DA Davidson Reiterates Buy Rating on Dick's Sporting Goods (DKS)
DA Davidson analyst Michael Baker reiterated a Buy rating and $273.00 price target on Dick's Sporting Goods (NYSE: DKS).
The analyst comments "As pre-announced on May 15th, DKS reported a strong 1Q25, comping at 4.5%, which was ahead of consensus of 2.8% at the time of the preliminary report. This shows continued significant share gains against our estimate of a 3.4% decline in industry trends. In this morning’s print, the new news is that DKS reiterated just about all of their 2025 guidance (excluding any impact from the Footlocker deal), which we see as good news. If there is a small new negative in the release, its that gross margins were up 40 bps, similar to last quarter, but below the consensus estimate of +70 bps. But, that doesn’t seem too worrisome to us."
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Shares of Dick's Sporting Goods closed at $174.22 yesterday.