Canaccord Genuity Reiterates a 'Buy' on Dick's Sporting Goods (DKS); 2012 Offers Opportunity to Expand Gross Margins
DKS Hot Sheet
Rating Summary:12 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Canaccord Genuity reiterates a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target of $50.00.
Analyst, Camilo Lyon, said, "We believe DKS is poised for a solid 2012 as gross margin expansion opportunities abound. SKU rationalization by Academy Sports, reduced vendor visibility, and active gross margin support from key vendors should all benefit DKS via richer gross margins. Based on an average of potential outcomes, we estimate the net EPS benefit to DKS 2012 EPS could approximate $0.13. With favorable comp comparisons and positive margin dynamics, we reiterate our rating."
For an analyst ratings summary and ratings history on Dick's Sporting Goods click here. For more ratings news on Dick's Sporting Goods click here.
Shares of Dick's Sporting Goods closed at $43.61 yesterday, with a 52 week range of $29.10-$43.73.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Analyst, Camilo Lyon, said, "We believe DKS is poised for a solid 2012 as gross margin expansion opportunities abound. SKU rationalization by Academy Sports, reduced vendor visibility, and active gross margin support from key vendors should all benefit DKS via richer gross margins. Based on an average of potential outcomes, we estimate the net EPS benefit to DKS 2012 EPS could approximate $0.13. With favorable comp comparisons and positive margin dynamics, we reiterate our rating."
For an analyst ratings summary and ratings history on Dick's Sporting Goods click here. For more ratings news on Dick's Sporting Goods click here.
Shares of Dick's Sporting Goods closed at $43.61 yesterday, with a 52 week range of $29.10-$43.73.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Barclays Maintains an 'Overweight' on Tidewater (TDW); Dayrates Climb, But Adjusting Numbers Lower on Expenses
- UBS Maintains a 'Buy' on JPMorgan (JPM); Patient Investors Will Be Rewarded
- Nomura Securities Maintains a 'Neutral' on Urban Outfitters (URBN); Staying Sidelined Despite Positive Q1 Surprises
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Genuity Capital MarketsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
