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Tue, Jan. 5, 11:12 AM
- Smith & Wesson (NASDAQ:SWHC) is up 12% on a huge volume spike to reach a post-IPO high.
- The company lifted guidance last night and the gun debate has been raging this week with President Obama poised to take some executive action refinements to gun control regulations.
- SWHC reached a high of $26.64.
- Sturn Ruger (NYSE:RGR) is also ripping, up 7.1% to a 52-week high off the same enthusiasm that short-term gun and ammo demand could pick up.
- Vista Outdoor (VSTO +4.9%) and Cabela's (CAB +1%) are also catching bids off the gun control focus, while rallies in Dick's Sporting Goods (DKS +1.3%), Hibbett Sports (HIBB +1.3%), and Sportsman's Warehouse (SPWH +2.6%) look more speculative based off the actual impact of gun sales on total revenue.
- Previously: Obama set to roll out gun control actions today (Jan. 05 2016)
- Previously: Smith & Wesson hikes guidance; shares +3.7% (Jan. 04 2016)
Dec. 2, 2015, 9:54 AM
- Sporting goods stocks are all ahead of broad market averages with some M&A speculation in the background.
- Cabela's (CAB +1.4%) has confirmed it will explore strategic options which could include a combination with another chain or set off other companies on a similar plan. Many analysts think the market is oversaturated on a square footage basis.
- Gainers: Big 5 Sporting Goods (NASDAQ:BGFV) +1.5%, Dick's Sporting Goods (NYSE:DKS) +1.0%, Hibbett Sports (NASDAQ:HIBB) +0.7%, Sportsman's Warehouse Holdings (NASDAQ:SPWH) +1.2%.
- Previously: Cabela's to evaluate strategic options (Dec. 02 2015)
Nov. 20, 2015, 10:09 AM
- Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
- Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
- Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
- Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
Nov. 19, 2015, 5:58 PM
- Cabela's (NYSE:CAB) +8.5% AH following a Bloomberg report that it is fielding potential takeover interest and weighing whether to begin a sales process, and that rival Bass Pro Shops is working with JPMorgan Chase to help explore a bid.
- CAB is working with its regular advisers at Guggenheim Partners, which is reaching out to a small group of potential P-E buyers and strategic acquirers, according to the report.
- The report also says several buyout firms have expressed interest in a deal that may value CAB’s in the mid- to high $50s.
Nov. 19, 2015, 5:35 PM
Nov. 5, 2015, 3:08 PM| Nov. 5, 2015, 3:08 PM | 8 Comments
Oct. 28, 2015, 12:49 PM
Oct. 28, 2015, 10:02 AM| Oct. 28, 2015, 10:02 AM
Oct. 28, 2015, 9:12 AM
Jul. 23, 2015, 8:34 AM
- Cabela's (NYSE:CAB) reports consolidated comparable-store sales fell 0.9% in Q2.
- Retail store revenue was 13.9% higher to $570M, while direct revenue fell 7% to $137M.
- Strong demand for powersports, firearms, and ammunition helped to offset softness with some goods and apparel categories.
- An increase in promotional activity contributed to a 120 bp drop in Cabela's merchandise gross margin.
- Guidance: The company backs previous guidance for low-double-digit revenue growth and a high-single to low-double-digit EPS growth.
- Previously: Cabela's misses by $0.06, misses on revenue
- CAB -2.55% premarket to $50.40.
Feb. 12, 2015, 9:15 AM| Feb. 12, 2015, 9:15 AM | 5 Comments
Jan. 7, 2015, 1:29 PM
- Sporting goods chains trade higher after a report on Dick's Sporting Goods going private throws a spotlight on the sector.
- Big Five Sporting Goods (BGFV +3.1%), Hibbert Sports (HIBB +3.9%), and Cabela's (CAB +3.5%) are all well ahead of market averages.
- Previously: Dick's surges on going-private speculation
Oct. 23, 2014, 12:45 PM
Oct. 23, 2014, 8:19 AM
- Cabela's (NYSE:CAB) reports comparable-store sales fell 11.2% in Q3.
- Retail store revenue +8.7% to $598.7M.
- Financial services revenue +10.9% to $109.1M.
- Operating margin +160 bps to 10.6%.
- New stores significantly out-performed legacy stores during the period.
- Lower demand for guns and ammunition than a year ago factored into results.
Aug. 27, 2014, 8:31 AM
May 20, 2014, 10:06 AM
- 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%.
Cabela's Inc is a specialty retailer and a direct marketer of hunting, fishing, camping, and related outdoor merchandise. The Company operates in two segment retail and direct segments. It also issue the Cabela's CLUB Visa credit card.
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