AllAnalyst Report
logoArgusDecember 02, 2021

DICK'S Sporting Goods, Inc.: Raising target to $150 from $145

Symbols
DKS
Sector(s)
Consumer Cyclical
Rating
Current Price
$195.08
Price Target
Earnings Estimate
Summary

Dick's Sporting Goods Inc., headquartered near Pittsburgh, is a full-line sporting goods retailer. The company offers a broad selection of brand name and exclusive-brand sporting goods equipment, apparel and footwear. At the end of FY21, the company operated 728 Dick's stores, and 126 other locations, which include Golf Galaxy stores, as well as Field & Stream stores. Dick's stores average 50,000 square feet, and total square footage was approximately 42 million at the end of FY20. The company maintains e-commerce sites for Dick's, Field & Stream, and Golf Galaxy. Total FY21 sales were $9.58 billion, with about 33% from apparel, 19% from footwear, and 46% from hard lines such as sporting goods, fitness, and golf equipment. E-

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.