In a report published Wednesday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on Dick's Sporting Goods DKS.
In the report, Morgan Stanley noted, “DKS' Q1 report revealed the golf and hunting businesses are falling short of expectations. Street EPS estimates likely fall 9%. The stock dropped 18%. Valuation, at 13.6x FY2 EPS, is at a trough level and looking more compelling given DKS still delivers a 12% 4-year EPS CAGR in our model.”
Dick's Sporting Goods closed on Tuesday at $43.60.
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