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

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

Say What? Retailers Actually Did Better Following 9/11

SunTrust Robinson Humprhey analyst David Magee had an interesting note related to specialty retailers following Friday's deadly terrorist attack in Paris. Going back to consumer activity following 9/11, Magee notes that surprisingly many retailers saw an uptick in sales in the two quarters following the terrorist attacks.

"While this may seem counter-intuitive, recall that many consumers canceled vacation travel plans and, as a result, felt somewhat more... More