Dick's Sporting Goods' Investment Spree Could Spoil The Game For Investors, Analyst Says
Dick's Sporting Goods' Investment Spree Could Spoil The Game For Investors, Analyst Says
BofA Securities analyst Robert F. Ohmes cut Dick's Sporting Goods, Inc. (NYSE:DKS) price target to $225 (from $245) while reiterating a Neutral rating.
美銀證券分析師羅伯特·奧姆斯將迪克體育用品公司（紐約證券交易所代碼：DKS）的目標股價從245美元下調至225美元（從245美元），同時重申中性評級。
The price target change reflects the risk of more limited earnings upside this year as the analyst expects planned investment spending supporting the growth of House of Sport (+75-100 by 2027), Next Generation stores (+16 in 2024), and GameChanger (technology capabilities build-out) to weigh on occupancy and operating expenses.
目標股價的變化反映了今年收益上行空間更加有限的風險，因爲分析師預計，支持體育之家（到2027年+75-100）、下一代門店（2024年+16家）和GameChanger（技術能力建設）增長的計劃投資支出將壓制入住率和運營支出。
The analyst cut the estimates for first-quarter adj. EPS to $2.85 (from $2.97) to reflect better SG&A pressures in the quarter, given brand campaigns, higher pre-opening and marketing expenses to support House of Sport openings, and continued shrink pressures on gross margin.
該分析師下調了第一季度調整後的預期。每股收益至2.85美元（從2.97美元起），這反映了本季度銷售和收購壓力加大，原因是品牌宣傳活動、支持體育之家開業的開業前和營銷費用增加，毛利率持續萎縮壓力。
On the other hand, the analyst's adjusted EPS estimate of $13.20 reflects modest SG&A leverage on cost management and business optimization actions completed in the fourth quarter.
另一方面，分析師調整後的每股收益估計爲13.20美元，反映了銷售和收購對第四季度完成的成本管理和業務優化措施的適度槓桿作用。
Meanwhile, Ohmes sees impressive DKS House of Sport stores, all-time high-key brand partnerships, DKS vertical apparel brands (CALIA, VRST, DSG), and sourcing capabilities as tailwinds.
同時，Ohmes將令人印象深刻的DKS體育之家門店、歷史上最重要的品牌合作伙伴關係、DKS垂直服裝品牌（CALIA、VRST、DSG）和採購能力視爲不利因素。
Also Read: Dick's Sporting Goods To Gain From Diverse Assortment Of National Brands, Rollout Of New Store Concepts: Analyst
另請閱讀: 分析師：迪克體育用品將從各種各樣的民族品牌中獲益，新門店概念的推出
Price Action: DKS shares are down 1.62% at $203.78 at the last check Monday.
價格走勢：週一最後一次檢查時，DKS股價下跌1.62％，至203.78美元。
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