Alert: Positive Investment/Fundamental Signals (12/5/23)-Dick’s Sporting Goods Inc. (NYSE: DKS)


Extremely important positive changes in investment behavior have recently occurred for Dick’s Sporting Goods Inc. (NYSE: DKS): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.

Small positive changes in fundamentals have recently occurred for Dick’s Sporting Goods Inc. (NYSE: DKS): the consensus estimate for January, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, DKS is expected to continue to be a major Value Builder.

Dick’s Sporting Goods has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Dick’s Sporting Goods has a neutral Appreciation Score of 58 but a poor Power Rating of 21, resulting in the Negative Value Trend Rating.

Recent Price Action

On 12/5/23, Dick’s Sporting Goods Inc. (NYSE: DKS) stock declined by -2.8%, closing at $137.18. This decline was accompanied by normal trading volume. The stock has risen 13.0% during the last week but has been weak relative to the market over the last nine months.

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