Barclays raised the firm’s price target on Dick’s Sporting (DKS) to $232 from $217 and keeps an Overweight rating on the shares. The company’s Q1 results were in-line with the preliminary results, the analyst tells investors in a research note. The firm is “encouraged” by the 4.5% comps, driven by both average ticket and transactions growth and gross margin expansion, reaffirming its view of Dick’s “dominant positioning within its space.”
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Read More on DKS:
- Buy Rating for Dick’s Sporting Goods: Strong Financial Performance and Strategic Initiatives Drive Positive Outlook
- DICK’S Sporting Goods Reports Strong Q1 and Strategic Moves
- DICK’S Sporting Goods Q1 Earnings Call Highlights
- Dick’s Sporting price target lowered to $232 from $255 at Morgan Stanley
- Dick’s Sporting price target lowered to $230 from $245 at Truist
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