Needham & Company Maintains a 'Buy' on Dick's Sporting Goods (DKS); Q1 Preview

Needham & Company maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target of $52.00.

Analyst, Sean McGowan, said, "We believe the company will post solid sales and profit increases, with same-store sales up about 3.5%, and EPS up 30% from $0.30 to $0.39. Guidance is for SSS to be up 3-4%, and EPS of $0.36-0.38. Favorable weather in March and April may have pushed sales and EPS above the high end of guidance. We expect the company to reiterate and possibly raise its full-year guidance of SSS up 2-3% and EPS of $2.38-2.41 (including $0.03 from the fiscal year’s 53rd week). Our 2012 EPS estimate is currently $2.43, and we will revisit this following the earnings report."

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 $48.31 yesterday.

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