Telsey analyst Joseph Feldman reiterated an Outperform rating and $260.00 price target on Dick's Sporting Goods (NYSE: DKS)

The analyst comments "TAG View: We maintain our above-consensus 4Q24 and 2025 EPS estimates for Dick's Sporting Goods, reflecting solid demand for athletic apparel & footwear and fitness and outdoor equipment, as consumers continue to prioritize healthy lifestyles, outdoor activities, and comfortable attire. Furthermore, we believe Dick's is achieving profitable market share gains—with solid full price selling—and should continue to do so over the long term, thanks to its unique assortment of national brands, improved product allocation, differentiated private brands, attractive stores and new store concepts, and e-commerce, which is helped by its off-mall locations that provide convenient BOPIS and curbside pickup experiences. In addition, Dick's operations continue to be enhanced by the implementation and adoption of new technologies and systems. We maintain our Outperform rating and 12-month price target of $260, which is based on applying a P/E multiple of ~17x to our 2025 EPS estimate of $14.96."

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Shares of Dick's Sporting Goods closed at $214.69 yesterday.