Citigroup Reiterates Buy Rating, $58 PT on Dick's Sporting Goods
In a report published Wednesday, Citigroup reiterated its Buy rating and $58.00 price target on Dick's Sporting Goods (NYSE: DKS).
Citigroup noted, “DKS announced changes today to its e-commerce deal with 3rd party provider GSI Commerce, which was acquired by eBay last year. The agreement, which was previously set to expire in February 2024, is now ending January 2017. As a reminder, DKS took over operating responsibility (merchandise procurement, assortment, and pricing) in Feb 2009, while GSI has remained responsible for web hosting, maintenance, fulfillment, and customer service.”
Dicks Sporting Goods closed on Tuesday at $47.93.
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