Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Dick’s Sporting Goods Deserves A Higher Price Multiple

Dick's Sporting Goods sign stock price

Reports from names like Walmart (NYSE: WMT), Target (NYSE: TGT), Home Depot (NYSE: HD), Lowe’s (NYSE: LOW), and Foot Locker (NYSE: FL) have signaled a new reality for discretionary spending that Dick’s Sporting Goods (NYSE: DKS) is immune from. While the others speak of shifting trends that have cut into discretionary spending and resulted in weak or weakened guidance, Dick’s continues to grow and outperform its consensus estimate. This is not a surprise. The company has been outperforming consensus for many years due to relentless execution by management. That, coupled with its dividend percentage, the payout ratio, and the outlook for distribution growth, make the 13.5X that the stock trades for cheap indeed. 

“Even as consumers face macroeconomic uncertainties, our athletes have continued to prioritize sport and rely on DICK'S to meet their needs, and we continue to gain market share,” said Lauren Hobart, president of Dick’s Sporting Goods. 

Dick’s Sporting Goods Dividend Attracts Buy And Hold Investors

How does Dick’s Sporting Goods dividend stack up? The stock pays more than 3.15%, trading shares at recent highs. This is above Target and Walmart, the next go-to names for general sporting goods needs, and both trade at significantly higher multiples. Other sporting good-specific names like Hibbett (NASDAQ: HIBB) also offer value but don’t pay investors to own them similarly. Regarding safety and the growth outlook?

Dick’s Sporting Goods is paying only 16% of the EPS consensus, which may be a conservative estimate, and it’s been increasing for 8 years at a high-double-digit pace. Based on the numbers, this stock could easily become a Dividend Aristocrat, which is a trajectory that will support upward movement in the price over time.

Those stats attract long-term buy-and-hold money, as seen in the institutional and analyst activity. The institutions have been trimming holdings over the past few quarters as the stock price returned to its pandemic highs, but they still own 75% of the company. Their sentiment may change now that Q1 results are in; analysts think the stock could move much higher. 

Marketbeat’s analyst-tracking tools haven’t picked up any revisions since the Q1 release, but the trend in sentiment is bullish. There are 23 analysts with current ratings that have the stock pegged at Moderate Buy, up from Hold last year, and the price target is trending higher. The consensus target is above $156, more than 20% above the price. That’s well into the new all-time high territory and puts the stock at a significantly higher valuation than it is trading for now. 

Dick’s Sporting Goods Had A Great Quarter

Dick’s had a great quarter, with revenue up 5.2% compared to last year. The revenue beat consensus by 150 basis points on a strong comp gain, and margins widened. The company says comps are up on ticket average and transaction count, unlike what’s been reported by others. Earnings came in at $3.40 or $0.19 above consensus and are up 19% compared to the 5.2% top-line gain. The icing on the cake is the balance sheet news which shows cash down but inventories up, debt down, and the company is net-cash. This aligns with the dividend outlook and allows for share repurchases. 

The chart is iffy. Dicky’s has broken the trend and is heading down toward support near $116 and $120. This should result in a firm bounce, but investors should wait before rushing into the market. The stock should begin trending higher again once it has corrected from the triple-digit rally it posted from mid-2022 to early 2023. 

Dicks Sporting Goods Stock chart

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.