Dick's Sporting Goods (DKS) PT Raised to $225 at BofA Securities, 'continues to invest for growth'

BofA Securities analyst Robert Ohmes raised the price target on Dick's Sporting Goods (NYSE: DKS) to $225.00 (from $190.00) while maintaining a Neutral rating.

The analyst comments "DKS reported F4Q24 adjusted EPS of $3.85 (vs. our $3.27) as same-store sales increased +2.8% (vs. our -1.0%), led entirely by ticket as transactions were flat y/y (see F4Q preview). Gross margin of 34.6% (vs. our 34.0%) reflected 124bps of merchandise margin expansion (as DKS lapped elevated clearance activity last year), lower freight costs, and occupancy cost leverage, which were partially offset by higher shrink."

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