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Sterne Agee Downgrades Dick's Sporting Goods To Sell
Wednesday, May 18, 2011 - 8:15am | 164According to Sterne Agee, Dick's Sporting Goods (NYSE: DKS) is downgraded to Sell from Neutral. Sterne Agee said that it is downgrading from Neutral to Sell and establishing a $32 PT following weaker than expected quarter. “We are lowering our FY11 and FY12 estimates from $1.93 and $2.22 to $1.83...
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Sterne Agee Downgrades Dick's Sporting Goods To Sell, $32 PT
Wednesday, May 18, 2011 - 7:49am | 27Sterne Agee has downgraded Dick's Sporting Goods (NYSE: DKS) from Neutral to Sell and has established a $32 price target.
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Goldman Sachs Reiterates Buy Rating On Dick's Sporting Goods
Wednesday, May 18, 2011 - 7:45am | 188According to Goldman Sachs, Dick's Sporting Goods (NYSE: DKS) 1Q results put a dent in the Buy thesis, but did not break it. Goldman Sachs said that inclement weather in April undermined what was shaping up to be a stellar quarter, and what it thought would be a good quarter, on both the top- and...
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J.P. Morgan Calls $44 Price Target On Dick's Sporting Goods
Wednesday, May 18, 2011 - 7:42am | 92According to J.P. Morgan, Dick's Sporting Goods (NYSE: DKS) impressive margin expansion softens the sales miss. J.P. Morgan said that despite the weaker than expected top line DKS delivered a solid operating performance as expense leverage was the strongest it has been in two years. “We believe...
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Piper Jaffray Raises PT On Dick's Sporting Goods
Wednesday, May 18, 2011 - 7:38am | 104In a recent report, Piper Jaffray has raised the price target on Dick's Sporting Goods (NYSE: DKS) from $44 to $48 and has reiterated an Overweight rating on the company. The increase of price target comes after the company missed Q1 sales expectations due to a slow start to the spring season. In...
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A Peek Into The Market Before The Trading Starts
Wednesday, May 18, 2011 - 7:37am | 422Pre-open movers US stock futures are higher this morning, after upbeat earnings from Dell Inc (NASDAQ: DELL). Investors are awaiting the minutes from the meeting of the US Federal Reserve. Futures on the Dow Jones Industrial Average surged 26 points to 12,463.00 and futures on the S&P 500 stock...
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UPDATE: Staples Reports Downbeat Q1 Earnings, Lowers Profit Projections
Wednesday, May 18, 2011 - 6:38am | 111Staples Inc (NASDAQ: SPLS) reported downbeat first-quarter results and lowered its profit projections for the year. The group's net profit surged 5% to $198.2 million, or $0.28 per share, from $188.8 million, or $0.26 per share, in the year-earlier period. Its revenue increased 1.9% to $6.17...
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US Stock Futures Up After Strong Dell Earnings; Fed In Focus
Wednesday, May 18, 2011 - 6:24am | 683US stock futures are higher this morning, after upbeat earnings from Dell Inc (NASDAQ: DELL). Investors are awaiting the minutes from the meeting of the US Federal Reserve. Futures on the Dow Jones Industrial Average surged 32 points to 12,469.00 and futures on the S&P 500 stock index rose 3.20...
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Piper Jaffray Raises PT on Dick's Sporting Goods To $48
Wednesday, May 18, 2011 - 6:00am | 28Piper Jaffray has raised the price target on Dick's Sporting Goods (NYSE: DKS) from $44 to $48 and maintains its Overweight rating.
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Earnings Scheduled For May 18 (BJ, DE, TGT, AAP, SPLS, ROST, JACK, LTD, CHS, ABMD, PETM, BRC, HOTT, ANF, ALKS, EV, NTES, CCM, SNPS)
Wednesday, May 18, 2011 - 1:16am | 504BJ's Wholesale Club Inc (NYSE: BJ) is estimated to post its Q1 earnings at $0.56 per share on revenue of $2.82 billion. Deere & Company (NYSE: DE) is projected to report its Q2 EPS at $2.06 on revenue of $8.14 billion. Target Corp (NYSE: TGT) is estimated to report its Q1 earnings at $0.94...
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Stocks To Watch For May 18 (DE, DELL, TGT, ADI, SPLS)
Wednesday, May 18, 2011 - 1:09am | 349Some of the stocks that may grab investor focus today are: Wall Street expects Deere & Company (NYSE: DE) to report its Q2 EPS at $2.06 on revenue of $8.14 billion. DE shares gained 0.66% to $87.53 in after-hours trading. Dell Inc (NASDAQ: DELL) reported its fiscal first-quarter net income at...
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Should Apple Brace Itself for a Nook Invasion?
Tuesday, May 17, 2011 - 2:05pm | 760You wouldn't think that Barnes & Noble (NYSE: BKS), one of the most embattled retailers in the nation, could ever pose a threat to Apple (NASDAQ: AAPL). But after gaining nearly 30%, B&N announced that its new app store had sold and/or given away one million apps. Compared to Apple's App...
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Deutsche Bank Reports on Dick's Sporting Goods (DKS)
Tuesday, May 17, 2011 - 9:19am | 180In a report released today, Deutsche Bank commented on Dick's Sporting Goods (NYSE: DKS). In the report, Deutsche Bank was positive in its outlook of the company. Deutsche Bank writes, “EPS was $0.30 versus consensus of $0.29 and guidance of $0.26-$0.28. Comps were 2.1% versus estimates in the 5%...
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Citi Reports In Line 1Q For Dick's Sporting Goods
Tuesday, May 17, 2011 - 9:15am | 179According to Citi, Dick's Sporting Goods (NYSE: DKS) will host a call at 10am ET 5/17. Citi said that DKS reported EPS of $0.30 vs. its $0.30, street's $0.29, guidance of $0.26-$0.28 with difference vs. its CIRA ests based on better SG&A (+3c on +4.2% vs. its +6.5%) and gross margin (+1c on +...
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Earnings Roundup For May 17 (HD, TJX, WMT, HPQ, SKS, TSL, DKS, STV, VOD, SCEI, TSEM, CHUX, ITRN, GCAP)
Tuesday, May 17, 2011 - 9:06am | 1020Home Depot Inc (NYSE: HD) reported a 12% rise in its fiscal first-quarter net income and raised its earnings forecast for the fiscal year. The retailer reported its quarterly earnings at $812 million, or $0.50 per share, up from $725 million, or $0.43 per share, in the year-ago quarter. Its shares...