Barclays Reiterates Overweight Rating on Dick's Sporting Goods (DKS)
Barclays analyst Adrienne Tennant reiterated an Overweight rating and $254.00 price target on Dick's Sporting Goods (NYSE: DKS).
The analyst comments "DKS proving to be best-in-class once again; multi-brand strategy should enable them to outperform in a volatile backdrop. We think DKS's 4Q24 results, in particular a comp of +6.4% and high full-price sales, as evidenced by the beat on GM, are testament to its dominant positioning in the sporting goods space. We have highlighted DKS as a the "next great compound growth retail story." Driving the business through a unique all-in-on House of Sport model with a breadth of in-demand brands, DKS's model will continue to drive market share gains, in our view."
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Shares of Dick's Sporting Goods closed at $211.02 yesterday.