Janney Montgomery Scott Maintains a 'Neutral' on Dick's Sporting Goods (DKS); Updating Estimates

Janney Montgomery Scott maintains a 'Neutral' on Dick's Sporting Goods (NYSE: DKS) price target of $103.00.

Analyst, Eric Tracy, said, "Our new FY12 EPS is being raised to $2.33 from $2.32 on slightly higher gross margin (48.6% vs. 48.5% prior) and reduced SG&A expense as a % of sales (37.1% vs. 37.2% prior)...Earnings cadence adjusted to better reflect SG&A spend. 2Q EPS is now $0.10 (down from $0.15) on higher SG&A expense; 3Q EPS is now $1.00 (down from $1.08) on lower GM and slightly higher SG&A; 4Q EPS is now $0.94 (up from $0.80) primarily on lower SG&A."

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.

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