On Nov 28, major Wall Street analysts update their ratings for $Dick's Sporting Goods (DKS.US)$, with price targets ranging from $225 to $270.
Morgan Stanley analyst Simeon Gutman maintains with a buy rating, and maintains the target price at $245.
J.P. Morgan analyst Christopher Horvers maintains with a hold rating, and adjusts the target price from $215 to $230.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and maintains the target price at $250.
Loop Capital analyst Anthony Chukumba maintains with a hold rating, and adjusts the target price from $220 to $225.
Oppenheimer analyst Brian Nagel maintains with a buy rating, and maintains the target price at $270.
Furthermore, according to the comprehensive report, the opinions of $Dick's Sporting Goods (DKS.US)$'s main analysts recently are as follows:
Dick's Sporting is poised to generate more sustainable earnings growth moving forward compared to its historical performance, which has not yet been fully reflected in its stock value. Analysts forecast an 8% annual earnings growth over the next five years, contrasting with a 5% average growth in the five years before the pandemic. Recent structural improvements in the company are expected to yield benefits in the form of higher margins, enhanced free cash flow generation, and increased returns for the foreseeable future.
Dick's Sporting excelled in its third quarter, achieving a third consecutive quarter with over 4% in comparable sales growth, surpassing earnings expectations, and raising its 2024 guidance for the third time this fiscal year.
Execution in Q3 was again characterized by strong comp and gross margin performance. Although revenue and EPS projections are again revised upwards, significant capital investments for the rollout of the House of Sport and tighter free cash flow remain cautionary factors regarding valuation.
Here are the latest investment ratings and price targets for $Dick's Sporting Goods (DKS.US)$ from 7 analysts:
Note:
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