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Morgan Stanley Still Sees Potential For Dick's Sporting Goods

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In a report published Wednesday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on Dick's Sporting Goods (NYSE: 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.

Posted-In: Jay Sole Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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