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Fly News Breaks for May 21, 2015
DKS
May 21, 2015 | 08:36 EDT
After Dick's reported in-line Q1 EPS but lower than expected comps, the firm says that the company's gross margin should rise significantly in Q2. The firm adds that it was encouraged by the 3.8% increase in comp sales, excluding golf and hunting. It notes that the -2% comp impact from golf and hunting has improved from the -5.1% impact in 1Q14. BMO says that the company's fundamentals are intact and it keeps a $63 price target and Outperform rating on the shares.