Simeon Gutman, an analyst from Morgan Stanley, reiterated the Buy rating on Dick’s Sporting Goods. The associated price target remains the same with $232.00.
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Simeon Gutman has given his Buy rating due to a combination of factors that suggest a positive outlook for Dick’s Sporting Goods. The company is expected to see modest growth in comparable sales for the second quarter of 2025, driven by its strategic initiatives such as experiential retail formats and a growing omnichannel presence. Additionally, the expansion of the GameChanger user base and the development of DICK’s Media Network contribute to a favorable revision of sales expectations.
Furthermore, while the profit margins for the second quarter of 2025 might be at their lowest for the year, there is potential for margin improvement in the future. The valuation of the company remains attractive at a forward P/E of 14.6x, considering its strong market position and potential for margin expansion. Despite uncertainties surrounding tariff pricing and consumer health, the company’s ability to capture market share and maintain comp momentum supports the Buy rating.
In another report released on August 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $257.00 price target.
DKS’s price has also changed slightly for the past six months – from $231.500 to $222.890, which is a -3.72% drop .