#6 - DICK’S Sporting Goods (NYSE:DKS)
The stocks that have been on this list so far are stores that cover a broad range of back-to-school shopping needs. DICK’s Sporting Goods Inc. (NYSE: DKS) is definitely a niche play, but one that complements back-to-school retail shopping habits.
In recent years, DICK’s has accelerated its digital strategy making it a true player in the omnichannel space. In the company’s most recent investor presentation, it didn’t specifically itemize digital sales but did note that over 65% of its sales came from omnichannel athletes (athletes is the company’s name for customers).
Because practices for fall sports are already underway, the company may have some numbers to provide investors with when it delivers earnings on August 27. But will that be enough to move the stock past a level of resistance between $225 and $230 it has hit multiple times in 2024?
A lot will depend on analyst opinions. As of this writing, analysts have a consensus Moderate Buy rating on the stock with a $237 price target.
About DICK'S Sporting Goods
Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
- Current Price
- $194.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $245.50 (26.1% Upside)
