Dick’s Sporting price target lowered to $240 from $245 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Dick’s Sporting (DKS) to $240 from $245 and keeps an Outperform rating on the shares. The firm is encouraged by better-than-expected Q4 results, with sales at Dick’s and Foot Locker beating expectations, the analyst tells investors. While FY26 EPS guidance came in below expectations, the firm notes smaller sales decline at Foot Locker, progress on cleaning inventory, and results from the Fast Break initiative should provide greater confidence in Dick’s ability to turn around the Foot Locker business within the next few years.