Categories Analysis, Leisure & Entertainment

A look at how Dick’s Sporting Goods (DKS) will fare going forward

Dick’s Sporting Goods’ (NYSE: DKS) shares have fallen 30% since the beginning of this year. The stock is currently trading 30% below its 52-week high of $49.80. The company is set to report fourth quarter 2019 earnings results on Tuesday and if the numbers beat expectations, the stock could see a pickup.

Dick’s Sporting saw healthy sales and comps growth with meaningful expansion in margins last quarter. The company also witnessed increases in average ticket and transactions. The retailer has seen strength in the hardlines, footwear and apparel categories and expects this momentum to continue.

Dick's Sporting Q3 2019 earnings results

In apparel, Dick’s Sporting has been gaining market share in athleisure and has seen strong comps. The company continues to invest in athletic apparel and remains optimistic about this category. The hunting category has been underperforming for a while and replacing this category with other better-performing ones has helped improve margins.

The company has been investing in expanding its store network and has announced the opening of seven new stores in the past two months. Dick’s Sporting has also been working on developing its omnichannel capabilities and its ecommerce business is doing well.

Also read: J.C. Penney (JCP) has a hard path to recovery

The company will also benefit from its ongoing digital marketing efforts. However, higher costs and investment-related expenses are likely to weigh on margins and this remains a concern for investors.

Analysts expect the company to report earnings of $1.22 per share on revenue of $2.57 billion for the fourth quarter of 2019. The company beat revenue and earnings estimates for the third quarter of 2019. Net sales increased 6% to $1.96 billion while adjusted EPS totaled $0.52.  

Owing to its ongoing development efforts and the momentum in its topline and margins, the stock might see a recovery in the coming days. The majority of analysts have rated the stock as Hold and it has an average 12-month price target of $49.80.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Earnings Preview: What to look for when Broadcom (AVGO) reports Q1 results

Broadcom, Inc. (NASDAQ: AVGO) will be releasing its first-quarter results next week. Over the years, the company constantly broadened its portfolio beyond semiconductors to areas like enterprise software solutions, a

Here’s a look at Lowe’s (LOW) expectations for the near term and ahead

Shares of Lowe’s Companies, Inc. (NYSE: LOW) were up over 1% on Friday. The stock has gained 19% over the past three months. The home improvement retailer saw sales and

TJX Companies (TJX) Q4 2024 profit jumps on strong revenue growth

The TJX Companies, Inc. (NYSE: TJX) has reported a double-digit increase in net income for the fourth quarter of 2024 when the fashion retailer's net sales grew 13%. Fourth-quarter sales

Comments

  1. Pingback: fue
  2. Pingback: Fiverr Earn
  3. Pingback: Fiverr Earn
  4. Pingback: Fiverr Earn
  5. Pingback: fiverrearn.com
  6. Pingback: fiverrearn.com
  7. Pingback: fiverrearn.com
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: french bulldog
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: jute vs sisal rug
  14. Pingback: micro frenchies
  15. Pingback: future university
  16. Pingback: seo
  17. Pingback: lean manufacturing
  18. Pingback: Piano storage
  19. Pingback: FUE
  20. Pingback: FUE
  21. Pingback: FUE
  22. Pingback: FUE
  23. Pingback: Moving trucks
  24. Pingback: Classic Books 500
  25. Pingback: FiverrEarn
  26. Pingback: Media
  27. Pingback: FiverrEarn
  28. Pingback: Sefton Play Club
  29. Pingback: partners
  30. Pingback: FiverrEarn
  31. Pingback: FiverrEarn
  32. Pingback: live sex cams
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: Cow
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: cheap sex cams
  48. Pingback: rare breed-trigger
  49. Pingback: 늑대닷컴

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top