Analysts Offer Insights on Services Companies: Michael Kors (NYSE: KORS) and Dick’s Sporting Goods (NYSE: DKS)

By Austin Angelo

Analysts fell to the sidelines weighing in on Michael Kors (NYSE: KORS) and Dick’s Sporting Goods (NYSE: DKS) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Michael Kors (NYSE: KORS)

Robert W. Baird analyst Mark Altschwager reiterated a Hold rating on Michael Kors (NYSE: KORS) yesterday and set a price target of $67. The company’s shares opened today at $65.29, close to its 52-week high of $68.35.

According to TipRanks.com, Altschwager is a 1-star analyst with an average return of -1.2% and a 42.9% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Currently, the analyst consensus on Michael Kors is Moderate Buy and the average price target is $67.21, representing a 2.9% upside.

In a report issued on January 25, Barclays also maintained a Hold rating on the stock with a $69 price target.
Dick’s Sporting Goods (NYSE: DKS)

In a report released today, Brian Nagel from Oppenheimer assigned a Hold rating to Dick’s Sporting Goods (NYSE: DKS). The company’s shares opened today at $30.27.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 5.1% and a 58.9% success rate. Nagel covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Advance Auto Parts.

Dick’s Sporting Goods has an analyst consensus of Moderate Buy, with a price target consensus of $33.35.

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