Sporting goods sellers caught up in sharp sell-off

|By:, SA News Editor

Dick's Sporting Goods (DKS -16.1%) sinks to near a two-year low in a shocking drop after the company resets sales and profit expectations.

Though the company has a vibrant e-commerce channel, its massive retail footprint keeps scale an issue on the cost side. Weak demand for golf and hunting products also caught analysts by surprise.

The read from Dick's is creating a selling wave across the sporting goods sector.

Decliners: Cabela's (CAB) -5.4%, Big 5 Sporting Goods (BGFV) -3.7%, Hibbett Sports (HIBB) -2.2%, Callaway (ELY) -4.7%, Nautilus (NLS) -1.9%.