Piper Jaffray Raised The 1Q EPS From $0.28 to $0.29 And Reiterates Overweight Rating On DKS

In a recent report, Piper Jaffray has raised the 1Q EPS estimate on Dick's Sporting Goods (NYSE: DKS) from $0.28 to $0.29. The $44.00 price target and Overweight rating on DKS remains unchanged.

In the report, Piper Jaffray said, "We believe that DKS executed well in Q1 and continue to believe it is a compelling stock based on F11E square footage growth of over 7% and EPS growth of ~23%."

Dick's Sporting Goods closed yesterday at $42.58.