{"id":46836,"date":"2013-08-25T02:24:00","date_gmt":"2013-08-25T02:24:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/oppenheimer-lowers-rating-on-dicks-sporting-goods-dks\/46832\/"},"modified":"2013-08-25T02:24:00","modified_gmt":"2013-08-25T02:24:00","slug":"oppenheimer-lowers-rating-on-dicks-sporting-goods-dks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oppenheimer-lowers-rating-on-dicks-sporting-goods-dks\/46836\/","title":{"rendered":"Oppenheimer Lowers Rating on Dick\u2019s Sporting Goods (DKS)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Oppenheimer on Friday cut its price target on Dick\u2019s Sporting Goods (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=DKS\" target=\"_blank\" rel=\"noopener\">NYSE: DKS<\/a>) to $44.00 from $56 and slashed the rating from \u201coutperform\u201d to \u201cmarket-perform\u201d<\/p>\n<p><span id=\"more-46836\"><\/span><\/p>\n<p>The equity research firm cited concerns over recent weakness in sales, adding that this downtrend might continue as the sporting goods chain \u201ccontends with the after-effects of unfavorable weather and a number of acute product issues throughout its stores.\u201d<\/p>\n<p>Earlier on Wednesday, Aug. 21, equity research analysts at Deutsche Bank reaffirmed a \u201cbuy\u201d rating on the stock but cut the price target to $52 from $57. On the same day, analysts at Citigroup Inc. lowered the price target on the stock to $54. Separately, analysts at UBS AG reaffirmed a \u201dbuy\u201d rating on the stock but slashed the price target to $55 from $60.<\/p>\n<p>Currently, four equity research analysts keep a \u201chold\u201d rating; fourteen analysts have given a \u201cbuy\u201d rating while one analyst has assigned a \u201cstrong buy\u201d rating on the stock. The average price target currently is $56.43.<\/p>\n<p>The Company last week handed weaker-than-expected fiscal second quarter results.<\/p>\n<p>Adjusted earnings stood at 71 cents a share, which was 5 cents below analysts\u2019 consensus estimate, according to a poll conducted by Thomson Reuters.<\/p>\n<p>Revenue climbed 6.5% to $1.50 billion but missed analysts\u2019 expectation for $1.58 billion.<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/oppenheimer-lowers-rating-on-dicks-sporting-goods-dks\/46836\" data-title=\"Oppenheimer Lowers Rating on Dick\u2019s Sporting Goods (DKS)\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130827214926js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-tumble-on-concerns-over-military-intervention-in-syria\/46889\"><br \/>\nStocks Tumble on Concerns over Military Intervention in Syria<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/concerns-over-syria-push-gold-prices-to-15-week-high-silver-prices-also-rally\/46888\"><br \/>\nConcerns Over Syria Push Gold Prices To 15-Week High; Silver Prices also Rally<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-lower-in-mid-day-trading-6\/46885\"><br \/>\nStocks Lower in Mid-Day Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-tumble-in-early-trade-2\/46882\"><br \/>\nStocks Tumble in Early Trade<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-yen-gains-sharply-against-the-dollar-amid-rising-concerns-over-possible-military-intervention-in-syria\/46880\"><br \/>\nForex Market Update: Yen Gains Sharply Against the Dollar Amid Rising Concerns Over Possible Military Intervention in Syria<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-gain-amid-rising-tensions-over-syria-silver-prices-also-rise\/46876\"><br \/>\nGold Prices Gain Amid Rising Tensions over Syria; Silver Prices also Rise<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-futures-fall-sharply-2\/46874\"><br \/>\nStocks Futures Fall Sharply<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130827214926im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oppenheimer on Friday cut its price target on Dick\u2019s Sporting Goods (NYSE: DKS) to $44.00 from $56 and slashed the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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