DKS - DICK'S Sporting Goods, Inc.
| Previous Close | 38.19 |
| Open | 38.50 |
| Bid | 39.00 x 800 |
| Ask | 39.01 x 900 |
| Day's Range | 38.08 - 39.16 |
| 52 Week Range | 29.69 - 41.53 |
| Volume | 1,462,296 |
| Avg. Volume | 2,246,563 |
| Market Cap | 3.518B |
| Beta (3Y Monthly) | 0.93 |
| PE Ratio (TTM) | 11.82 |
| EPS (TTM) | 3.29 |
| Earnings Date | Nov 26, 2019 - Dec 2, 2019 |
| Forward Dividend & Yield | 1.10 (2.88%) |
| Ex-Dividend Date | 2019-09-12 |
| 1y Target Est | 37.73 |
- Zacks
Here's Why DICK'S Sporting is a Solid Investment Pick Now
DICK'S Sporting (DKS) witnesses strong momentum on efforts to build the best omni-channel platform as well as robust merchandising initiatives.
- Moody's
WFRBS Commercial Mortgage Trust 2013-C16 -- Moody's affirms nine classes of WFRBS 2013-C16
The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR), and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.5% of the current pooled balance, compared to 3.2% at Moody's last review. Moody's base expected loss plus realized losses is now 4.1% of the original pooled balance, compared to 2.8% at the last review.
- Zacks
Five Below to Gain From Focus on Pre-Teen Despite Soft Margin
Five Below's (FIVE) focus on pre-teen customers and pricing strategy along with solid comps run bodes well. However, it is battling with higher SG&A expenses and dismal margins.
- Zacks
Are You Looking for a High-Growth Dividend Stock? Dick's Sporting Goods (DKS) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Dick's Sporting Goods (DKS) have what it takes? Let's find out.
- PR Newswire
DICK'S Sporting Goods Hosts First-Ever Fashion Show Featuring Top Sports and Entertainment Talent
PITTSBURGH, Oct. 10, 2019 /PRNewswire/ -- DICK'S Sporting Goods (DKS), the largest U.S.-based, full-line omni-channel sporting goods retailer, hosted it's first-ever fashion show last night in the Chelsea district of New York City. "Tonight was an exciting moment for us as a company," said Lauren Hobart, President, DICK'S Sporting Goods. "Showcasing our apparel, outerwear and footwear assortments in a way we never have before – on a runway in New York City – with some of the most iconic faces in sports and entertainment taking part, was truly special.
- Zacks
Will Bed Bath & Beyond's Strategies Reverse Dismal Run?
Bed Bath & Beyond (BBBY) is grappling with weak comps, which are weighing on the top line. Nevertheless, the company is on track with the transformation plan and store rationalization efforts.
- Zacks
Dollar Tree's Holiday Season Preps Begin With Hiring Event
Dollar Tree (DLTR) plans to hire more than 25,000 seasonal workers to cater to the holiday rush at its namesake and Family Dollar stores.
- Zacks
Should Value Investors Buy Dick's Sporting Goods (DKS) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
Michaels' (MIK) Partnership With UPS to Boost Stores Footfall
Michaels (MIK) partners with UPS, bringing the UPS Access Point locations to more than 1,100 Michaels' outlets across the United States.
- Zacks
DICK'S Sporting Prepares for the Holiday Fest, Plans Hiring
DICK'S Sporting (DKS) plans to hire up to 8,000 seasonal workers for the extravagant holiday season this year.
- American City Business Journals
Dick's Sporting Goods destroys $5M worth of guns
The sporting goods retailer turned the guns into scrap metal rather than return the inventory to manufacturers.
- Yahoo Finance
Why Dick’s Sporting Goods decided to stop selling guns: CEO
Dick's Sporting Goods CEO Ed Stack explains his decision to restrict gun sales at the company.
- Moody's
GS Mortgage Securities Corporation II Commercial Mortgages Pass-Through Certificates Series 2010-C1 -- Moody's affirms four and downgrades four CMBS classes of GSMS 2010-C1
The ratings on three P&I classes were downgraded primarily due to the continued decline in performance from the Burnsville Center loan, representing 12% of the pool. The Burnsville Center loan matures in July 2020 and the declining performance increases the refinancing risk at its upcoming maturity date. The rating on the interest-only (IO) Class, Cl. X, was downgraded due to a decline in the credit quality of its referenced classes.
- Bloomberg
A CEO Who Made the Tough Choices on Guns
(Bloomberg Opinion) -- Dick’s Sporting Goods Inc. started as a single store in Binghamton, New York, catering to fishermen. In short order, the owner, Dick Stack, added hunting gear, including rifles. When Dick’s son Ed began working for his dad as a teenager, handling rifles was part of his job. Guns were second nature.By his early 20s, Ed Stack was essentially running Dick’s (though his father remained the owner). Once he hit 30 and was fully in charge, he embarked on an expansion that’s never ended: Dick’s now has around 750 stores, which generated $8.5 billion in revenue in its last fiscal year.For most of that time, guns were an important category for Dick’s. But the 2012 massacre at the Sandy Hook Elementary School in Newtown, Connecticut, which took the lives of 20 children and seven adults, shook Stack to his core. He decided to pull assault rifles from Dick’s shelves, though he kept relatively quiet about the move.Six years later, after the mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, Stack was again moved to act. A smaller chain, an offshoot of Dick’s called Field & Stream, had continued to sell assault weapons. Out they went. Stack also announced that Dick’s would no longer sell high-capacity magazines and wouldn’t sell guns to anyone under 21. He did one other thing: He went public, granting several television interviews, inviting controversy he had previously avoided.Stack is out with a new book, “It’s How We Play the Game.”(1) For the most part, it is a classic chief executive’s memoir, a tale of success with roadblocks along the way. But the last few chapters detail the difficult decisions he — and Dick’s — have made around guns these last few years. What follows is a lightly edited and condensed version of a conversation we had about guns late last week.Joe Nocera: Do you still have guns in your stores?Ed Stack: We got rid of the kind of guns that were used at Sandy Hook and Parkland. The guns we have today are really for hunting and clay and trap shooting. We did a test with 10 stores recently and eliminated the hunting department to see what would happen if we replaced it with merchandise that we thought would work better in those communities. And we were surprised at just how well those stores did. Earlier this year we took the hunting department out of another 125 stores to see how that would go. And we aren’t putting any firearms in new stores. There are now about 200 stores without any firearms. As we said in our last quarterly call, the whole category is under strategic review.JN: For most of your career, selling guns was a given. Did the popularity of assault weapons give you pause?ES: I never liked the idea of those guns, and we didn’t put them in. Then they were banned from 1994 to 2004. When the ban expired, I still resisted putting them in. We finally started stocking them maybe 12 to 18 months before Sandy Hook. And when Sandy Hook happened, I said, “We’re done.” We took them out of the Dick’s stores. We said we were suspending the sale of modern sporting rifles.(2)But we never put them back in.JN: A lot of people were galvanized by Newtown but their passion eventually faded until Parkland. Did that happen with you?ES: For me, it never went away. After Sandy Hook, we worked for several years on a concept called Field & Stream, which was a specialty hunt, fish, and camp store. We had a lot of debate about whether we were going to put those weapons in those stores. I reluctantly agreed to do it because if we didn’t we wouldn’t be credible in that space. Whenever there was a shooting, whether San Bernardino or the Pulse nightclub in Orlando, it would weigh on me. To the point where we said, we shouldn’t advertise these guns anymore. Then came Parkland. That’s the point where I said, “We’re done. We’re going to stand up and talk about this.” We thought we were in a position to do that as one of the largest firearms dealers in the country.JN: Obviously, you had to know you were going to take a financial hit once you stopped selling assault weapons. How did you think about your responsibility to shareholders versus your responsibility to society?ES: Once we knew what we were going to do, our CFO said we needed to figure out the financial ramifications so we could inform Wall Street. I said, “You’re right we need to do that. But I don’t care what it is, we are going to do this anyway.” We told the Street we would likely take a $250 million hit, and that’s pretty close to what it was. You talk about the shareholders. My family and I are the largest shareholders, and we control the vote. We felt this was the right thing to do for the community and we thought it was the right thing to do for the company long term. Maybe not short term, but long term.JN: How did Wall Street react?ES: We never had a major shareholder saying what you’re doing is crazy. But we also never had any of the so-called socially responsible investors call and say I’m buying your stock because of what you did.JN: It’s well-known that you got a lot of blowback from customers who felt you were trampling on the Second Amendment. What other kind of resistance did you get?ES: The ones who were really upset with us were the firearm brands. A number of them cut us off. I invited all the gun manufacturers to a meeting. Only a few came. A couple of them sent notes saying I’m not coming and what’s more I’m not going to sell to you anymore.JN: Have you ever talked to any of the people trying to develop so-called smart guns, which can only be used by their owners?ES: I think the idea of a smart gun is great. I’ve told a couple of the people who are working on them if you bring it to market, and we think the technology has been perfected, we’ll stock them. If we’re still in the gun business, that is.(1) The book’s full title is “It’s How We Play the Game: Build a Business. Take a Stand. Make a Difference.”(2) “Modern sporting rifle” is the term the industry uses for assault rifle.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Timothy L. O'Brien at tobrien46@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
Dick's Sporting Goods junked $5 million in assault-style-rifle inventory when it stopped selling them
Not only did Dick's Sporting Goods Inc. stop selling assault-style rifles and high-capacity magazines in 2018, it destroyed the assault rifles that it had in its inventory. Dick's Sporting Goods Chief Executive Edward Stack discussed the move during a CBS News appearance to promote his new book, "It's How We Play the Game." During the interview, Stack talked at length about his evolving approach to the sale of guns, something the company had done for decades before it began to pull back. After the Feb. 14, 2018, mass killing at Marjory Stoneman Douglas High School in Parkland, Fla., the company ceased selling guns to anyone under the age of 21, a step that Stack told CBS had cost the company about a quarter of a billion dollars. On top of that, the company scrapped $5 million in assault rifles that were in stock. "I said, 'You know what? If we really think we need to get these things off the street, then we need to destroy 'em.' " Dick's has removed the hunting category, including guns, from more than 125 stores, and says the category is under "strategic review" for the remaining locations. Dick's Sporting Goods operated 727 locations across the U.S. as of Aug. 3. The company's stock, which is up 1.2% in Tuesday trading, has rallied 23% in 2019, while the S&P 500 index has gained 16% for the period.
- Zacks
Moving Average Crossover Alert: DICK'S Sporting Goods
DICK'S Sporting Goods, Inc. (DKS) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- MarketWatch
Dick's Sporting Goods to hire up to 8,000 seasonal workers
Dick's Sporting Goods Inc. said Monday that it plans to hire up to 8,000 seasonal workers for the holidays. To help with the effort, the company is hosting a jobs event, or "National Signing Day," on October 16 where applicants will be interviewed. Last year, Dick's Sporting Goods set out to hire 5,000 workers on National Signing Day. Dick's Sporting Goods stock has gained 24.3% for the year to date while the S&P 500 index is up 17.5% for the period.
- PR Newswire
DICK'S Sporting Goods to Host Second-Annual "National Signing Day" on October 16, Hiring Up to 8,000 Seasonal Teammates
"Our in-store teammates are the key to providing the exceptional customer service experience and insights our customers expect," said JP Elliott, VP of Talent, DICK'S Sporting Goods. Interested applicants are encouraged to first apply online at dicks.com/jobs and then visit their local DICK'S store on National Signing Day to be interviewed and meet the team. Visit dicks.com/jobs to learn more about joining the DICK'S Sporting Goods team this holiday season.
- CBS MoneyWatch
Corporations and guns: How companies are reshaping the gun control debate
While Congress and the White House have resisted increasing restrictions on gun purchases, companies like Dick's Sporting Goods and Walmart are now taking the lead in curtailing sales of firearms or ammunition
- Zacks
DICK'S Sporting Goods Fortifies Store Network, 7 Openings Lined Up
DICK'S Sporting (DKS) to open seven stores in October. Its strategic efforts to strengthen store network and expand e-commerce capabilities are impressive.
- Zacks
Hibbett's (HIBB) Robust Omni-Channel Efforts to Aid Growth
Hibbett (HIBB) benefits from robust omni-channel efforts including a rise in e-commerce penetration and expansion of loyalty program.
- PR Newswire
DICK'S Sporting Goods Announces the Grand Opening of Seven New Stores in October
The retailer will celebrate with Grand Opening festivities at seven new locations PITTSBURGH , Oct. 2, 2019 /PRNewswire/ -- DICK'S Sporting Goods (NYSE: DKS), the largest U.S.-based, full-line omni-channel ...
- Moody's
WF-RBS COMMERCIAL MORTGAGE TRUST 2011-C2 -- Moody's affirms eight classes of WF-RBS 2011-C2
Moody's rating action reflects a base expected loss of 2.2% of the current pooled balance, compared to 0.8% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Yahoo Finance VideoDicks CEO on gun control
Yahoo Finance's Julie Hyman and Adam Shapiro sit down with Dick's CEO Ed Stack.
- Yahoo Finance Video
Dick's CEO on business strategy and outlook for sporting goods
Starting off as a small, single store, Dick's Sporting Goods has transformed into a nationwide 850 store chain. Dick's CEO Ed Stack joins Yahoo Finance's On the Move to discuss his approach to the political and social issues the chain faces.
