Janney Montgomery Scott Maintains a 'Neutral' on Dick's Sporting Goods (DKS); Decent 1Q Upside, Sustainability in Focus

Janney Montgomery Scott maintains a 'Neutral' on Dick's Sporting Goods (NYSE: DKS) price target of $51.00.

Analyst, Eric Tracy, said, "DKS reported a nice 1Q beat on better-than expected comps (+8.4% vs. our Street-high estimate of +6.0% and consensus of +4%) and gross margins (+30.8% vs. our 30.2%) on what we suspect was weather-induced strength and continued footwear trends."

"For 2Q12, DKS is guiding EPS of $0.62-0.63 (vs. consensus at $0.63) on a +2-3% comp (vs. +2.5% LY and consensus of +3%), which we view as potentially conservative."

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 $47.24 yesterday.

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