Truist raised the firm’s price target on Dick’s Sporting to $243 from $201 and keeps a Buy rating on the shares after Dick’s posted a “strong” Q4 beat. Demand for sporting goods remains “solid,” the company’s omni-channel offerings and premium shopping experience continue to drive share gains and its House of Sport concept stores are performing well and generating strong returns, says the firm. Truist, which adds that it thinks the company’s 2024 outlook “looks conservative,” remain buyers of the Dick’s shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DKS:
- DKS Earnings: Dick’s Sporting Goods Surges on Record Sales and Upbeat Q4 Results
- Dick’s Sporting Goods: New Sales Metrics and Dividend Announcement
- DICK’S Sporting Goods Reports Fourth Quarter and Full Year 2023 Results; Delivers Largest Sales Quarter in Company History
- DKS Earnings this Week: How Will it Perform?
- Dick’s Sporting price target raised to $185 from $145 at Baird
