0724 ET - Dick's Sporting Goods remains a top investment idea for DA Davidson analysts, who say the company has been the best stock in its space since the onset of the pandemic. The sports retailer's stock is up 424% from just before Covid hit the market in 2020, compared to the S&P 500 being up 73%, the analysts say. "Our main theme continues to be that Dick's Sporting Goods margins are structurally higher than they were prior to the pandemic," the analysts say, adding that another positive catalyst is Dick's move toward capitalizing on its GameChanger business. GameChanger is a mobile app and website providing scorekeeping, stats, video streaming, and other features for youth sports teams and fans. Shares rise 0.4% to $230.06 premarket. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 06, 2025 07:24 ET (12:24 GMT)
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