Dick’s Sporting price target lowered to $240 from $250 at BofA

BofA analyst Robert Ohmes lowered the firm’s price target on Dick’s Sporting (DKS) to $240 from $250 and keeps a Buy rating on the shares. Bloomberg Second Measure credit and debit card observed sales data is running roughly flat in fiscal Q2-to-date through June 16 at down 1.4% year-over-year, compared to down 1.5% observed in fiscal Q1, reports the analyst, who sees potential upside to the firm’s Q2 comp growth forecast of 2.5% versus consensus at up 3%. However, the firm lowers its FY26 adjusted EPS estimate to $14.10 from $14.25, the midpoint of guidance of $13.80-$14.40, to better reflect Dick’s guidance, the analyst noted.