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Sports Authority's Loss Isn't Dick's Sporting Goods' Gains
Wednesday, March 8, 2017 - 3:05pm | 343Investors weren't wrong in their thinking that the closure of The Sports Authority and Golfsmith would benefit some of the sporting goods retailers remaining in the game, such as Dicks Sporting Goods Inc (NYSE: DKS). In fact, as noted by Gadfly's Shelly Banjo, Oppenheimer's retail analyst Brian...
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Acushnet Vs. Costco: Titleist Is Seeing An Unusual Competitor In Golf
Tuesday, January 10, 2017 - 4:36pm | 465Recent IPO Acushnet Holdings Corp (NYSE: GOLF) is seeing an unlikely competitor in its most dominant segment, the golf ball. The high turnover soft good is one of the most profitable segments in the golf industry and makes up 1/3 of Acushnet’s revenue with a dominant market share north of 50...
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Callaway CFO: Media's Portrayal That Golf Is Dying Is 'Way Overplayed'
Tuesday, December 13, 2016 - 4:43pm | 1019Despite the media’s portrayal of the “demise” of golf, golf-related stocks have performed quite well in 2016. Shares of Callaway Golf Co (NYSE: ELY) are up 23 percent year-to-date, and recent golf IPO Acushnet Holdings Corp (NYSE: GOLF) blew analysts’ estimates out of...
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Acushnet Birdies Its First Earnings Report As A Public Company, Shares Soar 14%
Friday, December 9, 2016 - 4:20pm | 423Acushnet Holdings Corp (NYSE: GOLF) shares were soaring over 14 percent Friday following the company’s third-quarter earnings release, Acushnet’s first release since becoming a public company in October. Acushnet, the parent company of golf-staple Titleist, delivered third-quarter...
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A Healthy Environment For Titleist Portfolio
Friday, December 9, 2016 - 11:58am | 331Acushnet Holdings Corp (NYSE: GOLF) reported its Q3 results at the high end of the preliminary guidance range. D.A. Davidson’s Andrew Burns reiterated a Buy rating on the company, with a price target of $23. Q3 Results Acushnet Holdings reported its Q3 revenue at $332.4 million, with adjusted...
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The Best And Worst News From Dick's Sporting Goods' Q2 Report
Thursday, August 18, 2016 - 12:02pm | 500Forward View Consulting has maintained its Buy rating on Dicks Sporting Goods Inc (NYSE: DKS) after the company's second-quarter earnings surpassed the Street's view by $0.14 and raised its full-year outlook. The Good Forward View said the best news is the liquidation of The Sports Authority and...