In a report released today, Sam Poser from Williams Trading maintained a Hold rating on Dick’s Sporting Goods, with a price target of $180.00.
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Sam Poser has given his Hold rating due to a combination of factors impacting Dick’s Sporting Goods. While the core business of Dick’s Sporting Goods has shown strong performance, surpassing expectations in the third quarter of fiscal year 2025 and prompting an increase in its full-year guidance, there are concerns regarding its recent acquisition of Foot Locker. The acquisition, finalized in early September, is not expected to contribute positively to earnings in fiscal year 2026 as anticipated by management.
Additionally, the leadership at Foot Locker, particularly the Presidents of Foot Locker North America and International, are perceived to lack the necessary experience to drive the required turnaround. Although Dick’s Sporting Goods possesses strengths such as building attractive stores and strong vendor relationships, there are areas where it has not excelled, such as in-store consumer engagement and launching new concepts. These factors contribute to the cautious Hold rating, as the potential distractions from the acquisition could impact the core business operations.
In another report released today, TD Cowen also reiterated a Hold rating on the stock with a $226.00 price target.