Dick's Sporting Goods To $140? These Analysts Raise Price Targets On The Sporting Goods Retailer Following Earnings Beat

Dick's Sporting Goods Inc DKS reported better-than-expected Q3 results and raised FY22 earnings guidance.

Dick's Sporting reported a third-quarter FY22 sales growth of 7.7% year-on-year to $2.96 billion, beating the consensus of $2.68 billion. Adjusted EPS of $2.60 beat the analyst consensus of $2.19.

Dick's Sporting raised the FY22 adjusted EPS outlook from $10.00 - $12.00 to $11.50 - $12.10 versus the consensus of $11.45.

Dick's Sporting shares jumped 10.1% to close at $117.76 on Tuesday.

These analysts made changes to their price targets on Dick's Sporting after the company released quarterly results.

• Telsey Advisory Group raised price target on Dick's Sporting from $125 to $135. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating on the stock.
• Barclays boosted Dick's Sporting price target from $125 to $140. Barclays analyst Adrienne Yih maintained an Overweight rating on the stock.