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DICK'S Sporting Goods, Inc. (DKS), together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States.
It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce websites, as well as GameChanger, a youth sports mobile app for scheduling, communications, and live scorekeeping. As of May 1, 2021, it operated 730 DICK'S Sporting Goods stores.
The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was founded in 1948 and is headquartered in Coraopolis, Pennsylvania.
Dick's Sporting Goods reported 2nd Quarter July 2021 earnings of $5.08 per share on revenue of $3.3 billion. The consensus earnings estimate was $2.80 per share on revenue of $2.8 billion. Revenue grew 20.7% on a year-over-year basis.
The company said it expects fiscal 2022 earnings of $12.45 to $12.95 per share on revenue of $11.52 billion to $11.72 billion. The company's previous guidance was earnings of $8.00 to $8.70 per share on revenue of $10.515 billion to $10.806 billion and the current consensus earnings estimate is $9.08 per share on revenue of $10.85 billion for the year ending January 31, 2022.
Please note, this stock reports earnings on Tuesday, November 23rd.
The company announced last week that they are planning to link their brand loyalty membership program with Nike. This stock has formed a "bullish cup and handle" formation, suggesting that shares are reaching a buy point.
Entry Point: $129.75
Trading Range: $50.88 - $147.39
Stop Loss: $123.50
Target Price: $142.00
DKS closed at $112.59
