|
|
Recent Articles
-
Dick’s Sporting Goods Soars, Raises Dividend 10%
Mar 14, 2024
-
Image: Dick’s Sporting Goods’ shares have soared since the doldrums of the COVID-19 meltdown.
On March 14, Dividend Growth Newsletter portfolio holding Dick’s Sporting Goods reported better-than-expected top and bottom-line performance for the fourth quarter and issued a solid outlook for fiscal 2024. Shares of Dick’s Sporting Goods have done fantastic since the worst of the COVID-19 meltdown years ago, and the momentum behind its business remains strong, as evidenced by a nice 10% increase in its quarterly dividend. We expect to raise our fair value estimate of Dick’s Sporting Goods upon our next valuation model update, and the company remains a key idea in the Dividend Growth Newsletter portfolio.
-
Latest Report Updates
Mar 14, 2024
-
Check out the latest report updates on the website.
-
Williams-Sonoma Beats in Fourth Quarter, Raises Dividend 26%
Mar 13, 2024
-
Image: Williams-Sonoma is facing revenue pressure, but free cash flow trends are robust. Image Source: Williams-Sonoma.
On March 13, Williams-Sonoma surprised the Street to the upside with better-than-expected fourth quarter results, a huge dividend increase, and the launch of an incremental $1 billion in share repurchases. We expect to raise our fair value estimate as a result of the good news. Though the firm’s sales continue to face pressure due to a weakened housing market, its cash-based sources of intrinsic value are robust, and shares yield 1.6% on a forward estimated basis.
-
Oracle Hits Optimistic Note in Fiscal Third Quarter
Mar 11, 2024
-
Image Source: Peter Kaminski.
Oracle posted solid third-quarter fiscal 2024 results, drove nice growth across its cloud business, set an all-time record with respect to Remaining Performance Obligations, and spoke very positively (“hypergrowth”) about its Gen2 Cloud Infrastructure business. Oracle has a large net debt position due in part to its purchase of Cerner, but free cash flow of ~$8.52 billion for the first nine months of its fiscal year showcased robustness and a nice improvement on a year-over-year basis, as both operating cash flow advanced while capital spending fell. We continue to like Oracle as an idea in the Dividend Growth Newsletter portfolio.
|
