Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Dick's Sporting Goods Inc. (NYSE: DKS) weakened in recent days. DKS' current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Dick's Sporting Goods Inc. (NYSE: DKS) stock rose modestly by 0.7% on 3/18/24. The stock closed at $213.04. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 17.6% during the last week.
Current PriceTarget Research Rating
DKS' future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Dick's Sporting Goods has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock's attractiveness. Dick's Sporting Goods has a poor Appreciation Score of 18 but a good Power Rating of 85, producing the Neutral Value Trend Rating.