|Bid||26.10 x 200|
|Ask||26.15 x 400|
|Day's range||25.15 - 26.33|
|52-week range||9.40 - 29.18|
|PE ratio (TTM)||15.38|
|Earnings date||16 May 2018 - 21 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||24.05|
In a bid to catch up with evolving consumer trends, retailers are making higher investments toward omni-channel capabilities, largely denting margins.
As of April 13, 2018, most analysts covering Dick’s Sporting Goods (DKS) stock had recommended “hold.” Of 30 analysts, 63.0% recommended “hold,” 27.0% recommended “buy,” and 10.0% recommended “sell.”
Comparing PE (price-to-earnings) multiples for companies in the same sector helps investors make sound investment decisions. Forward PE multiples, which are stock prices divided by analysts’ earnings estimates for the next four quarters, are among the most used ratios for investment decisions.
In fiscal 2018, Dick’s Sporting Goods (DKS) expects to report EPS (earnings per share) of $2.80–$3.00, compared with $3.01 in fiscal 2017. Its bottom line is expected to be impacted by having one fewer week in the year—the 53rd week in fiscal 2017 added $0.09 to its bottom line. Due to the Tax Cuts and Jobs Act, the effective tax rate is expected to be 26% in fiscal 2018, compared with 35.5% in fiscal 2017.
Hibbett (HIBB) witnesses strained margins for nearly six quarters. Improvement in product margins is likely to aid gross-margin growth in fiscal 2019.
In fiscal 2018, Dick’s Sporting Goods (DKS) expects its gross margin to contract marginally due to an improved inventory balance in the supply chain and an innovative product pipeline. In fiscal 2018, its operating margin is expected to narrow from the 5.6% reported in fiscal 2017. In fiscal 2017, Dick’s Sporting Goods reported a gross margin of ~29%, marking a contraction of 90 basis points from fiscal 2016, primarily due in an increase in costs of goods sold as a percentage of sales.
Comps fell 0.3% YoY as weakness persisted in the hunting and the electronics categories. The company expects its private brands business to strengthen in 2018 as it allocates more store space to brands such as Walter Hagen, Top-Flite, Calia, and Field & Stream. The company reported private brand sales of ~$1 billion in 2017, and it projects to add $1 billion more in revenue in a shorter time frame.
Sports goods retailer Dick’s Sporting Goods (DKS) has had a fine run on the bourses so far in 2018. As the proverb goes, “a rising tide lifts all boats”—other sporting goods retailer stocks are also doing well. Hibbett Sports (HIBB) has risen 30.4%, and Big 5 Sporting Goods (BGFV) has risen 2.6%.
Hibbett Sports (HIBB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Don't get too comfortable with those gains though, warns Susquehanna's Sam Poser. Poser reiterated a Negative rating and $11 price target on the stock Thursday, writing that Under Armour's brand and inventory positions "remain precarious," and he doesn't think it will be able to achieve its fiscal year gross margin and earnings-per-share guidance. Poser writes that confidence in his bearish take was reinforced after he looked at the 10K filings of Dick's Sporting Goods (DKS) and Hibbett Sports (HIBB): They showed that at Dick's Under Armour represented less than 10% of fiscal 2017 total purchases, down from 12% the year before, while Hibbett Sports' purchases of its products decreased about 35%, or about $36 million its last fiscal year, a trend Poser sees continuing.
Hibbett Sports (HIBB) remains well positioned to gain from the growth of omni-channel capabilities, improved Rewards members, and small market strategy and inventory management initiatives.
Under Armour saw its shares slide at two major sporting goods retailers last year. In a Monday note, Credit Suisse compared the effect of products from Barron’s Next 50 companies Under Armour and Nike at Dick’s Sporting Goods (DKS) and Hibbett Sports (HIBB). At Dicks, Nike and Under Armour saw their combined share of purchases drop to 28% in 2017 from 32%.
Shares of Dick's Sporting Goods (DKS) tumbled after the sporting goods retailers' earnings report earlier this month, and Hibbett Sports (HIBB) also lost ground after reporting fourth-quarter earnings. Credit Suisse analyst Seth Sigman likens Dick's and Hibbett to another pair of brand-dependent retailers: Best Buy (BBY) and Toys 'R' Us. By contrast, Best Buy lowered its prices early on, beefed up its service, and increased its partnerships with top vendors, while also investing in its online operations.
Hibbett (HIBB) reports mixed results for fourth-quarter fiscal 2018, wherein earnings topped estimates and sales were in line. Further, it provided a soft outlook for fiscal 2019.
NEW YORK, March 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Hibbett Sports Inc. shares rose nearly 1% in Friday premarket trading after fourth-quarter results met expectations. Net income totaled $9.7 million, or 51 cents per share, down from $12.1 million, or ...
On a per-share basis, the Birmingham, Alabama-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring gains, were 44 cents per share. The results beat Wall Street expectations. ...
The economic calendar is busy on Friday as investors look to get something going amid what's been a pretty downbeat weak of trading for stocks.
Tiffany will report holiday-quarter results, just two days after Signet Jewelers stock collapsed on weak guidance.
Hibbett Sports (HIBB) is slated to release fourth-quarter fiscal 2018 results on Mar 16. The company has been gaining from its strategic initiatives.
Shares of Dick's Sporting Goods (DKS) plummeted on Tuesday morning after the company reported weaker-than-expected holiday quarter sales. But does this slow Q4 from Dick's mean a similar downturn is in store for fellow sports retailer Hibbett Sports (HIBB)? Let's take a closer look.