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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:06 EDTDKSGolf spending decline likely reflected in Dick's guidance, says Wells Fargo
After Channel Advisor reported that golf category sales weakened materially in April/May, Wells Fargo thinks the weakness is likely reflected in Dick's guidance. The firm thinks that Dick's can meet lowered FY14 expectations, and it believes that recent insider buying suggests that the stock's weakness may be overdone. The firm keeps an Outperform rating on the shares.
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July 8, 2014
17:09 EDTDKSDick's Sporting checks show 'aggressive' markdowns, says BMO Capital
BMO Capital said its store visits and online research indicate "aggressive clearance markdowns" in Q2 beyond golf, guns and ammunition at Dick's Sporting stores. BMO sees potential risk to its Q2 gross margin estimate and company guidance of a 60 basis point decline. The firm adds that its Q3 gross margin forecast could be at risk as management continues to align inventory ahead of the holidays. BMO has a Market Perform rating on Dick's with a $46 price target.

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