Loading...
Loading...
Shares of Dicks Sporting Goods
DKS pushed into positive territory Wednesday afternoon despite some concern from Janney Capital's Eric Tracy in an earlier note. After trading unch or negative throughout the morning session, Dicks shares are now up 0.7 percent to $49.60.
Tracy reduced his Q2, FY13 and FY14 estimates for the company, and subsequently lowered his price target from $59 to $57. His Q2, FY13 and FY14 EPS estimates moved from $0.75, $2.86 and $3.30 to $0.73, $2.84 and $3.26.
Tracy cited recent channel checks which seem to suggest traffic could be harmed following a larger-than-normal level of promotion following mild weather and rain over the spring.
The analyst maintains a Buy rating on Dicks shares.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in