Dick's Sporting Goods (DKS) PT Lowered to $226 at TD Cowen
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Get Alerts DKS Hot Sheet
Rating Summary:
26 Buy, 24 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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TD Cowen analyst John Kernan lowered the price target on Dick's Sporting Goods (NYSE: DKS) to $226.00 (from $234.00) while maintaining a Hold rating.
The analyst commented: "Core Dick's biz is guided to improved flow through in 4Q on albeit slower SSS embedded in guidance (which could be conservative). Foot Locker inventory clean up and $500MM- $750MM in charges (mix of cash and non-cash) highlight the complexity in modeling. SSS and margin contribution from DKS and FL into FY26 put us fairly in line with consensus. Target to $226, representing 13.5x our FY27E EPS."
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