Dick's Sporting falls sharply after earnings, levels to watch The company missed expected EPS by 2 cents and came in light on revenues for its Q1. For its Q2, EPS is now expected to be in a range of 62 cents to 67 cents, versus consensus of 82 cents. Shares are down to a fresh 52-week low at $44.76, just off the session low at $44.25 which is now support. Support below $44.25 is at $42.97. Resistance is at $45.44.
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.