- Telsey Advisory Group analyst Joseph Feldman lowered the price target on Dick’s Sporting Goods Inc (NYSE:DKS) to $125 (65% upside) from $153 and kept an Outperform rating on the shares.
- The analyst expects DKS to have a challenging Q1 as it faces a shift in consumer spending away from discretionary categories, elevated freight costs, and higher wages.
- Meanwhile, Feldman thinks DKS benefits from the strong demand for fitness & outdoor equipment and athletic apparel & footwear as team sports return and consumers prioritize healthy lifestyles, outdoor activities, and comfortable attire.
- He maintains a 1Q22 EPS estimate of $2.33 and expects the operating margin to contract 475 bps to 11.6%, given higher supply chain costs and promotions.
- Price Action: DKS shares are trading lower by 2.53% at $75.56 on the last check Monday.
Donnelley Financial Solns Q2 Adj. EPS $1.38 Beats $0.93 Estimate, Sales $267.50M Beat $234.50M Estimate
Donnelley Financial Solns (NYSE:DFIN) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $0.93 by 48.39 percent. This is a 58.62 percent increase over earnings of $0.87 per share
