Needham & Company Raises Numbers on Dick's Sporting Goods (DKS); Posts Record 4Q EPS Despite Unfavorable Weather
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Price: $204.21 -0.62%
Rating Summary:
24 Buy, 24 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
24 Buy, 24 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Needham & Company maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target raised from $48 to $52.
Analyst, Sean McGowan, said, "DKS Survives Weather. Posts Record EPS. Q4 sales grew 6% to $1.6B, up from $1.5B in FY 2010. SSS increased .1%, and were boosted by Golf Galaxy (+9%) and e-Commerce (+52%), offsetting weakness in Dick’s retail outlets (-2.5%). Q4 EPS were $0.88, and were supported by strong sales in apparel and footwear despite weakness in winter-related items."
"We have raised our 2012 EPS estimate from $2.35 to $2.43, our 2013 EPS estimate from $2.70 to $2.85, and are introducing a 2014 EPS estimate of $3.25. We believe a year from now, the shares will sell at a P/E of nearly 18x, supporting our new price target of $52."
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 $46.89 yesterday.
Analyst, Sean McGowan, said, "DKS Survives Weather. Posts Record EPS. Q4 sales grew 6% to $1.6B, up from $1.5B in FY 2010. SSS increased .1%, and were boosted by Golf Galaxy (+9%) and e-Commerce (+52%), offsetting weakness in Dick’s retail outlets (-2.5%). Q4 EPS were $0.88, and were supported by strong sales in apparel and footwear despite weakness in winter-related items."
"We have raised our 2012 EPS estimate from $2.35 to $2.43, our 2013 EPS estimate from $2.70 to $2.85, and are introducing a 2014 EPS estimate of $3.25. We believe a year from now, the shares will sell at a P/E of nearly 18x, supporting our new price target of $52."
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 $46.89 yesterday.
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