Dick’s Sporting Goods Delivers Q2 Beat, Analysts Deem Stock Weakness A ‘Buying Opportunity’
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Dick’s Sporting Goods Inc (NYSE:DKS) shares dropped in early trading on Thursday as the retailer reported fiscal second-quarter results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
- Bank of America Securities analyst Robert Ohmes maintained a Buy rating, while raising the price target from $240 to $250.
- Oppenheimer analyst Brian Nagel reiterated an Outperform rating and a price target of $270.
- DA Davidson analyst Michael Baker reaffirmed a Buy rating and a price target of $265.
Check out other analyst stock ratings.
BofA Securities: Dick’s Sporting Goods reported its fiscal second-quarter adjusted earnings at $4.37 per share. It was ahead of Street’s expectations of $3.86 per share. The company’s same-store sales growth of 4.5% beat consensus of 3.5%, “driven by growth in ticket +3.5% and transactions +1% and strength in footwear and apparel,” Ohmes said in a note.
“While DKS …
Full story available on Benzinga.com
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