Analysts Offer Insights on Services Companies: Dick’s Sporting Goods (NYSE: DKS) and Chico’s FAS (NYSE: CHS)

By Jason Carr

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Dick’s Sporting Goods (NYSE: DKS) and Chico’s FAS (NYSE: CHS) with bullish sentiments.

Dick’s Sporting Goods (NYSE: DKS)

In a report released yesterday, Scot Ciccarelli from RBC Capital reiterated a Buy rating on Dick’s Sporting Goods (NYSE: DKS), with a price target of $50. The company’s shares closed yesterday at $41.04, close to its 52-week low of $37.96.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 9.3% and a 65.6% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Genuine Parts Company, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Dick’s Sporting Goods is Moderate Buy and the average price target is $58.18, representing a 41.8% upside.

In a report issued on May 8, Canaccord Genuity also reiterated a Buy rating on the stock with a $67 price target.
Chico’s FAS (NYSE: CHS)

RBC Capital analyst Brian Tunick reiterated a Buy rating on Chico’s FAS (NYSE: CHS) yesterday and set a price target of $16. The company’s shares closed yesterday at $12.18.

According to TipRanks.com, Tunick is a 1-star analyst with an average return of -2.1% and a 47.8% success rate. Tunick covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ascena Retail Group, and Abercrombie Fitch.

Chico’s FAS has an analyst consensus of Moderate Buy, with a price target consensus of $14.33.

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