Why Dick's Outperformance In The Sporting Goods Sector Is Here To Stay: A Deep Dive Into The Brand's Unique Strengths
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dick's Sporting Goods Inc (NYSE:DKS) with a price target of $160. The company is expected to report 2Q23 earnings on Aug 22, 2023, with an EPS estimate of $3.69. Despite challenges from a worsened macroeconomic environment, the analyst expects Dick's to outperform the industry. The company is gaining share due to its unique assortment of brands, improved product allocation, private brands, and e-commerce.
August 15, 2023 | 7:31 pm
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Dick's Sporting Goods has been given an Outperform rating by Telsey Advisory Group analyst Joseph Feldman, with a price target of $160. The company is expected to outperform the industry despite macroeconomic challenges.
The Outperform rating and the price target of $160 given by the analyst indicate a positive outlook for the company. Despite the macroeconomic challenges, the company is expected to outperform the industry, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100