News

Dick's Sporting Goods enjoys robust stock increase

September 26, 2016

The stock price for Dick's Sporting Goods is up more than 70 percent this year, and trading at a record-breaking high figure.

One prime reason, as a CNN report notes, is it is one of the last major sports retailers left standing, given the bankruptcy actions and shuttering of major competitors, including Sports Authority, Sport Chalet and Golfsmith.

One analyst firm expects the stock price to hit $75 a share, which would be almost 25 percent higher than the current price, according to CNN.