Dick's Sporting Goods policies are good for business

Dick's Sporting Goods: major gun retailer to stop selling assault-style weapons

In the absence of congressional action, Dick's accepted this responsibility. Authorities said Cruz, the 19-year-old suspect, used an AR-15-style rifle he bought legally in the attack on his old school.

A rapid-fire, magazine-fed automatic rifle designed for infantry use is the definition of an assault rifle.

A sign with the company logo hangs above the entrance of a Dick's Sporting Goods store on May 20, 2014 in Niles, Illinois.

Dick's, meanwhile, joins Walmart in ending sales of assault-style rifles. "But it could have been", Stack said. He also called for the closing of the private sale and gun show loophole that enables purchasers to escape background checks. "After Parkland, we were so disturbed and saddened by what happened in Parkland that we said we need to do something", explained Dick's CEO, Edward Stack. Dick's (DKS) will not sell high-capacity magazines that allow shooters to fire far more rounds than traditional weapons without reloading, as well as other accessories used with weapons similar to the AR-15. Some gun sellers haven't responded to requests for comment, including Bass Pro Shops, which owns Cabela's, or Camping World Holdings, which owns Gander Outdoors.

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Gun makers already are facing more pressure after the Parkland shooting, especially from their investors, such as BlackRock, one of the biggest owners of stock in publicly traded gun manufacturers. It's more likely they recognize, perhaps better than elected officials do, that the American people take gun control and responsible policy seriously.

"It's not the solution stop selling them". The number of Federal Bureau of Investigation firearm background checks - the best proxy for gun sales - hit an all-time high in 2016, driven by fears of a Democrat winning the White House. Last year, the company cited poor sales of rifles as one reason for its declining stock price.

Dick's is based just outside of Pittsburgh in a state where the first day of deer hunting season is an unofficial holiday for many families.

Walmart still sells rifles and hand guns.

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Don Perkins, owner of Bare Arms gun store in Noblesville, says his store will not be making changes. But after the Parkland shooting, "it's a huge line, straight up". "They will just go to the next store, anywhere they can get em", said Metcalf. Forward View raised Dicks Sporting Goods from a "sell" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Thursday, November 16th.

"Adding something so controversial to their shelves doesn't make good corporate strategy", Leghorn said.

"I am thrilled because I have three grandchildren and two grown children that are studying to be teachers and I think it's absolutely awesome", Carol Hoover said. "Assuming the laws don't change".

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