We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
If You Invested $1000 in Dick's Sporting Goods a Decade Ago, This is How Much It'd Be Worth Now
Read MoreHide Full Article
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Dick's Sporting Goods (DKS - Free Report) ten years ago? It may not have been easy to hold on to DKS for all that time, but if you did, how much would your investment be worth today?
Dick's Sporting Goods' Business In-Depth
With that in mind, let's take a look at Dick's Sporting Goods' main business drivers.
DICK’S Sporting Goods Inc. was founded in 1948 in New York under the labels Dick's Clothing and Sporting Goods, Inc. It was earlier reincorporated as a Delaware corporation and changed our name to Dick's Sporting Goods, Inc. in April 1999. The company’s executive office is located in Coraopolis, Pennsylvania.
The company operates as a major omni-channel sporting goods retailer, offering athletic shoes, apparel, accessories and a broad selection of outdoor and athletic equipment for team sports, fitness, camping, fishing, tennis, golf, water sports, etc.
DICK’S Sporting offers these items through a blend of associates, in-store services and unique specialty shop-in-shops. DICK’S Sporting also owns operates Golf Galaxy and Field & Stream stores as well as Team Sports HQ. It also operates all-in-one youth sports digital platform, which offer scheduling, communications and live scorekeeping via the GameChanger mobile apps, free league management services, custom uniforms and fan wear.
The company also operates through its e-commerce websites and catalog operations. The company operates 4 kinds of stores – a) single-level DICK’S Sporting stores of approximately 50,000 square feet, b) two-level DICK’S Sporting store of approximately 80,000 square feet, c) DICK’S Sporting stores for smaller markets of about 35,000–40,000 square feet, and d) 13,000–18,000 square feet Golf Galaxy stores.
DICK’s Sporting stocks nationally recognized brands such as Callaway Golf, adidas, TaylorMade-adidas Golf, The North Face, Asics, Under Armour, Nike, Columbia and Remington.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Dick's Sporting Goods a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in February 2013 would be worth $2,686.83, or a 168.68% gain, as of February 20, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500 gained 168.40% and the price of gold went up 13.09% over the same time frame.
Looking ahead, analysts are expecting more upside for DKS.
Shares of DICK’S Sporting have outpaced the industry in the past year. The stock’s bullish run on the bourses can be attributable to robust surprise trend, which continued in third-quarter fiscal 2022. This marked the 10th straight quarter of earnings and sales beat. The company witnessed growth on a two-year basis, driven by strength in its core strategies. As a result, it raised fiscal 2022 view. For fiscal 2022, the company expects a comp to be negative 1.5-3%, which is in sync with our comps estimate of negative 2.2%. Its store expansion initiatives, driven by DICK'S House of Sport, Golf Galaxy Performance Center, Public Lands and Going, Going, Gone! Stores, bode well. However, earnings declined year over year. Gross margin were hurt by higher promotional activities and investment to support growth strategies.
Shares have gained 5.77% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
If You Invested $1000 in Dick's Sporting Goods a Decade Ago, This is How Much It'd Be Worth Now
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Dick's Sporting Goods (DKS - Free Report) ten years ago? It may not have been easy to hold on to DKS for all that time, but if you did, how much would your investment be worth today?
Dick's Sporting Goods' Business In-Depth
With that in mind, let's take a look at Dick's Sporting Goods' main business drivers.
DICK’S Sporting Goods Inc. was founded in 1948 in New York under the labels Dick's Clothing and Sporting Goods, Inc. It was earlier reincorporated as a Delaware corporation and changed our name to Dick's Sporting Goods, Inc. in April 1999. The company’s executive office is located in Coraopolis, Pennsylvania.
The company operates as a major omni-channel sporting goods retailer, offering athletic shoes, apparel, accessories and a broad selection of outdoor and athletic equipment for team sports, fitness, camping, fishing, tennis, golf, water sports, etc.
DICK’S Sporting offers these items through a blend of associates, in-store services and unique specialty shop-in-shops. DICK’S Sporting also owns operates Golf Galaxy and Field & Stream stores as well as Team Sports HQ. It also operates all-in-one youth sports digital platform, which offer scheduling, communications and live scorekeeping via the GameChanger mobile apps, free league management services, custom uniforms and fan wear.
The company also operates through its e-commerce websites and catalog operations. The company operates 4 kinds of stores – a) single-level DICK’S Sporting stores of approximately 50,000 square feet, b) two-level DICK’S Sporting store of approximately 80,000 square feet, c) DICK’S Sporting stores for smaller markets of about 35,000–40,000 square feet, and d) 13,000–18,000 square feet Golf Galaxy stores.
DICK’s Sporting stocks nationally recognized brands such as Callaway Golf, adidas, TaylorMade-adidas Golf, The North Face, Asics, Under Armour, Nike, Columbia and Remington.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Dick's Sporting Goods a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in February 2013 would be worth $2,686.83, or a 168.68% gain, as of February 20, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500 gained 168.40% and the price of gold went up 13.09% over the same time frame.
Looking ahead, analysts are expecting more upside for DKS.
Shares of DICK’S Sporting have outpaced the industry in the past year. The stock’s bullish run on the bourses can be attributable to robust surprise trend, which continued in third-quarter fiscal 2022. This marked the 10th straight quarter of earnings and sales beat. The company witnessed growth on a two-year basis, driven by strength in its core strategies. As a result, it raised fiscal 2022 view. For fiscal 2022, the company expects a comp to be negative 1.5-3%, which is in sync with our comps estimate of negative 2.2%. Its store expansion initiatives, driven by DICK'S House of Sport, Golf Galaxy Performance Center, Public Lands and Going, Going, Gone! Stores, bode well. However, earnings declined year over year. Gross margin were hurt by higher promotional activities and investment to support growth strategies.
Shares have gained 5.77% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.