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Dividend Growth Idea Dick’s Sporting Goods Announces Great News

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Image Shown: Dividend Growth Idea Dick’s Sporting Goods Inc has put up tremendous performance of late. By Callum Turcan On August 25, Dick’s Sporting Goods Inc (DKS) reported second quarter earnings for fiscal 2021 (period ended July 31, 2021) that soared past consensus top- and bottom-line estimates. Furthermore, Dick’s Sporting Goods raised its full-year guidance for fiscal 2021, doubled its minimum share buyback program to $0.4 billion for fiscal 2021, increased its regular quarterly dividend by 21% on a sequential basis to $0.4375 per share (bringing its annualized payout up to $1.75 per share), and announced a special dividend of $5.50 per share during its latest earnings update. We are incredibly pleased with the company’s performance of late. Dick’s Sporting … Read more

Nike Beats Estimates Aided By Its Omni-Channel Selling Strength

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Image Shown: Shares of Nike Inc popped higher after its latest earnings report. By Callum Turcan On June 24, Nike Inc (NKE) reported fourth quarter earnings for fiscal 2021 (period ended May 31, 2021) that beat both consensus top- and bottom-line estimates. Shares of NKE popped higher after the report. The top end of our fair value estimate range for Nike sits at $160 per share, meaningfully above where shares of NKE are trading at as of this writing–even after the latest bounce in its stock price. Earnings Update Keeping in mind that the coronavirus (‘COVID-19’) pandemic creates a lot of noise when it comes to year-over-year comparisons, Nike’s GAAP revenues surged higher 96% year-over-year last fiscal quarter. Nike-branded footwear … Read more

Lululemon’s Growth Outlook Is Bright

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Image Source: Lululemon Athletica Inc – First Quarter of Fiscal 2021 IR Earnings Infographic By Callum Turcan Athleisure wear maker Lululemon Athletica Inc (LULU) recently reported first quarter earnings for fiscal 2021 (period ended May 2, 2021) that smashed past both consensus top- and bottom-line estimates. Its company-operated stores posted net revenue growth of 106% year-over-year as global economies began to recover from the coronavirus (‘COVID-19’) pandemic. The company’s direct-to-consumer (‘DTC’) net revenue grew 55% year-over-year (the e-commerce side of its business) last fiscal quarter, keeping in mind its DTC business more than doubled its net revenues in fiscal 2020. We were impressed with Lululemon’s latest results, and there could be room for shares of LULU to continue climbing higher. … Read more

Dick’s Sporting Goods Soars, Reports Record First-Quarter Sales, Highest-Ever Quarterly Earnings!

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Image Shown: Dick’s Sporting Goods’ stock price soared following the release of its first-quarter fiscal 2021 earnings report and robust guidance for the remainder of the year. We added the sporting goods retailer to the Dividend Growth Newsletter portfolio last November, and we continue to like shares. By Brian Nelson, CFA On Wednesday, May 26, Dick’s Sporting Goods (DKS) released a stellar fiscal first-quarter earnings report for the period ending May 1, 2021, that showed its omni-channel sales strategy is paying off as the U.S. economy continues its robust recovery. We added Dick’s Sporting Goods to the Dividend Growth Newsletter portfolio in November of last year, and its dividend growth prospects remain as strong as ever. In March of this year, … Read more

Video: Sports Cards as an Alternative Asset Class

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Sports Cards as an Alternative Asset Class Valuentum’s President Brian Nelson explains recent developments in the sports cards and memorabilia market, and why he thinks the area will become a feasible, transparent and liquid alternative asset class for investors to consider in the longer run. Tickerized for CLCT, MUDS, BID, MVP, MSGN, MSGS, VIAC, GTN, BATRA, BATRK, FDMSF, MANU, WWE, NKE, UA, UAA, ADDYY, DIS, ELY, DKS, FWONK, EDR, BETZ, RACE, SEAH, RBAC, SPTKU, PUCKU, SBGI, AKIC, DVD, PLBY —– Valuentum members have access to our 16-page stock reports, Valuentum Buying Index ratings, Dividend Cushion ratios, fair value estimates and ranges, dividend reports and more. Not a member? Subscribe today. The first 14 days are free. Brian Nelson owns shares in SPY, … Read more

Nike’s Digital Strategy Supports Its Future Revenue Growth and Margin Expansion Prospects

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Image Shown: Since announcing the launch of its Consumer Direct Offense initiative in June 2017, Nike Inc has done a stellar job building its omni-channel selling capabilities. The company’s digitally-oriented direct-to-consumer strategy offers it the opportunity to enhance both its long-term revenue growth outlook and operating margin expansion potential. On March 18, Nike reported mixed earnings though its near-term guidance indicates its financial performance will continue to rebound after taking a beating from the COVID-19 pandemic. As of this writing, shares of NKE are trading in the upper bound of our fair value estimate range, indicating shares are roughly fairly valued at this time. By Callum Turcan The coronavirus (‘COVID-19’) pandemic has made it clear that companies with strong omni-channel … Read more

Dividend Growth Portfolio Idea Dick’s Sporting Goods Raises Dividend 16%!

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  Image Source: Mike Mozart. Dick’s Sporting Goods put up its best same-store-sales growth rate in history during 2020. We continue to like shares of the sporting goods retailer in the Dividend Growth Newsletter portfolio. By Brian Nelson, CFA Kudos to one of the latest additions to the Dividend Growth Newsletter portfolio, Dick’s Sporting Goods (DKS). The company announced March 9 concurrent with its fourth-quarter 2020 press release that it increased its quarterly payout 16%, to $0.3625 per share, or $1.45 per share on an annualized basis, good enough for a nice ~2% forward expected dividend yield. The latest iteration of the Dividend Growth Newsletter portfolio can be found here. With a Dividend Cushion ratio of 3.2 at its last … Read more

Peloton Makes a Bet on US Manufacturing

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Image Shown: Shares of Peloton Interactive surged higher during 2020. The firm recently announced it would acquire an exercise equipment manufacturer based in the US. As demand for Peloton’s products has been incredibly strong of late, the firm has had trouble keeping up, which in turn has led to delayed deliveries of its “premium” exercise bikes. This acquisition is expected to help alleviate those concerns. By Callum Turcan The exercise bike and digitally-oriented exercise training service provider Peloton Interactive Inc (PTON) announced it was acquiring Precor, an exercise equipment manufacturer, for $420 million in cash (before closing adjustments) on December 21. Peloton aims to complete the transaction by early 2021 (calendar year), and by the end of 2021, the goal … Read more

Omni-Channel Strategy at Dick’s Sporting Goods Makes It a Long-Term Dividend Growth Idea

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Image Source: Dick’s Sporting Goods Inc – Third Quarter of 2020 Earnings Infographic By Callum Turcan The ongoing coronavirus (‘COVID-19’) pandemic, due to the desire of households to socially distance, has driven a meaningful amount of consumer spending to e-commerce platforms. Retailers that invested heavily in their online operations, while also bulking up their omni-channel sales capabilities, were in a much better position when the pandemic hit than those that had to rely largely on their physical footprint. Over the past year, “contactless” delivery options have become much more popular. That includes fulfillment options such as curbside pickup and in-store pickup (usually in specially designated areas), where consumers purchase goods online and then travel to the relevant physical store location … Read more

Dick’s Sporting Goods’ 2%+ Dividend Yield Is Solid

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Dick’s Sporting Goods put up impressive third-quarter results that showed strong sales performance across both e-commerce and brick-and-mortar. E-commerce/digital/online sales continue to soar across the broader retail arena. Dick’s Sporting Goods’ gross and merchandising margins were healthy during its third quarter, and its inventory is clean as the sporting goods retailer heads into the all-important holiday season. We’re big fans of Dick’s Sporting Goods’ tremendous free cash flow generation and its balance sheet health. For dividend growth investors, Dick’s Sporting Goods offers a compelling combination of a 2%+ dividend yield and an impressive 3.2 Dividend Cushion ratio at the time of this writing. By Brian Nelson, CFA On November 24, Dick’s Sporting Goods (DKS) reported fantastic third-quarter results that showed … Read more