Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Dicks Sporting Goods Inc    DKS

DICKS SPORTING GOODS INC (DKS)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Retailers Send Mixed Messages on the Sector's Health

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/15/2017 | 05:01pm CET
By Suzanne Kapner 

Retailers navigating a rocky landscape didn't see a lot of clarity Tuesday as Dick's Sporting Goods Inc. and Coach Inc. reported weak results while TJX Cos, and Home Depot Inc. posted strong quarterly sales.

Dick's shares plunged 17% to $28.96 in morning trading, while Coach fell 13% to $41.57. TJX inched up 1.7%, while Home Depot was down 3.5%

Consumer spending has been strong, though more of the spending is shifting to online purchases. Sales at retailers and restaurants jumped 0.6% in July from a month earlier, the biggest increase since December, the Commerce Department said Tuesday.

Dick's posted a 0.1% uptick in sales at stores open at least a year, less than the 2% to 3% increase the company had expected, and it lowered its earnings forecast for the year.

In a call with analysts, Dick's Chief Executive Edward Stack acknowledged the challenging retail environment, calling it "highly competitive and dynamic" but said the company would benefit from industry consolidation as competitors falter.

Although consumers are showing signs of life, they are choosy about where they spend. Coach's total sales fell 1.8% to $1.13 billion, short of Wall Street's expectations, though the company's latest quarter was a week shorter than the year-earlier one. Sales excluding recently opened or closed stores for the Coach brand rose 4% in North America.

Meanwhile, at TJX, the parent of the T.J. Maxx, Marshalls and HomeGoods off-price chains, said total sales increased 6% to $8.36 billion in the latest quarter. Sales excluding newly opened or closed locations rose 3%, extending a string of gains.

Shoppers continue to snap up bargains at TJX, which has become one of the country's fastest-growing retailers by sticking with a playbook from a vanishing era. It relies heavily on the instincts of its merchandise buyers, many of whom have been with the company for decades. TJX stores rapidly turn over limited quantities of products that are all sold at bargain prices. The result is a rarity in retail -- a constanttreasure hunt.

TJX's net income fell to $553 million in the three months to July 29, from $562 million a year earlier. Income was dented by about 4 cents a share of foreign currency fluctuations and lower gross margins due to the company's inventory hedges.

Home Depot's total sales jumped 6.2% to $28.11 billion in its second quarter, while same-store sales rose 6.3%.

The company is continuing to benefit from the recovering housing market and cited sales growth among first-time home buyers. "We anticipated this happening with millennials coming into an age where they start to form families, children or pets or whatever their family unit might look like, they're moving into homes, which bodes very well for us," Chief Financial Officer Carol Tomé said during a call with analysts.

Write to Suzanne Kapner at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DICKS SPORTING GOODS INC
11/22 DICKS SPORTING GOODS : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITI..
11/20 DICKS SPORTING GOODS : Long road to recovery, but Colorado Mills reopens after s..
11/15 DICKS SPORTING GOODS : DICK'S Sporting Goods Names New Chief Technology Officer;..
11/14 TJX and Dick's Sporting Goods fall; Buffalo Wild Wings soars
11/14 MARKETS RIGHT NOW : Retailers, energy pull US stocks lower
11/14 MARKETS RIGHT NOW : US stocks open lower on Wall Street
11/14 DICKS SPORTING GOODS INC : Results of Operations and Financial Condition, Other ..
11/14 DICKS SPORTING GOODS : DICK'S Sporting Goods Names New Chief Technology Officer
11/14 DICKS SPORTING GOODS : Dick's shares fall on weak 2018 outlook
11/14 DICKS SPORTING GOODS : DICK'S Sporting Goods Reports Third Quarter Results
More news
News from SeekingAlpha
11/21 DICK'S SPORTING GOODS : Great Business, Greater Opportunity
11/20 Foot Locker Made Big Share Repurchases In Q3
11/20 WINNERS AND LOSERS IN RETAIL : Who To Bet On
11/19 DICK'S SPORTING GOODS : Survivor Or Zombie Stock?
11/17 Perspective On Dick's
Financials ($)
Sales 2018 8 631 M
EBIT 2018 501 M
Net income 2018 322 M
Finance 2018 220 M
Yield 2018 2,40%
P/E ratio 2018 9,46
P/E ratio 2019 11,05
EV / Sales 2018 0,33x
EV / Sales 2019 0,33x
Capitalization 3 104 M
Chart DICKS SPORTING GOODS INC
Duration : Period :
Dicks Sporting Goods Inc Technical Analysis Chart | DKS | US2533931026 | 4-Traders
Technical analysis trends DICKS SPORTING GOODS INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 28,5 $
Spread / Average Target 0,49%
EPS Revisions
Managers
NameTitle
Edward W. Stack Chairman & Chief Executive Officer
Lauren R. Hobart President
Lee J. Belitsky CFO, Principal Accounting Officer & Executive VP
Kurt J. Schnieders Chief Information Officer & Senior VP-IT
Lawrence J. Schorr Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DICKS SPORTING GOODS INC-46.18%3 104
LUXOTTICA GROUP-5.87%27 550
SM INVESTMENTS CORPORATION--.--%22 806
ULTA BEAUTY-17.64%13 042
NEXT-12.90%8 452
TRACTOR SUPPLY COMPANY-14.43%8 127