-
E-Commerce Strategy May Be The Key To Survival
Tuesday, August 16, 2016 - 1:45pm | 429The importance of e-commerce sales in the retail world has hit an all-time high. Wal-Mart Stores, Inc. (NYSE: WMT)'s high profile purchase of jet.com to take on Amazon.com, Inc. (NASDAQ: AMZN) $111 billion e-commerce empire highlights how key an online strategy is for a brick-and-mortar business....
-
Dicks Sporting Goods Hits New 52-Week High, But Could Be Too High Of A Price For Some Traders
Tuesday, August 16, 2016 - 1:32pm | 361Shares of Dicks Sporting Goods Inc (NYSE: DKS) gained more than 7 percent on Tuesday and hit a new 52-week high of $60.40 after the company reported a better-than-expected Q2 earnings print. Dicks earned $0.82 per share on revenue of $2 billion in the second quarter. Wall Street analysts were...
-
UBS Raises Dicks Sporting Goods Price Target, Could See String Of Accelerating Gains
Friday, August 12, 2016 - 12:48pm | 325Dicks Sporting Goods Inc (NYSE: DKS) has a favorable risk to reward profile, at least according to Michael Lasser of UBS. In a report published Friday, Lasser said Dicks' upcoming second quarter earnings print (August 16) could "set the stage for a string of accelerating gains."...
-
Dick's Is The No. 1 Pick In Sports Retail
Friday, August 12, 2016 - 10:28am | 406Susquehanna’s Sam Poser believes Dicks Sporting Goods Inc’s (NYSE: DKS) FY16 guidance could prove conservative. In addition, management lowered FY17 guidance, citing potential pressure from the liquidations of The Sports Authority and Sports Chalet. Poser initiated coverage of Dicks...
-
Under Armour's Q2 Earnings: What To Watch For
Monday, July 25, 2016 - 3:28pm | 432Under Armour Inc (NYSE: UA) is set to release its Q2 earnings Tuesday before the market opens. Analyst estimates are looking for revenue to come in slightly over the $1 billion mark and EPS at $0.01 per share vs $0.04. Under Armour has delivered over 20 percent top-line growth for a remarkable 24...
-
D.A. Davidson Favors Under Armour, VF Corp And Columbia In Apparel/Footwear
Monday, July 18, 2016 - 12:10pm | 446Earning season is kicking into high gear, and active lifestyle footwear and apparel companies are on deck to report their quarterly results. Andrew Burns of D.A. Davidson favors owning shares of Under Armour Inc (NYSE: UA), VF Corp (NYSE: VFC) and Columbia Sportswear Company (NASDAQ: COLM) ahead of...
-
The Sports Authority Sale Hearing A 'Best-Case Outcome' For Dick's Sporting Goods
Monday, July 18, 2016 - 9:10am | 339“The Sale Hearing associated with The Sports Authority’s (TSA) bankruptcy process was held on Friday, July 15, 2016,” according to the Goldman Sachs report. Goldman Sachs’ Stephen Tanal maintains a Buy rating on Dicks Sporting Goods Inc (NYSE: DKS), with a price target of $...
-
Why Goldman Sachs Is Still Buying Nike Amid Choppy North American Waters
Wednesday, June 29, 2016 - 10:22am | 309The fourth-quarter results from Nike Inc (NYSE: NKE) showed "deteriorating trends" in North America, despite solid momentum overseas. The stock fell initially after the results as the market became skeptical over the company's outlook for high-single-digit reported sales growth and 30-50 bps of...
-
Here's Why Dick's Sporting Goods Has 32% Upside
Tuesday, June 28, 2016 - 8:43am | 271Goldman Sachs’ Stephen Tanal believes the closure on the outcome of The Sports Authority’s (TSA) bankruptcy process, expected on or soon after July 15, will boost investor confidence in market share gains for Dicks Sporting Goods Inc (NYSE: DKS). Tanal reiterated a Buy rating on Dick's...
-
Goldman Upgrades Dick's To Buy; 'A Competitor's Pain Is Its Rival's Gain'
Friday, May 20, 2016 - 9:10am | 297Goldman Sachs’ Stephen Tanal believes Dicks Sporting Goods Inc (NYSE: DKS) is well positioned to benefit from the bankruptcy and subsequent closure of its largest competitor, The Sports Authority (TSA). Tanal upgraded the rating on the company from Neutral to Buy, while raising the price...
-
What Happens To The Sports Authority Assets, Broncos' Mile High Stadium?
Friday, May 20, 2016 - 9:05am | 272It's been known for several months now that The Sports Authority was unlikely to reorganize in bankruptcy and survive as a brand. What wasn't clear prior to this week was what exactly would happen to Sports Authority's assets. According to Goldman Sachs, things are about to be shaken up...
-
Analysts Respond To Dicks' Q4 Results, Guidance
Thursday, March 10, 2016 - 10:22am | 536Analysts, in general, are optimistic on Dicks Sporting Goods Inc (NYSE: DKS), despite the warm weather that led the company's quarterly results to miss the Street's view. However, the shares closed 2.46 percent higher, implying investors were expecting such a result and are looking into the future...
-
Planet Fitness CEO Thinks His Company Can Win From Sports Authority's Bankruptcy
Monday, March 7, 2016 - 3:04pm | 302Sports Authority filed a Chapter 11 bankruptcy petition last week, and this would benefit discount gym chain Planet Fitness Inc (NYSE: PLNT), according to a report on TheStreet. As part of the reorganization, Sports Authority laid out plans to close or sell 140 of its 464 stores in the U.S. and...
-
Morgan Stanley: Dicks Sporting Goods Could Take Market Share From The Sports Authority
Monday, February 23, 2015 - 11:03am | 281Morgan Stanley commented on Dicks Sporting Goods Inc (NYSE: DKS) amid the news that The Sports Authority Inc. may default. Analyst Simeon Gutman presented a "DKS Overlap with The Sports Authority" store analysis in a research note and suggested that a hypothetical merger did not...
-
Deutsche Bank Rates Dick's Sporting Goods (DKS) A Buy
Wednesday, May 26, 2010 - 10:24am | 173Deutsche Bank Securities analysts Mike Baker and Adam Sindler rated shares of Dick's Sporting Goods Inc (NYSE: DKS) a Buy, with a price target of $33 per share. The analysts said that Dick's Sporting Goods Inc executives attended the Deutsche Bank Retail 1 on 1 Day in San Francisco on May 25. One...