FMP
May 22, 2024 12:36 PM - Davit Kirakosyan
Williams Trading analysts reaffirmed their Buy rating and a $235 price target on Dick's Sporting Goods (NYSE:DKS) ahead of the company’s Q1/24 earnings release on Wednesday, May 29th. Despite expected short-term challenges, the analysts advised buying the stock. They noted that consensus estimates do not fully account for the following factors: first, the gross margin pressures from elevated "shrink rates" will begin to ease in Q2/24 as year-over-year comparisons become more favorable; second, there are SG&A pressures due to significant marketing campaigns for House of Sport store openings.
As a result, the analysts adjusted their Q1/24 EPS estimate from $3.03 to $2.85 to better reflect these margin and expense pressures. The analysts remain confident that Dick's Sporting Goods is successfully capturing market share from department stores in active apparel, particularly among women, and from some athletic specialty retailers, thanks to improved merchandise assortments and better digital and store execution. While the digital experience continues to outperform the in-store experience, the stores are showing progress.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...