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Dick’s Sporting Goods’ Estimates Boosted at Canaccord Genuity (DKS)

By Dividend.com,  April 23, 2012, 10:10:35 AM EDT

Sporting goods retailer Dick's Sporting Goods Inc. ( DKS ) on Monday saw its earnings estimates lifted by analysts at Canaccord Genuity.

The firm reiterated its "Buy" rating and $58 price target on DKS, which suggests a 15% upside to the stock's Friday closing price of $50.48.

Canaccord Genuity analyst Camilo Lyon commented, "We are raising our Q1 comp and EPS estimates based on positive checks, particularly in the baseball and golf categories. Our Q1 EPS estimate goes to $0.40 from $0.38. With strong comp momentum, a developing opportunistic gross margin story, and improving sq. ft. growth opportunities from BBY closings, we reiterate our rating."

Dick's Sporting Goods shares fell 71 cents, or -1.4%, in premarket trading Monday.

The Bottom Line
Shares of Dick's Sporting Goods ( DKS ) have a .99% dividend yield, based on Friday's closing stock price of $50.48. The stock has technical support in the $43-$45 price area. The stock is trading at all-time highs.

Dick's Sporting Goods Inc. ( DKS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: DKS



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