Wed, Mar. 2, 4:09 AM
- More details have emerged about Sports Authority's plans to file for Chapter 11, including an agreement to take up to $595M in bankruptcy financing.
- The sports equipment retailer could shut down all its outlets by the end of April if it can't get more money into the business, and rival Modell's and lenders like Blackstone Group (NYSE:BX) have shown interest in bidding for the best stores.
- The filing is also seen as a positive for Dick's Sporting Good (NYSE:DKS) if shops will be closed.
Tue, Mar. 1, 8:36 AM
Tue, Feb. 23, 12:01 PM
- Sports Authority plans to file for bankruptcy as soon as early March, according to Reuters.
- The bankruptcy was tipped last month when the company missed a crucial debt payment.
- The filing is seen as a positive for Dick's Sporting Good (DKS +2.7%) with up to 450 stores expected to be closed. A decent percentage of Dick's and Sporting Authority stores are in close proximity to each other.
- DKS trades at a session high.
Tue, Feb. 23, 8:11 AM
- Dick's Sporting Goods (NYSE:DKS) declares $0.15125/share quarterly dividend, 10% increase from prior dividend of $0.1375.
- Forward yield 1.54%
- Payable March 31; for shareholders of record March 11; ex-div March 9.
Tue, Feb. 16, 11:02 AM
- Specialty retail stocks are breaking out of the pack to record strong gains.
- A number of economists have revised their forecast upward on the part of consumer spending tied to low-ticket household/clothing/recreational items.
- The Container Store (TCS +10.4%), Zagg (ZAGG +7.9%), Pier 1 Imports (PIR +4.2%), Chico's (FAS +3.4%), Five Below (FIVE +3%), and Destination XL Group (DXLG +5.5%) are notable gainers.
- The sporting goods sector is also showing strength - Hibbett Sports (HIBB +3.6%), Cabela's (CAB +3.7%), Dick's Sporting Goods (DKS +2.4%), and Big 5 Sporting Goods (BGFV +1.9%) are all ahead of broad market averages.
Thu, Feb. 4, 1:29 PM
- Sports Authority is closing in on filing for bankruptcy, according to Bloomberg.
- Sources say the company will buckle when a debt payment comes due in 10 days.
- The demise of Sports Authority could help lift sales at some Dick's Sporting Goods (DKS +0.2%) stores with their geographic footprint overlapping. It's assumed hundreds of Sports Authority stores would be closed if a reorganization was approved.
Thu, Jan. 21, 10:26 AM
- A report from comScore on web traffic yields some interesting results.
- On a year-over-year comparison of desktop and mobile traffic, Under Armour (NYSE:UA), Lululemon (NASDAQ:LULU), and Dick's Sporting Goods (NYSE:DKS) all showed strong traffic growth in December.
- The group appears to have cut into Nike's (NYSE:NKE) online domination slightly, although traffic to Nike.com was still up 17%
- Columbia Sportswear (NASDAQ:COLM) and Guess (NYSE:GES) showed nice traffic gains in December, while Hanesbrands (NYSE:HBI) saw a drop.
- REVISION: Nike's website traffic was corrected to +17% per information from comScore.
Wed, Jan. 20, 9:28 AM
- The financial difficulties at Sports Authority could benefit Dick's Sporting Goods (DKS +0.4%), notes Sterne Agee CRT. The investment firm points out that 23% of all Dick's stores are located close to a Sports Authority outlet.
- PE-owned Sports Authority is expected to miss a critical $20M debt payment.
Wed, Jan. 13, 7:33 AM
- Sports Direct International (OTC:SDIPF, OTCPK:SDISY) discloses that it holds a 11.52% stake in Iconix Brand Group (NASDAQ:ICON) and a 2.34% position in Dick's Sporting Goods (NYSE:DKS).
- The U.K. retailer is looking to increase its presence in the U.S. through commercial partnerships with Iconix and Dick's
- Sport Direct was up over 3% in London trading.
Tue, Jan. 12, 11:22 AM
- Dick's Sporting Goods (DKS +1.5%) announces the launch of a new software platform aimed at youth sports leagues.
- Dick's Team Sports HQ will offer leagues the ability to manage team websites, uniform orders, and manage donations or sponsorships under one service.
Thu, Jan. 7, 10:52 AM
- A mix of positive holiday sales report peppered throughout the retail sector has brought chain store stocks back into focus.
- Add sub-$2 gas prices along with a low level of jobless claims to the mix and investors are warming back up to to beat-up sector.
- Most of the gainers against a down market day have a heavy concentration of sales in the U.S.
- The Container Store (TCS +3.8%), Ulta Salon (ULTA +1.4%), Vitamin Shoppe (VSI -0.3%), Chico's FAS (CHS +2.9%), Dillard's (DDS +2.7%), Williams-Sonoma (WSM +1.7%), Dick's Sporting Goods (DKS +1.2%), Burlington Stores (BURL +4%).
- Previously: Retail chain stocks rally as $2 gas in U.S. outweighs turmoil in China (Jan. 07 2016)
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. 31, 2015, 4:57 PM
- Industry tracking shows cold weather apparel sales are still well-below last year's level even with the recent cold snap in the U.S. Northeast and Midwest.
- Consumer Growth Partners notes a high level of markdowns has held back revenue in the sector due to a higher mix of post-Christmas sales.
- Though the warmer weather helped sales in other categories, it's not nearly enough to offset the markdown activity on items such as winter coats and sweaters.
- Several investment firms have clipped Q4 EPS estimates on mall retailers due to concerns over apparel markdowns.
- Related stocks: COLM, DKS, LE, ARO, ANF, AEO, M, JCP, DDS, JWN, VFC.
Dec. 22, 2015, 11:24 AM
- Telsey Advisory analyst Joesph Feldman thinks a merger between Dick's Sporting Goods (DKS -0.1%) and Cabela's (CAB -0.8%) would be highly accretive and beneficial to shareholders if financed correctly.
- Feldman notes the geographic mix of the two sporting goods retailers is complementary.
- Though Cabela's is undergoing a strategic review, there's been no official indication that Dick's is in the mix.
- Shares of Dick's and Cabela's have both trailed broad retail stock averages this year.
Dec. 18, 2015, 11:51 AM
- The sporting goods sector continues to stay in a slump as analysts pinch EPS estimates lower to adjust for the loss of cold weather apparel sales.
- The slide in share price due to the expected soft Q4 sales tallies have brought forward price-to-earnings ratios down to the 10 to 15 range.
- The flip side to the weather issue might be the golf business. While Hibbett Sports (HIBB -0.9%), Dick's Sporting Goods (DKS), Cabelas (CAB -0.3%), Performance Sports Group (PSG -1%), and Big 5 Sporting Goods (BGFV -4.8%) are all sharply lower over the last 90 days (despite some help from golf) - pure play Callaway Golf (ELY -1.2%) is up a solid 11%.
Dec. 15, 2015, 1:42 PM
- Warm weather across the U.S. is seriously impacting sales for winter apparel, according to data from Planalytics.
- Boot sales were down 7% Y/Y in November, while winter accessory sales slid 10%. Those marks could be even worse for December with temperatures still unseasonably high.
- Planalytics estimates winterwear sales were down over 30% in major markets New York, Chicago, Boston, and Philadelphia.
- Companies which may need to clear inventory through promotions or outlet channels due to the mild winter include Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Black Diamond (NASDAQ:BDE), and V.F. Corporation (NYSE:VFC).
- Under Armour (NYSE:UA), Arctic Cat (NASDAQ:ACAT), Burlington Stores (NYSE:BURL), and Dick's Sporting Goods (NYSE:DKS) could also use a little snow.
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