Fri, Aug. 19, 12:59 PM
- Dick's Sporting Goods (DKS +0.2%) announced it bought Affinity Sports for an undisclosed amount.
- The company says Affinity Sports will help it provide services to various youth sports National Governing Bodies and large organizations under the Dick's Team Sports HQ platform.
- The technology platform was launched in January to offer services to youth sports leagues in the U.S.
- Source: Press Release
Tue, Aug. 16, 9:18 AM
Tue, Aug. 16, 7:54 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales increased 2.8% in Q2 to easily top the company's guidance.
- E-commerce penetration jumped 120 bps to 8.5% of total sales.
- Inventory was up 6.3% Y/Y at the end of the quarter which included the impact of cold weather merchandise from FY15 being held over.
- Dick's Sporting Goods sees FY16 EPS of $2.90 to $3.05 vs. $2.60-$2.90 prior and Q3 EPS of $0.39 to $0.42. Same-store sales are anticipated to increase 2% to 3% for the full year.
- Previously: Dick's Sporting Goods beats by $0.13, beats on revenue (Aug. 16)
- DKS +5.67% premarket to $58.00.
Tue, Aug. 16, 7:32 AM
Mon, Aug. 15, 5:30 PM
Mon, Aug. 15, 11:51 AM
- UBS thinks Dick's Sporting Goods (DKS +0.3%) will see a larger benefit from industry consolidation than some anticipated. Snippets from analyst Michael Lasser's note to investors tell the story.
- "70% and 79% of all TSA and Sports Chalet locations respectively are within 20 minutes' drive of a DKS location. We conservatively estimate that DKS could capture 10- 15% of the share that is displaced due to these store closures (we calculate BBBY and BBY captured ~20% and ~40% share when their respective competitors went out of business)."
- "Consensus expects DKS' comps will accelerate in FY'17. However, consensus is under-appreciating the extent of benefit that DKS could see from industry consolidation. As such, our FY'17 comp forecast of 3.7% is 70 bps above consensus."
- DKS trades at 18.9X the UBS 2017 EPS estimate of $2.90, just off its 52-week high of $55.56.
- Lasser ranks #93 out of the 4,120 analysts listed on TipRanks.com.
Fri, Aug. 12, 10:24 AM
Fri, Aug. 12, 9:02 AM
- Susquehanna starts coverage off on Dick's Sporting Goods (NYSE:DKS) with a Positive rating.
- The investment firm cites the strategic acquisition of Sports Authority stores as a sales driver.
- Stifel Nicolaus bumps its price target on Dick's up to $60 from $50.
- B. Riley backs up its Buy rating on DKS in a new note to clients.
- Earlier this week, Wolfe Research upgrades Dick's to Outperform.
Thu, Jul. 14, 9:00 AM
- RBC Capital upgrades Dick's Sporting Goods (NYSE:DKS) to an Outperform rating after having the sports retailer lined up at Sector Perform.
- The firm assigns a $56 price target to Dick's, a significant bump from the prior PT of $41 and 14% above yesterday's close.
- A key point from RBC is its contention that the disruption from the Sports Authority liquidation process will be less than feared.
- Looking ahead, Dick's management seems "increasingly confident" they can capitalize on the ~$2.7B of orphaned SA sales in 2017, observes analyst Scot Ciccarelli.
- DKS +1.34% premarket to $49.33.
Thu, Jun. 30, 11:17 AM
- Dick’s Sporting Goods (DKS +1.5%) prevailed at an auction for Sports Authority’s brand name and other intellectual property with a bid of $15M, beating out British retailer Sports Direct International, WSJ reports.
- DKS reportedly also won 31 Sports Authority store leases for $8M, and other store leases also were sold at the auction.
- Sports Authority filed for Chapter 11 bankruptcy protection in March with more than $1B in debt.
Tue, Jun. 28, 12:47 PM
- Dick's Sporting Goods (DKS +2.6%) is upgraded to Conviction Buy from Buy with a $53 price target at Goldman Sachs, which says DKS is best positioned to benefit from the closing of Sports Authority stores shortly after the July 15 sale hearing.
- Goldman notes that 63% of Sports Authority stores have a DKS store within 10 miles, and 37% of DKS stores have faced competition from more than one Sports Authority store within 10 miles; also, TSA store leases failed to generate interest from sporting goods retailers other than DKS.
- The firm says it expects "sharp acceleration in earnings growth in 4Q 2016, as DKS cycles an easy compare with the benefit of share gain from TSA, and further acceleration in 1Q-3Q 2017, when ‘full run rate’ TSA benefits compound margin gains from in-souring eCommerce next year.”
Mon, Jun. 27, 11:28 AM
- Investors may be tempted to put money into hardline retailers post-Brexit, but, says Credit Suisse's Seth Sigman, just because they have limited exposure to Europe doesn't mean they're totally insulated. Previous market shocks had the group underperforming the S&P 500 by 500 basis points.
- Three trends to be mindful of: Troubles in Europe could hit stocks which could hit the U.S. consumer, interest rates will stay lower for longer, and the dollar will remain strong.
- The safest ares are home improvement and auto parts - think Home Depot (HD -1.8%), Lowe's (LOW -1.7%), Tractor Supply (TSCO -0.3%). There's also stocks with specific catalyst or plays into near-term fear - think Advance Auto Parts (AAP -0.5%), Dick's (DKS -3.6%), and Sportsmans Warehouse (SPWH -2.8%).
Mon, Jun. 27, 10:48 AM
- Dick's Sporting Goods (DKS -3.2%) submitted a bid for 17 Sports Authority stores and was the only bidder to make offers for more than a single location operated by its bankrupt rival, Reuters reports.
- Bids were due Thursday night, with little apparent interest in Sports Authority, once one of the largest sporting goods chains in the U.S.
- Modell's and U.K. sports retailer Sports Direct International (OTC:SDIPF) dropped a plan to bid together for nearly 200 of the Sports Authority stores, according to the report.
- An auction will be held next week, and a bankruptcy court judge ultimately will approve the final sale.
Tue, Jun. 7, 10:52 AM
- Under Armour (UA +0.7%) launched its first mobile app today with the unveiling of UA Shop on Apple's App Store. An Android version is expected shortly.
- The UA Shop app will create an unified user profile that will sync across other Under Armour connected fitness apps and tools (including acquired properties).
- Sector watch: UA Shop and Nike's SNKRS apps present a bit of showrooming risk for Foot Locker (FL), Finish Line (FINL -0.3%), and Dick's Sporting Goods (DKS +0.4%) - although the retailers have maintained that they have selling strategies to diminish the impact.
Fri, May 20, 9:11 AM
- Analysts are adjusting estimates on Dick's Sporting Goods (NYSE:DKS) after digesting the sporting good chain's Q1 report and full-year update.
- Citigroup lowers its price target to $52 from $50.
- Goldman Sachs upgrades to Buy and assigns a $53 price target.
- Morgan Stanley takes off its bear call with an upgrade to Equal Weight from Underweight.
- RBC Capital is the gloomiest of the bunch with a lowly price target of $41.
- A conservative approach by Dick's management toward adding Sports Authority stores is seen as a positive as it the loyalty-card offers going out to former Sports Authority customers.
- An interesting tidbit from the Dick's earnings call (transcript) is that the company has a focus on the devastation in the department store sector. Why rush into buying Sports Authority stores when spaces from Macy's, J.C. Penney, Kohl's, and Sears are also opening up this year in strategic locations? Dick's could benefit from the buyers market.
Thu, May 19, 9:10 AM
Dick's Sporting Goods, Inc. engages as a sporting goods retailer, which offers a broad assortment of brand name sporting goods equipment, apparel and footwear in a specialty store environment. The company's products are categorized into three divisions: Apparel, Footwear, and Hardlines. The... More
Industry: Sporting Goods Stores
Country: United States