%, has surged 32.2% 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.
The Children's Place, a Zacks Rank #1 stock, has jumped 49% in the past six months. Also, it has a long-term earnings growth rate of 8%.
The Michaels Companies, which carries a Zacks Rank #2 (Buy) rose 7.3% in the past three months. Also, the stock has a long-term earnings growth rate of 18%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>