Topic: How To Invest

Q: Hello, Pat. Please, may I have your comments on Dick’s Sporting Goods (NYSE: DKS)? Thank you.

Article Excerpt

A: Dick’s Sporting Goods Inc., $187.37, symbol DKS on New York (Shares outstanding: 81.5 million; Market cap: $14.2 billion; www.dickssportinggoods.com), is a U.S. retailer focused on sporting goods. In 1948, 18-year-old Dick Stack opened a bait-and-tackle shop in Binghampton, New York. By the late 1970s, he had expanded his product line to include much of what the company sells today. This includes sports equipment, apparel, footwear, and accessories. Dick’s serves athletes and outdoor enthusiasts in more than 850 Dick’s Sporting Goods stores. The company also owns and operates specialty concept stores: 100 Golf Galaxy locations, three Public Lands outlets, and 731 Going Going Gone! stores. Plus, Dick’s offers its products online and through mobile apps. In addition, the company owns and operates Dick’s House of Sport stores. These offer recreational experiences that feature the company’s products. Those activities include the use of turf fields, rock-climbing walls and golf simulator bays. The company currently has 19 of these stores. By 2027, it plans to…