Dick's Sporting Goods Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

DICK'S Sporting Goods, Inc. DKS is projected to release financial results for the third quarter of fiscal 2023, before the opening bell on Nov. 21, 2023.

Analysts expect the company to post quarterly earnings at $2.45 per share, down from year-ago earnings of $2.6 per share. The company’s revenue might come in at $2.94 billion for the latest quarter.

The company recently disclosed its intentions to onboard 8,600 seasonal teammates across the nation in anticipation of the upcoming holiday season.

DICK'S Sporting shares gained 0.8% to close at $119.01 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst Scot Ciccarelli initiate coverage on the stock with a Buy rating and a price target of $134 on Nov. 17, 2023. This analyst has an accuracy rate of 73%.
• Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $115 on Nov. 16, 2023. This analyst has an accuracy rate of 70%.
• JP Morgan analyst Christopher Horvers maintained a Neutral rating and cut the price target from $144 to $128 on Aug. 24, 2023. This analyst has an accuracy rate of 74%.
• UBS analyst Michael Lasser maintained a Neutral rating and cut the price target from $160 to $130 on Aug. 23, 2023. This analyst has an accuracy rate of 81%.
• Stifel analyst Jim Duffy maintained a Hold rating and cut the price target from $141 to $123 on Aug. 23, 2023. This analyst has an accuracy rate of 76%.

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