UBS maintains a 'Buy' on Dick's Sporting Goods (DKS); Good Start to 2012 Makes Outlook Conservative

UBS maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target unchanged at $52.

UBS analyst said, "Relative to our model, DKS sales of $1.61 b were slightly higher than our $1.58 b estimate This offset a slightly lower op. margin of 11.4% vs. our 11.6% estimate DKS guided '12 EPS of $2.38-$2.41 (vs. our $2.50 & the street at $2.40), which appears conservative. Seemingly, '12 is off to a good start as DKS is guiding 1Q'12 to a 3-4% comp & EPS of $0.36-$0.38 (vs. consensus of $0.36). As of 4Q, inventory was up 13%, mostly due to cold-weather items. Clearance inventory was down 2.1%."

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 $46.89 yesterday.

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