Dick’s Sporting Goods price target raised to $210 from $200 at Williams Trading

Investing.com - Williams Trading raised its price target on Dick’s Sporting Goods (NYSE:DKS) to $210 from $200 while maintaining a Hold rating on the stock. According to InvestingPro data, the stock currently trades at a P/E ratio of 15.5x, with analyst targets ranging from $165 to $270.

The firm cited better-than-expected current trends at the sporting goods retailer as the reason for the price target increase.

Williams Trading raised its second-quarter 2025, full-year 2025, and full-year 2026 same-store sales, revenue, and earnings per share estimates for Dick’s Sporting Goods.

Despite the improved outlook, the research firm recommended investors remain on the sidelines, noting that "distractions" from Foot Locker (NYSE:FL) overshadow Dick’s Sporting Goods’ strength.

Dick’s Sporting Goods is scheduled to report its second-quarter 2025 earnings results on Thursday, August 28, 2025, before market open. For deeper insights into DKS’s financial health and valuation metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Dick’s Sporting Goods has made significant announcements that could impact investors’ perspectives. The company voluntarily withdrew its pre-merger notification with Foot Locker to provide the Federal Trade Commission additional time to review the merger, with plans to refile soon. This move is seen as a standard procedure to ensure thorough regulatory assessment. On the financial front, TD Cowen raised its price target for Dick’s Sporting Goods to $231 while maintaining a Hold rating, citing potential fiscal year 2025 guidance increases. Similarly, Loop Capital increased its price target to $215, following discussions related to the Foot Locker acquisition.

In addition to these financial updates, Dick’s Sporting Goods launched Cookie Jar & A Dream Studios, an in-house content and production studio focusing on sports storytelling. The company has a history of success in this area, having previously won two Sports Emmy Awards. Furthermore, Dick’s extended its partnership with the Women’s National Basketball Association through 2028, continuing its role as the Official Sporting Goods Retailer for the league and specific teams. These developments highlight Dick’s ongoing strategic efforts in both business expansion and brand partnerships.

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