Stifel analyst Jim Duffy raised the firm’s price target on Dick’s Sporting (DKS) to $240 from $232 and keeps a Hold rating on the shares. Q3 execution was “again strong,” featuring both comp and gross margin upside, the analyst tells investors. The firm’s revenue and EPS estimates “again move higher,” but capital investment due to the House of Sport rollout and more limited free cash flow keep Stifel “guarded on valuation,” the analyst noted.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKS:
- Baird says ‘comfortable’ buying Dick’s Sporting on any pullback after Q3 results
- Trump threatens tariffs, Zoom reports Q3 beat: Morning Buzz
- DKS Earnings: Dick’s Sporting Goods Raises Full-Year Guidance
- Unusually active option classes on open November 26th
- Morning Movers: Dick’s Sporting jumps and Kohl’s sinks following earnings