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

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

November 18, 2015 11:13 AM EST

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

November 18, 2015 9:21 AM EST

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

November 17, 2015 4:49 PM EST

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

Pre-Open Stock Movers 11/17: (OCRX) (NUAN) (HD) Higher; (OSIR) (DKS) (URBN) Lower (more...)

November 17, 2015 9:26 AM EST

Ocera Therapeutics (NASDAQ: OCRX) 38.5% HIGHER; announced positive results from the Company's Phase 1 study of the oral formulation of OCR-002, ornithine phenylacetate, in healthy subjects. OCR-002 exhibited encouraging extended-release properties, demonstrated a desirable pharmacokinetic (PK) profile and was well-tolerated.

Osiris Therapeutics (NASDAQ: OSIR) 28% LOWER; Brean Capital downgraded from Hold to Sell with a price target of $8.00.

Dick's Sporting Goods (NYSE: DKS)... More

Under Armour (UA) Most at Risk from Weak Dick's Numbers - Piper Jaffray

November 17, 2015 9:02 AM EST

Piper Jaffray analyst Erinn Murphy sees Under Armour (NYSE: UA) most at risk from disappointing results this morning at Dick's Sporting Goods (NYSE: DKS). UA derives 14.4% of its sales from DKS. Murphy believes Nike (NYSE:... More

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

November 17, 2015 7:31 AM EST

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

Wall Street gives up gains after Germany bomb scare

November 17, 2015 7:20 AM EST

By Noel Randewich

(Reuters) - U.S. stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing.

All three major U.S. indexes had ventured into positive territory following upbeat earnings reports from Wal-Mart (NYSE: WMT) and Home Depot (NYSE: HD). But they quickly relinquished those gains after the friendly match was canceled less than two hours before its start due to indications of a planned attack with explosives at the stadium in Hanover.

That added to... More

Say What? Retailers Actually Did Better Following 9/11

November 16, 2015 11:46 AM EST

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