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Analysts Keep ‘Hold’ Ratings for Dick’s Sporting Goods

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May. 22 2018, Updated 11:25 a.m. ET

Rating synopsis

Ahead of Dick’s Sporting Goods’ (DKS) upcoming fiscal first-quarter results on May 30, the majority of analysts have retained their “hold” ratings. Of the 30 analysts covering the stock, 63% have recommended a “hold,” 27% have recommended a “buy,” and 10% have recommended a “sell.”

There have been no price revision changes in the last 30 days. Currently, analysts’ 12-month average target price for the company is $35.29, which reflects a 13.8% upside based on its stock price on May 18.

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Dick’s Sporting Goods is investing in its digital and omnichannel capabilities and is leveraging stores to better meet customer demands. These factors are likely to improve its long-term performance. However, it’s also witnessing escalating expenses due to its ongoing investments in e-commerce and omnichannel capabilities. Shipping costs are also ballooning as its digital business gains momentum. Rising costs are likely to prove a drag on both its margins and bottom-line performance.

For the first quarter, analysts expect Dick’s Sporting Goods to report a 3.1% growth in sales, but adjusted EPS is expected to fall 16.7% to $0.45. It’s expected to report its first-quarter results on May 30.

Ratings for peers

Of the 22 analysts covering Foot Locker (FL), 32% have recommended a “hold,” and 59% have recommended a “buy.” Analysts’ target price for Foot Locker is $51.95, implying a 19.6% upside based on its stock price on May 18.

All the analysts covering Big 5 Sporting Goods (BGFV) stock have recommended a “hold.” Their mean target price is $7.75, implying a 1.9% downside based on its May 18 price.

Of the 13 analysts covering Hibbett Sports (HIBB), 54% have recommended a “hold,” and 31% have recommended a “buy.” Analysts’ target price for the stock is $27.04, implying a 2.9% downside based on its May 18 price.

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