Truist Securities Reiterates Buy Rating on Dick's Sporting Goods (DKS)

Truist Securities analyst Scot Ciccarelli reiterated a Buy rating and $256.00 price target on Dick's Sporting Goods (NYSE: DKS).

The analyst comments "We are modestly lowering our 2Q sales estimates as Truist Card Data indicated July trends were softer than expected. That said our updated estimates are ~in-line Street. Further, Truist Card Data suggests that DKS’ trends have reaccelerated in August, which together with several positive recent updates/outlooks from peers/brands across the athletic footwear/apparel space strengthens our conviction that DKS is setup well for 2H. Further, with DKS continuing to be highlighted as a key/growing partner among brands, we believe its market share is continuing to expand."

For an analyst ratings summary and ratings history on Dick's Sporting Goods click here. For more ratings news on Dick's Sporting Goods click here.

Shares of Dick's Sporting Goods closed at $236.30 yesterday.

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