Dick’s Sporting Goods Downgraded To ‘Neutral’ (DKS)
By Benzinga Staff
March 11, 2010 3:26 PM
March 11, 2010 3:26 PM
Equity research firm Sterne Agee & Leach has downgraded Dick’s Sporting Goods (NYSE: DKS) to ‘Neutral’ from ‘Buy’ rating.
According to a report released by the firm, Dick’s Sporting has not been able to maintain its margins. Dick’s reported EPS of 56 cents for fourth-quarter, a cent below analysts’ estimates. The sporting goods store is expected to make new investments, which will dilute its earnings by 16 cents per share.
The stock is currently trading at a multiple 18.8X of forward EPS.
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