UPDATE: Raymond James Resumes Dick's Sporting Goods (DKS) at Underperform

November 5, 2019 4:26 PM EST
Get Alerts DKS Hot Sheet
Price: $95.92 +4.60%

Rating Summary:
    24 Buy, 22 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 73
Trade Now! 
Join SI Premium – FREE
(Updated - November 6, 2019 9:24 AM EST)

(update comment)

Raymond James analyst Matthew McClintock resumes coverage on Dick's Sporting Goods (NYSE: DKS) with a Underperform rating.

The analyst comments "We believe that DKS will survive the “retail apocalypse” as the primary physical retail big box sporting goods destination but see at best minimal growth, if any, in long-term EPS (primarily funded by share repurchases through cash flow as opposed to organic growth). Furthermore, we believe the company’s valuation has become inflated by easy comparisons from several years of under-performance in a similar manner as the department store industry did in 2018 (which was short lived in nature). Fundamentally, we don’t expect recent strong performance in comps to continue beyond more than a few quarters, and even with that performance we don’t expect meaningful margin expansion either this year or in subsequent years."

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 $39.42 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Raymond James