DKS - Dick's Sporting Goods Ramps Up Growth: Analysts Raise Targets Amid Strong Sales And Margin Gains | Benzinga
Dick's Sporting Goods (NYSE:DKS) reported better-than-expected first-quarter FY24 earnings and raised the outlook. The following are the comments from different analysts on the company.
Wedbush – Reiterates Neutral, price target raised from $210 to $230
Analyst Seth Basham looks positively on the results that show continued sales momentum despite a choppy industry demand environment, as DKS is capitalizing on strong new merchandise, good in-store and online service, easier comparisons and its Game Changer app.
The company's House of Sport store openings are on plan, and it was able to overcome above-consensus pre-opening costs in the quarter with strength in gross margins from lower-than-expected shrink, noted the analyst.
While DKS has momentum, the analyst expects that to slow in 2H24 against ...