DICK'S Sporting Goods Inc

NYSE:DKSUnited States

Sep 5, 2024

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• DJ Dick's Investors Ignore Bullish Calls from Analysts -- Market Talk, from 2:44PM ET on Thursday Sep 05, 2024 by Dow Jones

  2:44PM ET on Thursday Sep 05, 2024 by Dow Jones
  Companies Mentioned: DKS
  
  1444 ET - Shares of Dick's Sporting Goods have extended a downslide as investors ignore analysts who are raising their price targets on the stock. The sports-gear retailer lifted full-year profit guidance on Wednesday, though the midpoint of the view was still shy of analyst expectations. Shares slid about 5% during the trading day. At least three analysts have raised their price targets on Dick's since the market closed. Baird analysts argue that the company is "still on top of their game" and raises earnings estimates. Bank of America analysts say the retailer's omnichannel business should drive share gains and lift their price target by $10 to $250. But shares continued to slip, down 2.8% at $214.68. (dean.seal@wsj.com)