Why DICK’S Sporting Items (DKS) Inventory Is perhaps a Nice Choose


One stock that might be an interesting choice for investors right now is DICK’S Sporting Goods, Inc. DKS. This is because this retail-miscellaneous security is seeing solid earnings estimate revision activity and is in the best of company from the point of view of the Zacks Industry Rank.

This is important as a rising tide often moves all boats in an industry as there can be broad trends in a segment that will boost stocks across the board. This arguably happens in the Retail-Other space, as it currently has a Zacks industry rank of 32 out of more than 250 industries, which suggests it is well positioned from that perspective, especially when compared to other segments out there.

Meanwhile, DICK’S Sporting Goods looks pretty good on its own too. The company saw solid earnings forecast revision activity last month, suggesting that analysts are slightly more optimistic about the company’s outlook in both the short and long term.

DICK’S Sporting Goods, Inc. Price and Consensus

DICKS Sporting Goods, Inc. Price and Consensus

DICK’S Sporting Goods, Inc. Price Consensus Chart | DICK’S Sporting Goods, Inc. quote

In fact, the estimates for the current quarter rose from $ 2.43 per share to $ 2.60 per share last month, while the estimates for the current year rose from $ 8.25 per share to $ 8.92 per share . This has helped DKS achieve a # 1 Zacks rank (Strong Buy), which further underscores the company’s solid position. You can see the full list of today’s Zacks # 1 Rank stocks here.

So if you’re looking for a decent choice in a strong industry, consider DICK’S Sporting Goods. Not only is the industry currently in the top third, but it’s also been experiencing solid appraisal revisions lately, suggesting it could be a very interesting choice for investors looking to make a name in this great segment of the industry.

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