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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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Smith & Wesson Changes Name, But Competition Concerns Remain The Same
Monday, February 27, 2017 - 9:33am | 289Wunderlich recommends investors to remain on the sidelines on American Outdoor Brands Corp (NASDAQ: AOBC), formerly called Smith & Wesson, ahead of its third-quarter earnings on March 2. Analyst Commentary Analyst Rommel Dionisio estimates third-quarter revenue of $236 million and GAAP EPS of $...
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2016 Footwear Industry Recap: Retro Classics Grew 26% On The Year
Monday, January 30, 2017 - 3:48pm | 427The U.S. athletic footwear industry closed a solid 2016, generating over $17.5 billion in sales, a 3 percent increase year-over-year. The classics category had a standout year, experiencing 26 percent growth while generating $4.4 billion in sales. Companies with a strong classics portfolio...
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Stay Patient, Under Armour Investors; Your Time May Come Post-Q4 Earnings
Monday, January 30, 2017 - 12:52pm | 332Shares of Under Armour Inc (NYSE: UA) (NYSE: UAA) continue trading at multi-year lows due to near-term concerns surrounding the brand's fundamentals and external macro factors — and this creates a buying opportunity. According to Baird's Jonathan Komp, Under Armour's stock now looks...
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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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All The Sell-Side Reactions To Dick's Sporting Goods Q3
Wednesday, November 16, 2016 - 4:02pm | 304Dicks Sporting Goods Inc (NYSE: DKS) reported expectation-exceeding earnings on Tuesday. The share price, however, fell on conservative Q4 guidance. While investors reacted to the guidance in Tuesday's trading, analysts looked further. The gained market share from The Sports Authority and other...
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Leadership Position For Dick's Sporting Goods Will Continue To Improve Post-TSA Bankruptcy
Wednesday, November 2, 2016 - 9:55am | 419Wedbush Securities has started coverage of Dicks Sporting Goods Inc (NYSE: DKS) with an Outperform rating and $65 target price on competitive strength and solid leadership position. Dick’s Sporting Goods is the largest beneficiary of the bankruptcy of The Sports Authority (TSA), and the...
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Under Armour's Growth -- The Source Of Buy-Side Debate
Thursday, October 13, 2016 - 2:46pm | 410Given the raging debate among the buy-side community about Under Armour Inc (NYSE: UA)'s growth potential, Barclays inspected the company's long- and short-term growth drivers and concluded that it remains bullish on the shares of the company. The firm believes heightened skepticism presents an...
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A Top-Line Reaccleration For Under Armour Could Be Coming In The Next Year
Monday, October 10, 2016 - 10:50am | 284Wells Fargo thinks that Under Armour Inc (NYSE: UA) is one company with a strong growth story and enough opportunities to expand its P&L. The firm didn't find any issues in the growth prospects for the year 2017. Therefore, the brokerage upgraded shares to Outperform and boosted the...
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Argus Raises Dick's Sporting Goods Price Target, Expects Market Share Gains
Tuesday, August 30, 2016 - 11:22am | 338Argus’ Christopher Graja expects Dicks Sporting Goods Inc (NYSE: DKS) to gain market share due to the bankruptcy of The Sports Authority. Graja reiterated a Buy rating on the company, while raising the price target from $52 to $66. Growth Expectations The analyst also expects the company to...
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Barclays Positive On Dick's Sporting Goods' Affinity Sports Buy
Monday, August 22, 2016 - 1:51pm | 318Barclays said the Dicks Sporting Goods Inc (NYSE: DKS)'s acquisition of San Diego-based sports management technology firm Affinity Sports should boost its competitive advantage and differentiating factor for the company in the sporting goods industry. The acquisition will grow Dick's presence in...
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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...
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Dick's Locations That Once Competed With The Sports Authority Stores Are Now Outperforming
Wednesday, August 17, 2016 - 11:13am | 485Citi maintains its Buy rating and raised target price by $10 to $68 on Dicks Sporting Goods Inc (NYSE: DKS) shares after solid second-quarter results driven by earlier-than-expected The Sports Authority (TSA) store closings and a strong outdoor category. Dick's Sporting Goods reported second-...
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Dick's Q2 Results Fuel The 2017 Bull Case
Wednesday, August 17, 2016 - 9:06am | 363Dicks Sporting Goods Inc (NYSE: DKS) reported strong Q2 results, surpassing the already elevated expectations. Morgan Stanley’s Simeon Gutman maintains an Equal-Weight rating on the company, while raising the price target from $44 to $54. Strong Q2 The company reported comps of 2.8 percent...
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Dick's Downgraded Following 42% Run
Wednesday, August 17, 2016 - 8:16am | 375Dicks Sporting Goods Inc (NYSE: DKS) reported robust Q2:16 results, reflecting that share gains from The Sports Authority have begun to accrue in Q2 itself and were likely to continue to drive results in the coming quarters. Goldman Sachs’ Stephen Tanal downgraded the rating on the company...