Barclays raised the firm’s price target on Dick’s Sporting to $174 from $139 and keeps an Overweight rating on the shares. The company’s Q4 beat on sales, comps and earnings, while gross margin missed at 32.4% versus the consensus at 33.6%, the analyst tells investors in a research note. However, the firm believes believe the impact from promotions on margins in Q4 were largely one-time in nature.
Published first on TheFly
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