DA Davidson Reiterates Buy Rating on Dick's Sporting Goods (DKS)

DA Davidson analyst Michael Baker reiterated a Buy rating and $260.00 price target on Dick's Sporting Goods (NYSE: DKS).

The analyst commented, "Nike’s 4Q26 (May 2026) top line results were slightly above consensus although North American results were just below. Gross margins beat consensus as did EPS, excluding benefits from tariff refunds. But the stock is indicated down likely due to the below consensus 1Q27 (August 2026) revenue guide. That said, we think the read through for DKS is more mixed. The North American business remains better than other geographies, particularly on the wholesale side, which was up 10% versus estimates of up 9%. And Foot Locker turned positive for Nike for the first time in 4 years. Nike did see some consumer weakness in North America in April after a strong March, but trends seem to have rebounded more recently due to the World Cup. Lower gas prices should also start to help."

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 $226.81 yesterday.

You May Also Be Interested In

• BofA Securities Downgrades W.R. Berkley (WRB) to Underperform
• Guggenheim Reiterates Buy Rating on Uber Inc. (UBER)
• Increasing unusual put option volume: BNY TROW MUU CELC TMDX ALL AQST ERIC