Imperial Capital Boosts Price Target on Dick's (DKS); 'Best-of-Breed'
Imperial Capital raised its price target on Outperform-rated Dick's Sporting Goods (NYSE: DKS) from $55 to $60 following 1Q13 results.
Analyst Lee Giordano said "We consider Dick's a best-of-breed retailer with talented management, an impressive track record of strong financial performance, and significant organic growth potential. We believe Dick’s market position and size as a leading big-box sporting goods retailer provides it with a sustainable competitive advantage offering one of the broadest and deepest assortments of leading brands, as well as a robust private brand/label offering."
The firm maintained 2013 and 2014 EPS estimates of $2.86 (+13%) and $3.33 (+17%).
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 $52.45 yesterday, with a 52 week range of $44.06-$54.25.
Analyst Lee Giordano said "We consider Dick's a best-of-breed retailer with talented management, an impressive track record of strong financial performance, and significant organic growth potential. We believe Dick’s market position and size as a leading big-box sporting goods retailer provides it with a sustainable competitive advantage offering one of the broadest and deepest assortments of leading brands, as well as a robust private brand/label offering."
The firm maintained 2013 and 2014 EPS estimates of $2.86 (+13%) and $3.33 (+17%).
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 $52.45 yesterday, with a 52 week range of $44.06-$54.25.