This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dick's, Cabela's Miss the Mark on Hunting Slump: StockTwits

Stocks in this article: DKS CAB

NEW YORK (TheStreet) -- Ted Nugent may weep over this one. Shares of Dick's Sporting Goods  (DKS) got killed and grilled Tuesday after the company reported earnings that missed consensus estimates and prior guidance. Management also lowered earnings guidance.

The stock fell more than 16% by 11 a.m. to $44.58, and many on said it could go lower.

$DKS Frankly I think fair value is at 41 ? tickertutor (@tickertutor) May. 20 at 09:37 AM

Poor golf and hunting gear sales dragged down growth, according to Dick's executives. Same-store sales grew a relatively anemic 1.5%, compared to management's prior forecast of between 3% and 4% growth.

"Our difficulties this quarter were isolated to two categories: gold and hunting," said Dick's CEO Edward W. Stack in a statement. "After a very challenging first quarter in golf last year, we expected some further headwinds and only modest improvement, but instead we saw a continued significant decline. In the case of hunting, we planned the business down based on last year's catalysts, but it was even weaker than expected."

Dick's reported earnings of 50 cents per share, compared to the 52 cents per share Wall Street analysts had expected. Revenue came in at $1.4 billion, vs. the consensus call for $1.46 billion. Management guided to second quarter EPS of between 62 cents and 67 cents. Dick's anticipates same store sales to increase between 1% and 3%. For the full year, management lowered EPS guidance to between $2.70 and $2.85, vs. the $3.03 to $3.08 initially expected.

The results prompted analysts to downgrade the stock.

Dicks Sporting Goods downgraded by Sterne Agee to neutral. $DKS ? Analyst Ratings Network (@AnalystRatingsNetwork) May. 20 at 10:51 AM

Some investors said that the sporting goods company looked like a buy on the drop. They attributed at least a portion of the weak golf and hunting sales to snowy winter weather that kept outdoorsmen inside.

Sucks that people only golf in areas where it snows. $DKS ? LMF (@mytfine) May. 20 at 08:10 AM

And check out the technical chart on page 2.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs