Advertisement
Singapore markets closed

  • Straits Times Index

    3,300.00
    -4.00 (-0.12%)
     

  • S&P 500

    5,492.79
    +5.76 (+0.10%)
     

  • Dow

    38,893.94
    +59.08 (+0.15%)
     

  • Nasdaq

    17,873.43
    +11.20 (+0.06%)
     

  • Bitcoin USD

    64,947.39
    -2.11 (-0.00%)
     

  • CMC Crypto 200

    1,347.82
    -34.84 (-2.52%)
     

  • FTSE 100

    8,266.05
    +60.94 (+0.74%)
     

  • Gold

    2,373.70
    +26.80 (+1.14%)
     

  • Crude Oil

    82.21
    +0.64 (+0.78%)
     

  • 10-Yr Bond

    4.2810
    +0.0640 (+1.52%)
     

  • Nikkei

    38,633.02
    +62.26 (+0.16%)
     

  • Hang Seng

    18,335.32
    -95.07 (-0.52%)
     

  • FTSE Bursa Malaysia

    1,592.69
    -7.10 (-0.44%)
     

  • Jakarta Composite Index

    6,819.32
    +92.40 (+1.37%)
     

  • PSE Index

    6,344.56
    -21.47 (-0.34%)
     

Here's How Much a $1000 Investment in Dick's Sporting Goods Made 10 Years Ago Would Be Worth Today

Zacks Equity Research
·3-min read

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.

FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.

What if you'd invested in Dick's Sporting Goods (DKS) 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.

ADVERTISEMENT

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

While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Dick's Sporting Goods ten years ago, you're probably feeling pretty good about your investment today.

According to our calculations, a $1000 investment made in June 2014 would be worth $4,955.52, or a gain of 395.55%, as of June 5, 2024, and this return excludes dividends but includes price increases.

Compare this to the S&P 500's rally of 174.46% and gold's return of 78.41% over the same time frame.

Analysts are anticipating more upside for DKS.

Shares of DICK’S Sporting have outperformed the industry in the past three months. The company has been gaining from solid strategic efforts, brand strength and continued market share gains. This led to a robust top-line performance in first-quarter fiscal 2024. Also, strong comps and healthy transaction growth acted as tailwinds. The company has also been enhancing service levels at all its digital and store experiences to meet the athletes’ needs. For fiscal 2024, the company expects comps growth of 2-3% year over year. In addition, 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, higher wage rates and increased investments in talent, technology and marketing led to elevated costs in the fiscal first quarter.

The stock is up 8.83% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 11 higher, for fiscal 2024. The consensus estimate has moved up as well.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

DICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research