Jim Cramer Says “You Might Want to Shoot the Moon and Buy DICK’s”

DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the 25 stocks Jim Cramer recently shared insights on. While discussing the retail industry, Cramer mentioned the company and commented:

“The retail rally’s a little more difficult. You might want to shoot the moon and buy DICK’s Sporting Goods, betting that Nike could, that Nike turn could benefit them now that they’re acquiring Foot Locker, but the stock just ran up 30 points on that news.”

A customer in a specialty concept store wearing a full outfit of apparels and sports gear.

DICK’S (NYSE:DKS) is a retailer that provides a wide range of sporting goods, apparel, footwear, and outdoor gear through its physical stores, specialty concepts, e-commerce platform, and mobile apps. During a May episode, Cramer said that he likes the company stock very much. He remarked:

“Oh, I like DICK’S very much and you know a lot of people, that’s both Ed Stack but don’t forget Lauren Hobart. Lauren Hobart as CEO is fantastic, a lot of people think that they stubbed their toe when they bought Foot Locker. I’m going to say the opposite. I’m going to say that they may have stubbed their toe, but this stock is so much down. It was at 254, now it’s at 181. It more than reflects [that] they can write off Foot Locker right now, and frankly, yeah, of course, they don’t need to, it would still work out. Buy DICK’S Sporting Goods.”

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