UBS Maintains a 'Buy' on Dick's Sporting Goods (DKS); Q1 Preview

UBS maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target raised from $54 to $56.

Analyst, Michael Lasser, said, "Our 1Q’12E EPS stands at $0.38 (in-line with consensus) driven by a 4% comp increase, but we see significant upside potential to those forecasts. While DKS’ gross margin might have felt some burden from the disposition of excess seasonal inventory held over from 4Q’11, we think this was more than offset by acute expense leverage on solid sales trends. Forward estimates could move notably higher after 1Q, yielding a favorable risk-reward for the shares, in our view."

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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