|Bid||58.56 x 800|
|Ask||58.57 x 900|
|Day's Range||58.22 - 59.00|
|52 Week Range||49.01 - 60.53|
|PE Ratio (TTM)||23.35|
|Dividend & Yield||0.72 (1.20%)|
|1y Target Est||N/A|
Dick’s Sporting Goods shares are down more than 21%, but the company is hanging on to a leadership position in the athletic sector, analysts say.
Dick's Sporting Goods (DKS) slumped after reporting reporting weaker-than-expected earnings and has suffered from seven downgrades. In light of the disappointing report, Nomura Instinet's Simeon Siegel and his team revisited the athletic retailers under their coverage, writing that an over-saturated specialty sports market, along with shrinking department store footprint are forcing brands to rethink where the growth is, and shift toward direct-to-consumer sales and Amazon (AMZN). Given this, Siegel writes that all brands’ wholesale sales are potentially at risk, and he is particularly concerned about the channel shift’s impact to Under Armour (UAA), particularly as Adidas (ADDYY) looks to capture share, Nike (NKE) looks to protect share, and Dick's looks to capitalize via its own private label.