Analyst Robert Ohmes from Bank of America Securities reiterated a Buy rating on Dick’s Sporting Goods and keeping the price target at $245.00.
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Robert Ohmes has given his Buy rating due to a combination of factors that highlight the potential for growth and profitability at Dick’s Sporting Goods. The company reported a strong third-quarter performance with a notable increase in comparable sales and gross margin, indicating robust demand across its product categories. The acquisition of Foot Locker is expected to contribute positively to earnings, with anticipated cost synergies and improvements in product assortment that could enhance profitability.
Additionally, Dick’s Sporting Goods is poised to benefit from strategic initiatives in digital and clearance capabilities, which are expected to drive sales and margin improvements. The company’s forward-looking guidance suggests continued growth, supported by effective omnichannel execution and the integration of Foot Locker. These factors, combined with a price objective of $245, reflect confidence in the company’s ability to capitalize on market opportunities and deliver shareholder value.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $228.00 price target.