Originally Posted by
Velo Vol
I wonder what's going on there? That's very much out of the norm for retail now, obviously.
Not sure why everyone went bearish on them last year. There were a couple of selloffs by DKS bigwigs, which might've made some other folks sell some. I figured $125 was about the right price for 'em all year last year. A lot of people got mad at Dicks for getting out of the Fishin' and Huntin' business but there's clearly more money in selling $200 basketball and running shoes
Holy cow, maybe I should push my sell limits up a tad more:
Morgan Stanley analyst Simeon Gutman maintains Dick's Sporting Goods (NYSE DKS) with a Overweight and raises the price target from $135 to $165.