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DICK's Sporting Goods, Inc.

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DICK’S Sporting has underperformed the Zacks Categorized industry in the last three months. This could be largely due to the soft performance in first-quarter fiscal 2017. However, the company is persistently gaining from the consolidation in the sporting goods space, and opportunities arising from the liquidation of rival firms. Further, a robust e-commerce performance, continued market share gains and its latest merchandising strategy bode well. Also, the potential liquidation of Gander Mountain should boost DICK’S Sporting’s market share, though it may hurt third-quarter sales. Given this short-term hurdle and the current trends, management tweaked its fiscal 2017 sales view, while retaining its earnings outlook. Macroeconomic hurdles also remain a concern. Second quarter estimate has stable lately ahead of the earnings release. Further the company has a positive record of earnings surprises in recent quarters.


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