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Dick's (DKS) Target Running Customer Not Same as Finish Line (FINL)

January 4, 2013 2:14 PM EST Send to a Friend
Get Alerts DKS Hot Sheet
Price: $43.88 -1.02%

Rating Summary:
    14 Buy, 15 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 20 | New: 23
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In the third quarter, Dick's Sporting Goods (NYSE: DKS) reported comps of 5.1 percent. Analyst at Deutsche Bank noted positive trends in apparel, footwear, and hardlines. Looking forward, analysts believe footwear trends remain positive. Analysts also said they do not see a direction read in DKS comps based on Finish Line Inc. (Nasdaq: FINL). Finish Line stock declined today after it reported Q3 results that missed expectations.

"We think DKS' target running customer is more the performance runner . . . versus the fashion running customer that The Finish Line stores target," said analyst Mike Baker.

Deutsche Bank has a Buy rating on Dick's Sporting Goods with a price target of $56.00.

For an analyst ratings summary and ratings history on Dick's Sporting Goods (NYSE: DKS) click here. For more ratings news on Dick's Sporting Goods click here.

Shares of Dick's Sporting Goods closed at $46.97 yesterday.




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