Dicks Sporting Goods Inc (DKS) Shares are Up 7.51%

Dicks Sporting Goods Inc (DKS) : Traders are bullish on Dicks Sporting Goods Inc (DKS) as it has outperformed the S&P 500 by a wide margin of 16.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.51% in the last 1 week, and is up 16.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Dicks Sporting Goods Inc. is up 35.8% in the last 3-month period. Year-to-Date the stock performance stands at 67.61%. The stock has recorded a 20-day Moving Average of 10.84% and the 50-Day Moving Average is 22.41%.


Dicks Sporting Goods Inc (NYSE:DKS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.33 and $57.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.84, notching a gain of 0.75% for the day. The total traded volume was 2,259,178 . The stock had closed at $58.40 on the previous day.

Also, Morgan Stanley maintains their rating on the shares of Dicks Sporting Goods Inc (NYSE:DKS). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $54 per share from $44 per share. The rating by the firm was issued on August 17, 2016.

DICKS Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores. As of January 31, 2015, the Company operated 603 Dicks Sporting Goods stores in 46 states, 78 Golf Galaxy stores in 29 states, 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

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