I get their shirts fairly cheaply here (there's a local shop that brings them over the border themselves to avoid import taxes, and they run less than $9 each)- I've never worn any of their shorts or shoes, but the shirts are great, especially in a hot climate.
He hit my radar a few years ago having become famous for cancelling the global Saleforce convention in whatever state it was that voted down some kind of gay rights, can't remember exactly but do remember the hypocrisy of Salesforce having development offices in countries where homosexuality was punishable by death.
The Parkland shooting was a turning point for Dick’s Sporting Goods “We sold a shotgun to the Parkland shooter in November 2017,” the company said in a statement. “It was not the gun, nor the type of gun, he used in the shooting— but it could have been.”
The DOW, while up YTD, is flat for the last 12 months, while Dick's is up (yes, yes, Dick's is up...) nearly 15% over the same period. Dick's got hit with issues at the end of 2018 that they've obviously resolved. Theres no way you can look at their last couple years of performance as anything approaching bad- they stayed well ahead of the DOW average.
I used to have a million dollars, than in '17 I lost nearly 50% but am up 20% in the last 12 months is not something I'd feel good about, as I'm sure any pension funds would see it and the way the analysts interpret it with a HOLD
I wouldn't touch Dick's if you paid me, but Target on the other hand is something I'm taking a hard look at
Who cares where it was at in 2011 if you didn't own it at the time? That's a silly argument. It's done well over the last two years, and the gun thing doesn't seem to have hurt it any (which it what you really want to be able to show, but can't), and it seems to still be on an upward trajectory. Might it go down? Yes- so might Target.
Are there other stocks doing better or worse? Sure- that doesn't mean anything in the context of how the stock in question has done. 'Target (one of the best-performing stocks of 2019 but up less than 2% in 2018, when Dick's was up over 15%) is doing better now so Dick's sucks (yes, Dick's sucks)' is kind of a lame position.
Markets are forward looking, and recent history (like the last two years) is WAY more relevant than what happened eight+ years ago, yet you want to focus more on that then what's currently happening- OK... That makes no sense to me (though I'm not saying history isn't important, it recent history is a bit more revealing).
Remain as skeptical as you want, but try to keep an unbiased perspective.
Whatever the impetus for the gun move was, it seems to have worked for them.