Dick's Sporting raises Q4 EPS to $1.10-$1.11 from $1.04-$1.07, consensus $1.06 Raises Q4 SSS to 7% from previously announced guidance of 3%-4%. The improved outlook is due to better than anticipated fourth quarter same store sales and merchandise margin, partially offset by higher incentive compensation. The fourth quarter earnings guidance includes approximately 1c per diluted share benefit attributable to share repurchases in the fourth quarter of 2013 totaling $150M.
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.