UBS Maintains a 'Buy' on Dick's Sporting Goods (DKS); Raising PT & Estimates as Muscles Flexed In Q1
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Price: $52.21 --0%
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Trade DKS Now!
UBS maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target raised from $56 to $57.
Analyst, Michael Lasser, said, "During the first quarter, the weather played some part in helping the company achieve an 8.4% comp increase. However, we think the story was more about DKS flexing the benefits of its scale and gaining market share. This shows that its model really resonates with consumers. We expect the affinity will continue to serve the company well as it expands."
Lasser also quips that Dick's has the 'high class' problem of piling excess cash (company currently has $521mln) and according to the Q1 conference call, will be stock piling for the next few quarters. Lasser thinks DKS will eventually raised its dividend. UBS raises FY13 EPS estimate by $0.05 to $2.53 and FY14 by $0.04 to $2.81.
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 $50.05 yesterday, with a 52 week range of $29.10-$51.65.
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Analyst, Michael Lasser, said, "During the first quarter, the weather played some part in helping the company achieve an 8.4% comp increase. However, we think the story was more about DKS flexing the benefits of its scale and gaining market share. This shows that its model really resonates with consumers. We expect the affinity will continue to serve the company well as it expands."
Lasser also quips that Dick's has the 'high class' problem of piling excess cash (company currently has $521mln) and according to the Q1 conference call, will be stock piling for the next few quarters. Lasser thinks DKS will eventually raised its dividend. UBS raises FY13 EPS estimate by $0.05 to $2.53 and FY14 by $0.04 to $2.81.
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 $50.05 yesterday, with a 52 week range of $29.10-$51.65.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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