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Bank Of America Predicts Strong Store Growth For Dick's Sporting Goods

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According to Bank Of America, Dick's Sporting Goods (NYSE: DKS) could exceed 2012 store growth target.

Bank Of America said that it continues to believe the strong trends in the Athletic cycle support top-line growth and margin expansion. “We continue to view DKS as the best-positioned Sporting Goods retailer in the US, with potential for further EPS upside driven by: (1) solid comp sales, supported by higher-margin athletic footwear and apparel categories, (2) accelerating sq. ft. growth, and (3) continued gross margin expansion. Our PO remains $46, 20-21x our F13E EPS of $2.25.”

Dick's Sporting Goods closed yesterday at $36.78.

 

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Posted-In: Bank of America Merrill Lynch Dick's Sporting Goods IncAnalyst Color Analyst Ratings

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