Canaccord Genuity Reiterates a 'Buy' on Dick's Sporting Goods (DKS); Raising PT and Estimates

Canaccord Genuity reiterates a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target of $58.00.

Analyst, Camilo Lyon, said, "We are raising our Q1 comp and EPS estimates based on positive checks, particularly in the baseball and golf categories. Our Q1 EPS estimate goes to $0.40 from $0.38. With strong comp momentum, a developing opportunistic gross margin story, and improving sq. ft. growth opportunities from BBY closings, 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 $50.48 yesterday.

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