About Us

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

A 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.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

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
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Dick’s Sporting Goods is a Winner for Income Investors

By: MarketBeat

Dick's sporting goods logo sign

Dick’s Sporting Goods (NYSE: DKS) has everything an income investor could want, including business growth, outperformance, improving guidance, solid cash flows, a fortress balance sheet, and robust capital return. The latest results testify to that fact and point the market to new highs. The question now is if Dick’s will hit the new high sooner or later, and the odds favor sooner. The market is up more than 5% in premarket trading, indicating a trend-following signal that could take this market to the high end of the analysts’ range before the end of the year. That’s a 25% upside from current levels. 

Dick’s Scores Another Win for Investors in Q1

Dick’s Sporting Goods Q1 results highlight the business's value for consumers and its place in the retail spectrum. While concerns about consumer health persist, Dick’s results show them spending on sporting goods, and Dick’s is the place to go. The Q1 revenue came in at $3.02 billion, up 6.2% compared to last year on strength in comparable sales and store count growth. 

The revenue also outpaced the consensus estimate reported by MarketBeat by 270 basis points, leading management to issue favorable guidance. Comp sales are up 5.3% on strength in transactions and ticket average, accelerating 170 basis points from the previous year as the company gains share from competitors like Target (NYSE: TGT). 

The margin is also good. The company reported an 11.3% EBIT margin, near record highs, and strength in all metrics. The only bad news is that taxes increased by quadruple digits, leading to a year-over-year (YoY) decline in adjusted earnings, but mitigating factors exist. Earnings are down YoY but only slightly, adjusted EPS outpaced the consensus by $0.33 or more than 1,000 basis points, and the cash flow/free cash flow situation is robust. 

The balance sheet highlights include a flat cash and debt situation with low debt levels in all comparisons. Total debt is less than 2.5 times cash, 1.5 times equity, and 0.4 times assets, leaving the company in a nimble financial position. The cash balance is solid at $1.65 billion, inventories are flush, and assets are rising.

Dick’s Capital Returns are Why You Own This Stock

Dick’s business is solid and allows for robust capital return. The return includes dividends and share repurchases, which drive considerable value. The repurchases and distribution plan allow for aggressive distribution increases because the share count is falling rapidly. The per share distribution is up 10%, about 2.25% in yield, compared to last year, but total dividends paid fell, paving the way for another year of aggressive increase at year-end. Repurchases reduced the diluted share count by an average of 7% YoY in Q1 and are expected to continue this year. 

Twenty-two Analysts are on board with Dick’s Sporting Goods, pegging it at a consensus Moderate Buy and leading the market higher with price target revisions. The post-release pop has the market at consensus, but most recent targets have the stock near the range's high end of $60. The question is whether they will stand firm with their sentiment or continue the trend; either way, this stock is set to hit a new all-time high. 

Dick’s Sporting Goods Trends Higher: New Highs are in Sight

Dick’s Sporting Goods has been trending higher since 2020 when it had a game-changing event: social distancing. Social distancing reinvigorated the US sporting world and eCommerce, where Dick’s was already established. The combination put Dick’s in a new league that it continues to dominate. Based on the chart, the stock price could gain a new high and advance another 50% or $100 on price-multiple expansion. Trading at 14.7 times is a value that can be compared to the other leading retailers, Walmart (NYSE: WMT) and TJX Companies (NYSE: TJX). 

Dick's stock chart

More News

View More
Catch the Next Bitcoin Rally With These 3 ETFs
Via MarketBeat
Topics ETFs
Tickers BITQ FBTC IBIT
MarketBeat Week in Review – 10/06 - 10/10
Via MarketBeat
Topics Economy
Tickers ACHR AMD AMZN AVGO CELH CRWV
3 Heavily Shorted Stocks That Could Pop on Rate Cuts
Via MarketBeat
Topics Artificial Intelligence Economy
Tickers ETSY SMR SOUN
Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
Via MarketBeat
Tickers AVGO META
PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Via MarketBeat
Tickers PEP
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.