Dick's Sporting Goods (DKS) stock is down 36% this year and Foot Locker (FL) shares have fallen 31%, but they shouldn't be labeled with the same "mismanaged competition" issues as other retailers competing with Amazon.com (AMZN) , Susquehanna analyst Sam Poser said Friday.
Both Dick's and Foot Locker represent "compelling buying opportunities," Poser wrote, because both have exhibited "consistent share gains and positive traffic" despite tax refund delays, retailer bankruptcies, weather setbacks and calendar shifts that muddied the first half of the year. Poser thinks Foot Locker and Dick's will continue to strengthen their fundamentals in the back half of 2017 and beyond.
The two retailers don't fall victim to the same "Amazon issues" other ailing retailers face because they offer something Amazon doesn't: customer relationships.
Poser rates both stocks positively with a price target of $75 for Foot Locker and $57 for Dick's. Foot Locker stock traded down 1.4% at Thursday's close and Dick's was down over 8%.
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