Up Over 80% in the Last 12 Months, Should You Buy This Booming Retail Stock?
The rise of e-commerce heavyweight Amazon over the past couple of decades has highlighted how the retail landscape is noticeably changing. A better experience, with lower prices, fast shipping, and a huge selection, is why people continue to flock to online shopping in greater numbers.
But not all brick-and-mortar chains are on the decline. Dick's Sporting Goods (NYSE: DKS), which has more than 850 total stores under its umbrella, appears to be doing just fine right now. By focusing on a specific niche, including athletic apparel and equipment, it has still found ways to be successful despite the threat of Amazon.
After its shares have soared more than 80% in the past year, should investors still be looking to buy this booming retail stock? Here are three reasons why you might want to consider adding Dick's Sporting Goods to your portfolio, as well as some risks to keep in mind.
Source Fool.com
