DKS - Up Over 80% in the Last 12 Months Should You Buy This Booming Retail Stock?
2023-06-24 06:00:00 ET
The rise of e-commerce heavyweight Amazon over the past couple of decades has highlighted how the retail landscape is noticeably changing. A better experience, with lower prices, fast shipping, and a huge selection, is why people continue to flock to online shopping in greater numbers.
But not all brick-and-mortar chains are on the decline. Dick's Sporting Goods (NYSE: DKS) , which has more than 850 total stores under its umbrella, appears to be doing just fine right now. By focusing on a specific niche, including athletic apparel and equipment, it has still found ways to be successful despite the threat of Amazon.
After its shares have soared more than 80% in the past year, should investors still be looking to buy this booming retail stock ? Here are three reasons why you might want to consider adding Dick's Sporting Goods to your portfolio, as well as some risks to keep in mind.
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Up Over 80% in the Last 12 Months, Should You Buy This Booming Retail Stock?