Dick’s Sporting Goods (DKS) have been underperforming the general market since the beginning of the year. Year-to-date, Dick’s share price has dropped by 25.50% while the SP& 500 has been down by only 5.16%. In the first quarter of 2020, Dick’s has reported a declining operating performance. However, the market did not seem to care, pushing its stock price higher. Although we think Dick’s can overcome the current COVID-19 crisis due to its strong liquidity position, it is not undervalued now.
The first-quarter earnings result took a hit
In the first quarter of