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Weak 4Q Guide Overshadows Dick's Sporting Goods (DKS) 3Q Report; Morgan Stanley Cuts Price Target to $44

Morgan Stanley maintained an Equalweight rating on Dick's Sporting Goods (NYSE: DKS), and cut the price target to $44.00 (from $60.00), following the company's 3Q earnings report. DKS's earnings (EPS of $0.45 vs. consensus of $0.46) took a backseat to the weaker than expected Q4 guide.... More

Dick's Sporting Goods (DKS) Attributes 3Q Miss to Warm Weather; Canaccord Genuity Cuts Price Target to $46

Canaccord Genuity maintained a Hold rating on Dick's Sporting Goods (NYSE: DKS), and cut the price target to $46.00 (from $47.00), following the company's 3Q earnings report. DKS reported adjusted EPS of 45c falling short of 47c consensus estimate. The miss was largely attributed to unseasonably warm weather that impacted the sale of cold weather... More

Sterne Agee CRT Blames Warm Weather for Dick's Sporting Goods (DKS) Sell-off; Cuts Price Target to $55

Sterne Agee CRT reiterated a Buy rating on Dick's Sporting Goods (NYSE: DKS), and cut the price target to $55.00 (from $62.00), following the company's 3Q earnings report. DKS posted EPS of $0.45 versus guidance of $0.45-$0.48, and the consensus estimate of $0.47. Traffic declines were the... More

Warm Weather Effects Inventory and Sales; Cowen Cuts Price Target on Dick's Sporting Goods (DKS)

Cowen maintained a Market Perform rating on Dick's Sporting Goods (NYSE: DKS), and cut the price target to $43.00 (from $55.00), based on relative valuation. Valuations in the athletic apparel and footwear industry have significantly contracted since October 1st due to elevated inventory positions as a... More

Dick's Sporting Goods (DKS) Misses Q3 EPS by 1c; Guides Q4 EPS Below Expectations

Dick's Sporting Goods (NYSE: DKS) reported Q3 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.64 billion.

Consolidated same store sales increased 0.4%, compared to the Company's guidance of an increase of 1 to 3%. Same store sales for DICK'S Sporting Goods increased 0.7%, while Golf Galaxy decreased 2.9%. Third quarter 2014 consolidated same store sales increased 1.1%.

Current 2015 Outlook

The Company's current outlook for 2015 is based on current expectations and includes "forward-looking statements" within the meaning of Section... More