Back to top

Bull of the Day: Dick's Sporting Goods (DKS)

Read MoreHide Full Article

In the post-COVID world, the last place I would look for a great stock is in retail. I mean, it’s pretty obvious that shut-downs would put companies like this on the back foot. They would be reeling for weeks, months, possibly even years, trying to fight back and earn all those lost dollars. So, it was so surprising for me to find that one of these stocks was not only ranked a Zacks Rank #1 (Strong Buy), but that they were positioned to make a mighty come back.

Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Dick’s Sporting Goods (DKS - Free Report) . DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce websites, as well as GameChanger, a youth sports mobile app for scheduling, communications, and live scorekeeping. As of August 01, 2020, it operated 726 DICK'S Sporting Goods stores. 

The reason for the favorable Zacks Rank lies within the series of recent earnings estimates to the upside from analysts all over Wall Street. DKS is in the Retail – Miscellaneous industry which ranks in the Top 18% of our Zacks Industry Rank. In addition to the favorable rank. Dick’s also features a Zacks Momentum Style Score of A and a VGM Composite Score of B.

The rank is so good because over the last week 10 analysts have increased their earnings estimates for the current year as well as next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for next year from $3.92 to $5.85, while next year’s number is up from $4.19 to $5.01.

Legal Marijuana: An Investor’s Dream

Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.

Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.

Download Marijuana Moneymakers FREE >>

 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


DICKS Sporting Goods, Inc. (DKS) - free report >>