Dick’s Sporting price target raised to $225 from $185 at Baird

Baird raised the firm’s price target on Dick’s Sporting to $225 from $185 and keeps a Neutral rating on the shares following what the firm calls “another impressive report.” Expectations had been rising into the print, but Dick’s cleared the bar with stronger comps fueling about 15% EPS upside, says the analyst, who adds that FY24 EPS guidance “comfortably captured consensus.” While “impressive” share gains and confidence in structurally higher margins justify the stock’s re-rating, the firm would look for a better entry point after “admittedly missing the stock’s huge move,” the analyst tells investors.