Worries about Dick's Sporting sales largely overblown, says Oppenheimer Oppenheimer believes that concerns about a significant slowing in Dick's sales as a result of warmer weather are largely overdone. Recent industry data suggests that sporting goods sales have stayed strong, and the firm believes that the company's Q4 results could provide a positive catalyst to the stock. It maintains an Outperform rating on the shares.
News For DKS From The Last 14 Days
Check below for free stories on DKS the last two weeks.
Dick's Sporting downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Dick's Sporting Goods to Market Perform citing the recent rebound in shares and its data for August which indicates golf equipment sales continue to be weak. Wells also believes Disk's is near peak sales productivity and that the shift to ecommerce will lead to lower margins. The firm dropped its price target range for shares to $43-$46 from $47-$50.