DICK'S Sporting Goods Inc. (NYSE: DKS) has seen its shares slide a significant 11.5% in the past week, pushing it behind its industry peers and the broader S&P 500 index. The downside came after NIKE's commentary, on its Jun 26 earnings call, about the soft global demand for its lifestyle products and a challenging path ahead. NIKE's lower-than-expected sales outlook for fiscal 2025 not only led its shares to slide significantly but also sent jitters across the sporting goods industry and its key retail partners — DICK's and Foot Locker (NYSE: FL). However, this looks like a temporary phase as the DICK'S stock has started showing some green shoots lately. The stock of the prominent sporting goods retailer rose about 1% yesterday to $200.13 after dropping as much as $197.13 on Jul 2. At the current price, the stock trades at a 17% discount to its 52-week high of $234.47 reached on Jun 20, 2024. This indicates that the stock has further upside potential from here. Despite the recent drop, DICK'S has garnered 36.2% year-to-date growth against the industry's decline of 3.1%. The company also outperformed the broader Zacks Retail-Wholesale sector and the S&P 500's growth of 12.6% and 16.2%, respectively, in the same period. Image Source: Zacks Investment Research Additionally, DICK'S is currently trading above the 200-day moving average, indicating robust upward momentum and price stability. This technical strength reflects positive market perception and confidence in DICK'S financial health and prospects. DICK'S ...