Is Dick's Sporting Goods Stock a Buy?
This is turning into a record-setting year for Dick's Sporting Goods (NYSE: DKS) as the retailer benefits from consumers increasingly turning to outdoor activities during the coronavirus pandemic.
The sporting goods store said comparable store sales growth hit another milestone in the third quarter, jumping over 23%, which followed a near 21% rise in the second. But that growth was the result of people pursuing sporting activities in warm weather, and now we're heading into the cold weather months.
As Dick's stock has quadrupled from its March low point, let's see whether investors should wait for a better price, or should they consider the sporting goods store a buy?
Source Fool.com