Dick's Sporting Goods Notes Challenging Athletic Footwear And Apparel Market Conditions

Shares of apparel and footwear companies are trading lower amid possible sympathy with Walmart after it reported its slowest growth in U.S. comparable sales in six years. This may act as a bellwether for apparel companies, as retail shoppers may exercise caution in response to climbing prices.

These Analysts Revise Their Forecasts On Amer Sports Following Q2 Results

Amer Sports Inc. (AS) reported Q2 earnings of 22 cents per share, beating estimates. Q3 outlook missed, but full year outlook raised. Stock up 0.6%.

Truist Securities Maintains Buy on Amer Sports, Lowers Price Target to $42

Truist Securities analyst Joseph Civello maintains Amer Sports (NYSE:AS) with a Buy and lowers the price target from $50 to $42.

Deckers Outdoor shares are trading lower amid sympathy with Dick's Sporting Goods after the company reported worse-than-expected Q2 financial results and noted challenging athletic footwear and apparel markets.

Nike Just Hit a 12-Year Low. Is the Bottom Near?

Nike stock fell below $40 for the first time in 12 years, down 76% from its peak due to stalled revenue growth, margin compression, and competitive pressures. However, the company shows signs of potential recovery with expected gross margin expansion, renewed growth in running shoes and North America, and upcoming tariff refund benefits of $986 million.

Citigroup Maintains Buy on Dick's Sporting Goods, Lowers Price Target to $190

Citigroup analyst Paul Lejuez maintains Dick's Sporting Goods (NYSE:DKS) with a Buy and lowers the price target from $280 to $190.