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Dick's Sporting Goods, Inc. (NYSE: DKS) shares opened lower despite positive sentiment by CNBC's Jim Cramer on his Mad Money Lightning Round. The hedge fund manager turned television star recommends that investors take a look at the stock around $21 per share. Cramer noted strong inventory controls that helped boost results, but cautioned that declining same-store sales could hurt the stock in the long run.

During its latest quarter, Dick's Sporting Goods beat expectations and its shares rose more than 14 percent. The Pittsburgh-based company announced profits that fell 5 percent during the quarter with revenues that rose 7 percent to $1.09 billion. Revenues were helped by new stores openings while the bottom-line was helped by leaner inventories. These lean inventories helped the company retain its margins while also expanding in the double digits.

Other analysts are also bullish on the stock. Citi analyst Kate McShane reiterated her "Buy" rating on the company saying that management continues to execute its long-term strategy. Despite the run-up in the stock price, McShane believes that the stock remains cheap and is an attractive entry point for investors. Other analysts have similar sentiments on the company that has several "Buy" ratings by analyst firms.

Dick's Sporting Goods is a full-line sporting goods retailer that offers an assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. Currently, the company operates 340 Dick's Sporting Goods stores in 36 states, 79 Golf Galaxy stores in 29 states, and 15 Chick's Sporting Goods stores in California. Dick's carries many brands at its stores, including Nike, North Face, Columbia, Adidas, TaylorMade, Callaway, and UnderArmour.

Shares of Dick's Sporting Goods dropped $0.12, or 0.54%, to $22.04 per share on the day.

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