Full-line sporting goods retailer
DICK'S Sporting Goods Inc.
) remains focused on driving growth through expansion of its store
base. In line with its strategic initiatives, the company recently
announced the opening of two new Field & Stream stores, one
each at Columbus, OH and Cary, NC.
The specialty retail concept store, which offers a wide variety
of outdoor equipment, accessories and services for fishing,
camping, hunting, archery and many more will be located at Easton
Town Center, 4280 Easton Gateway Drive in Columbus and at Parkside
Town Commons, 1048 Parkside Main Street in Cary. The stores are
scheduled to open on Sep 5, 2014 with celebrations extending over
Apart from enjoying giveaways and activities during the
celebration weekend, customers will get the opportunity to learn
tips and techniques from proficient anglers at the 4,000 gallon
Field & Stream bass tank, and practice at the Field &
Stream archery trailer.
Offerings at the Field & Stream store will include outdoor
equipment, accessories and services in hunting, fishing, archery,
camping and more. Additionally, the store will offer a large
collection of leading national outdoor brands, including Hoyt,
Remington, Sitka, Sage, Simms and Yeti and provide first class
Apart from this, DICK'S Sporting also announced that it is
looking for anglers, campers, hunters and outdoor enthusiasts to
join the company as associates. The interested candidates may apply
at "Jobs.Field&StreamShop.com". Selected candidates will be
provided training on equipment and apparel enabling them to assist
We believe that the company's strategic measures of
consolidating its store base and use of technology to provide
better services will enhance its relationship with present
customers while attracting new ones and effectively promote its
However, DICK'S Sporting currently carries a Zacks Rank #5
(Strong Sell), reflecting lower-than-expected first-quarter fiscal
2014 results and trimmed guidance followed by downward revision in
the Zacks Consensus Estimate.
The company's adjusted earnings of 50 cents per share not only
missed the Zacks Consensus Estimate of 53 cents but also came below
its own guidance range of 51-52 cents. Management blamed the miss
on unfavorable weather, which negatively impacted its golf and
For fiscal 2014, management now anticipates earnings per share
to be between $2.70 and $2.85, down from the previous forecast of
$3.03-$3.08. Currently, the Zacks Consensus Estimate stands at
$2.77 per share, down 10% in the past 60 days.
Other Stocks to Consider
Some better-ranked stocks in the same industry include
Barnes & Nobel, Inc.
Five Below, Inc.
), each carrying a Zacks Rank #2 (Buy).
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