Janney Montgomery Scott Q2 Review on Dick's Sporting Goods (DKS) and What To Expect on Conference Call

Janney Montgomery Scott maintains a 'Neutral' on Dick's Sporting Goods (NYSE: DKS) price target of $55.00.

Analyst, Eric Tracy, said, "This morning, DKS reported 2Q EPS of $0.65, in line with our estimate a penny above consensus and vs. guidance of $0.62-$0.63. Top-line growth of +10.0% (to $1,437 million) was slightly less than our +11.3%, driven by a lower comp increase vs. our model (+3.8% vs. our/consensus +5.0%/+3.5%)."

"DKS also took a $32 million impairment charge on its investment in JJB (weakening macro in Europe, unfavorable weather, and lackluster Euro Cup sales); however, we suspect a portion of JJB's miscues are company specific vs. market induced."

Tracy will be looking for conference call comments on 2H outlook, eCommerce/digital investments, inventory positioning, JJB investment, consumer spending/environment, and shop-in-shops namely Nike (NYSE: NKE) and Under Armour (NYSE: UA)

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 $50.54 yesterday.

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