Stock Analysis
Investing in Dicks Sporting Goods (DKS)
Kristal Ricks
November 7, 2012
Summary
I highly recommend investing in Dicks Sporting Goods stock now at the current price of $51.32. It is a great long-term enthronisation because the stock price continues to increase every year. Dicks Sporting Goods (DKS) has shown consistent growth over recent fiscal years, as net sales, gross profit, revenue and net income restrain increased significantly. Dicks is a sporting goods retailer offering a broad assortment of brand separate sporting goods equipment, apparel, and footgear in a specialty stack away environment. With over 500 bloodlines, Dicks has continued to magnify and add stores at a steady rate of roughly 15% a year (CNN, 2012). The company recorded revenues of $4,871.4 million during the fiscal year ended January 2011, an increase of about 10% over 2010 (Value Line, 2012). The increase in revenues is attributed to expansion with new store sales and the addition of e-commerce sales.
Company and Industry Analysis
Dicks Sporting Goods, is an authentic sporting goods retailer founded in 1948, by Richard Dick Stack.
It currently operates over 500 stores in 40 plus states mainly in the eastern parts of the joined States, and hopes to get up to 800 one day. Dicks excessively operates 80 golf game Galaxy stores in 30 states, as well as two other subsidiaries Galyans craft Company and Chicks Sporting Goods. The acquisition of the Golf Galaxy stores made Dicks subsidiary rifle the largest golf retailer in America (Dicks, 2012). Dicks main goal is to attract consumers seeking genuine sports and outdoor(prenominal) products with the latest trends and unique designs (Easley, 2012). Another one of Dicks main goals is to be a high quality retailer at competitive prices while offering great customer service. Dicks is definitely predicted to dominate the apparel and footwear industry well into the future....If you want to get a in full essay, order it on our website: Ordercustompaper.com
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