4 Retailers Hit 52-Week Highs: DKS, MW, EXPR, AZO
Dick's Sporting Goods
The athletic goods retailer posted fourth-quarter earnings on Tuesday of $111.1 million, or 88 cents a share, up from year-ago earnings of $87.5 million, or 71 cents. Analysts were expecting earnings of 88 cents a share.
Shares of Dick's Sporting Goods hit a 52-week high Wednesday of $47.70. The stock's 52-week low of $29.10 was set on Aug. 9.
Dick's Sporting Goods has an estimated price-to-earnings ratio for next year of 16.99 times; the average for specialty retailers is 16.88. For comparison, Big 5 Sporting Goods (BGFV) has a lower forward P/E of 9.54; Hibbett Sports' (HIBB) forward P/E is 20.81.
Sixteen of the 24 analysts who cover Dick's Sporting Goods rated it buy; eight analysts gave the stock a hold rating.
TheStreet Ratings' gives Dick's Sporting Goods a B+ grade with a buy rating and a $54.03 price target. The stock has risen 28.17% year to date.
The retailer is scheduled to report fourth-quarter earnings on Wednesday. Analysts, on average, anticipate a loss of 13 cents a share revenue of $563.17 million.
"With minimal exposure to weather impacts combined with favorable replenishment demand as well as a new fashion cycle within modernized suiting, we believe our Q4 numbers remain intact," Wedbush analysts wrote in a Feb. 29 report. "In addition to difficult +DD same-store sales comparisons in F12, we also highlight management has previously indicated the desire to become more visible with marketing and promotional efforts at all retail brands which may pressure margins and delay the highly anticipated return to +DD operating margins. Thus, while we are impressed with MW's ability to maintain steady sales momentum and gradual margin improvement in a volatile macro environment (note our/consensus forecasts already reflects +13% earnings growth following +57% in F11), we prefer to be more constructive on a pull-back."
Shares of Men's Wearhouse hit a 52-week high Wednesday of $40.23. The stock's 52-week low of $24.50 was set on Oct. 4.
Men's Wearhouse has a forward P/E of 15.16; the average for apparel retailers is 17.03. For comparison, both Jos. A Bank Clothiers (JOSB) and Casual Male Retail Group (CMRG) have lower forward P/Es of 13.18 and 10.44, respectively.
Seven of the nine analysts who cover Men's Wearhouse rated it buy; two analysts gave the stock a hold rating.
TheStreet Ratings gives Men's Wearhouse a B+ grade with a buy rating and $45.85 a price target. The stock has risen 23.14% year to date.