Canaccord Genuity Reiterates a 'Buy' on Dick's Sporting Goods (DKS); Q4 as Expected; Robust Margin Opportunity in 2012
Get Alerts DKS Hot Sheet
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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Canaccord Genuity reiterates a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target raised to $53.00.
Analyst, Camilo Lyon, said, "DKS reported Q4 EPS of $0.88, in line with our estimate and the preannounced range of $0.87-0.88. Guidance for 2012 of $2.38-2.41 encompasses the consensus estimate of $2.40 yet appears conservative based on our expectation for continued gross margin expansion opportunities. In addition, we view structural gross margin gains from regionalization efforts still in their infancy stages. As such, we are reiterating our rating."
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, Camilo Lyon, said, "DKS reported Q4 EPS of $0.88, in line with our estimate and the preannounced range of $0.87-0.88. Guidance for 2012 of $2.38-2.41 encompasses the consensus estimate of $2.40 yet appears conservative based on our expectation for continued gross margin expansion opportunities. In addition, we view structural gross margin gains from regionalization efforts still in their infancy stages. As such, we are reiterating our rating."
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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