Dick's Sporting Goods Inc

DKS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$287.00	Xqyxw	Twnkgfwkl

Dick's Sporting Goods Earnings: Strong Close to 2023 Excites Investors, but Valuation Is a Concern

David Swartz

Mar 14, 2024

Dick’s Sporting Goods’ shares jumped about 15% on March 14 after the no-moat firm reported fourth-quarter results that exceeded our expectations. While we think the firm is executing very well in a tough marketplace, we view the shares as very overvalued after roughly doubling over the past four months. We expect to lift our $98 fair value estimate by a high-single-digit percentage.

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