These Analysts Revise Their Forecasts On Dick's Sporting Goods After Q1 Results

Financial Performance - Dick's Sporting Goods Inc reported first-quarter adjusted earnings per share of $3.37, missing the analyst consensus estimate of $4.34 [1] - Quarterly sales were $3.17 billion, reflecting a year-over-year increase of 5.2%, but fell short of the expected $3.59 billion [1] - The company maintained its FY2025 sales forecast at $13.60 billion to $13.90 billion, compared to analyst expectations of $13.86 billion [3] Strategic Moves - The company announced plans to acquire Foot Locker, which is seen as a transformational moment for Dick's, aiming to create a global leader in the sports retail industry [2] - Ed Stack, executive chairman, expressed admiration for Foot Locker's brand and community in sneaker culture, highlighting the potential for broader market reach [2] Analyst Ratings and Price Targets - DA Davidson analyst maintained a Buy rating but lowered the price target from $273 to $230 [5] - JP Morgan analyst kept a Neutral rating and reduced the price target from $224 to $195 [5] - Barclays analyst maintained an Overweight rating and raised the price target from $217 to $232 [5] - UBS analyst maintained a Buy rating and lowered the price target from $260 to $225 [5]