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.
美银证券分析师罗伯特·奥姆斯将迪克体育用品公司（纽约证券交易所代码：DKS）的目标股价从245美元下调至225美元（从245美元），同时重申中性评级。
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.
目标股价的变化反映了今年收益上行空间更加有限的风险，因为分析师预计，支持体育之家（到2027年+75-100）、下一代门店（2024年+16家）和GameChanger（技术能力建设）增长的计划投资支出将压制入住率和运营支出。
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.
该分析师下调了第一季度调整后的预期。每股收益至2.85美元（从2.97美元起），这反映了本季度销售和收购压力加大，原因是品牌宣传活动、支持体育之家开业的开业前和营销费用增加，毛利率持续萎缩压力。
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，分析师调整后的每股收益估计为13.20美元，反映了销售和收购对第四季度完成的成本管理和业务优化措施的适度杠杆作用。
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.
同时，Ohmes将令人印象深刻的DKS体育之家门店、历史上最重要的品牌合作伙伴关系、DKS垂直服装品牌（CALIA、VRST、DSG）和采购能力视为不利因素。
Also Read: Dick's Sporting Goods To Gain From Diverse Assortment Of National Brands, Rollout Of New Store Concepts: Analyst
另请阅读: 分析师：迪克体育用品将从各种各样的民族品牌中获益，新门店概念的推出
Price Action: DKS shares are down 1.62% at $203.78 at the last check Monday.
价格走势：周一最后一次检查时，DKS股价下跌1.62％，至203.78美元。
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