Dick's Core Business Strength, Foot Locker Turnaround Enable Investors to 'Remain on the Fence' Through H1, Truist Says

MT Newswires Live03-13

Dick's Sporting Goods' (DKS) confidence in Foot Locker's turnaround and core business strength allow investors to "remain on the fence" through H1, Truist Securities said in a Thursday note.

The company's 2026 outlook came in ahead of expectations, with comparable sales guidance of 2% to 4% for core brand and 1% to 3% for Foot Locker, versus investor expectations of 1% to 3% growth and flat growth, respectively, Truist said.

With the company's 2026 earnings per share guidance range of $13.50 to $14.50 coming below expectations of $14.75 to $15, Truist said that the company's estimate is based on a 91 million share count with no repurchases, which the brokerage expects to pick up through the year.

Truist maintained its buy rating and a $275 price target on the company's stock.

Price: 199.30, Change: +3.77, Percent Change: +1.93

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment