Market Overview

JP Morgan Maintains Overweight Rating on Dick's Sporting Goods


A report from J.P. Morgan reiterates its Overweight rating on Dick's Sporting Goods (NYSE: DKS).

The report states, “DKS reported 3Q11 operating EPS of $0.32 vs. our estimate of $0.25 and consensus of $0.26. Same-store sales were 4.2% vs. our 1.6%E (and real expectations of ~3%) with Ecommerce adding an estimated 50 bps. Gross margin increased an impressive 130 bps to 29.7%, better than our 29.2%E. Total operating expenses were well ahead of expectations, down 50 bps YOY to 23.8% vs. our 24.4%E.”

DKS closed yesterday at $39.58.

Posted-In: JP MorganAnalyst Color Earnings News Reiteration Analyst Ratings


Related Articles (DKS)

View Comments and Join the Discussion!