On Nov 27, major Wall Street analysts update their ratings for $Dick's Sporting Goods (DKS.US)$, with price targets ranging from $227 to $270.
Morgan Stanley analyst Simeon Gutman maintains with a buy rating, and maintains the target price at $245.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and maintains the target price at $250.
Citi analyst Paul Lejuez maintains with a hold rating, and maintains the target price at $230.
Barclays analyst Adrienne Yih maintains with a buy rating, and maintains the target price at $254.
UBS analyst Michael Lasser upgrades to a buy rating, and adjusts the target price from $215 to $260.
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 anticipated to achieve more sustainable earnings growth in the coming years, a trend that is not yet fully incorporated into its stock performance. The company is forecasted to achieve an 8% annual earnings growth over the next five years, which marks an improvement over the 5% average growth in the five years before the pandemic. The structural improvements made by Dick's in recent years are expected to yield higher margins, enhance free cash flow generation, and increase returns for an extended period.
Q3 execution was described as 'again strong,' characterized by both competitive and gross margin gains. Although revenue and EPS projections were raised, a conservative stance on valuation is maintained due to capital investments related to the rollout of House of Sport and more restricted free cash flow.
Here are the latest investment ratings and price targets for $Dick's Sporting Goods (DKS.US)$ from 12 analysts:
Note:
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