|Over a week ago|
Dick's Sporting upgraded to Outperform from Market Perform at Cowen » 05:4206/2406/24/20
Cowen analyst John Kernan…
Cowen analyst John Kernan upgraded Dick's Sporting Goods to Outperform from Market Perform with a $50 price target.
Dick's Sporting price target raised to $43 from $40 at UBS » 06:4506/1906/19/20
UBS analyst Michael…
UBS analyst Michael Lasser raised the firm's price target on Dick's Sporting to $43 from $40 after discussions with the company, saying the management sounds "increasingly optimistic" about its outlook for the rest of the year. Dick's acted "quickly and aggressively" in March to dial back inventory receipts and preserve liquidity, the analyst tells investors in a research note, adding that the demand over the past 2 months and early trends at the reopened stores has exceeded initial expectations. Lasser further notes that certain categories such as team sports are still pressured, keeping his Neutral rating on the stock.
Dick's Sporting price target raised to $51 from $48 at Susquehanna » 08:1706/1706/17/20
Susquehanna analyst Sam…
Susquehanna analyst Sam Poser raised the firm's price target on Dick's Sporting to $51 from $48 and keeps a Positive rating on the shares. The analyst said the reinstatement of its dividend and share buyback program is evidence the company is emerging from the crisis in a position of strength. He believes the company will continue to cement its position as the top national sporting goods retailer.
Dick's Sporting reinstates dividend program » 08:0206/1206/12/20
Dick's Sporting Goods announced the reinstatement of its dividend program. In the first quarter, following its temporary store closures, the company announced temporary pay reductions for many salaried teammates, furloughs of a significant number of its workforce and the suspension of its dividend program and share repurchases, among other measures, to bolster its cash position and maximize flexibility as part of the company's initial response to COVID-19. Now, with strong early sales results as stores have re-opened and the expectation to have nearly 100% of its stores re-opened to the public by June 30, the company has restored previously reduced salaries for all teammates, except for certain executives, and has returned substantially all teammates from furlough. On June 10, the Board of Directors of Dick'S Sporting Goods also reinstated the dividend program and authorized and declared a quarterly dividend of 31.25c per share on the company's Common Stock and Class B Common Stock. The dividend is payable in cash on June 30 to stockholders of record at the close of business on June 22. Additionally, the company may resume opportunistic share repurchases under its current authorizations.
Fly Intel: Top five analyst upgrades » 10:1306/0906/09/20
EBAY, ET, WD, ZNGA, DKS
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Equal Weight from Underweight at Wells Fargo with analyst Brian Fitzgerald saying a review of omni-channel retailer commentary and eBay's upward Q2 guidance revision last week indicate "continued strength, if not acceleration," in digital commerce from March into April and May, despite brick-and-mortar retailers beginning to reopen across much of the country. 2. Energy Transfer LP (ET) upgraded to Outperform from Market Perform at BMO Capital with analyst Danilo Juvane saying he believes "large cap diversified platforms" are the best way to invest in midstream. 3. Walker & Dunlop (WD) upgraded to Outperform from Market Perform at JMP Securities with analyst Steven Delaney citing the company's Q1 earnings beat reported last month, noting that following a "rapid pace" of producer hiring over the past two years, Walker & Dunlop saw a record quarter for total transaction volumes. 4. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Barclays with analyst Mario Lu saying he sees "multiple opportunities" for management to accelerate the bookings of recently acquired Peak and believes Zynga titles will benefit from Peak's daily active user base. 5. Dick's Sporting (DKS) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying dynamics within the U.S. consumer and retail landscapes have shifted dramatically, amid headwinds emanating from the COVID-19 crisis, domestically and abroad. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Dick's Sporting upgraded to Outperform at Oppenheimer » 08:0406/0906/09/20
As previously reported,…
As previously reported, Oppenheimer analyst Brian Nagel upgraded Dick's Sporting to Outperform from Perform with a $52 price target. The analyst notes that dynamics within the U.S. consumer and retail landscapes have shifted dramatically, amid headwinds emanating from the COVID-19 crisis, domestically and abroad. While he remains concerned with longer-term potential for direct-to-consumer offerings at leading brands to, in part, undermine Dick's Sporting as a distribution mechanism, Nagel is increasingly optimistic, nearer term, that the company is well-positioned to capitalize upon changing, if not strengthening, demand trends in sporting goods. In his view, a still discounted Dick's Sporting valuation underappreciates meaningfully an improving fundamental outlook for the chain in coming quarters.
Dick's Sporting upgraded to Outperform from Perform at Oppenheimer » 06:4606/0906/09/20
Oppenheimer upgraded Dick's Sporting to Outperform from Perform.
|Over a month ago|
Dick's Sporting price target raised to $40 from $35 at Morgan Stanley » 12:2306/0306/03/20
Morgan Stanley analyst…
Morgan Stanley analyst Simeon Gutman raised the firm's price target on Dick's Sporting to $40 from $35 and keeps an Equal Weight rating on the shares. Gutman said he expects the company to emerge from the COVID-19 pandemic with a wider advantage compared to peers. The analyst also said that, in his view, this plus the company's "healthy" balance sheet are enough to warrant a higher multiple and value for the stock. Gutman added that the risk/reward appears positive but relatively low earnings visibility in the near-term keeps him Equal Weight rated.
Dick's Sporting price target raised to $38 from $33 at Nomura Instinet » 09:2206/0306/03/20
Nomura Instinet analyst…
Nomura Instinet analyst Michael Baker raised the firm's price target on Dick's Sporting Goods to $38 from $33 and keeps a Neutral rating on the shares following the company's fiscal Q1 results. Dick's product mix is well suited to the stay at home spring and summer, Baker tells investors in a research note.
Dick's Sporting price target raised to $48 from $31 at Susquehanna » 09:0606/0306/03/20
Susquehanna analyst Sam…
Susquehanna analyst Sam Poser raised the firm's price target on Dick's Sporting to $48 from $31 and keeps a Positive rating on the shares. The analyst believes the company will emerge form the crisis as the winning US sporting goods retailer. He cited its robust omni-channel capabilities coupled with a strong balance sheet which is leading to market share gains and provides a structural advantage over competitors.