Yesterday, 10:32 AM
- Dick's Sporting Goods (DKS -2.8%) is under pressure after Off Wall Street fires off a Strong Sell rating on the retailer.
- Channel checks from the firm show a lower level of store traffic and there are margin concerns due to a higher mix of small Dick's stores.
- Off Wall Street's price target of $39 implies a significant downward swing for the sporting good retailer.
Thu, Sep. 22, 8:44 AM
- Dick's Sporting Goods (NYSE:DKS) is seeing a huge website traffic boost after securing the rights for the old Sports Authority website to redirect to DicksSportingGoods.com, according to Citi.
- Though shares of Dick's trade near very close to their all-time high, analyst sentiment on the sporting goods stock is very favorable.
- Previously: Oppenheimer sees Dick's Sporting Goods racing higher (Sept. 20)
Tue, Sep. 20, 8:09 AM
- Oppenheimer is the latest investment firm to see upside for Dick's Sporting Goods (NYSE:DKS) from the bankruptcy wave in the sporting goods sector.
- Analyst Brian Nagel sees a significant bounce for Dick's from the incremental sales it picks up in the thinned-out sector.
- Oppy has Dick's rated at Outperform with a $75 price target.
- Dick's tracked up to a 52-week high of $61.61 yesterday.
Thu, Sep. 15, 8:40 AM
- Oppenheimer upgrades Dick's Sporting Goods (NYSE:DKS) after it factors in the implications of the Golfsmith bankruptcy on top of the demise of other sporting good chains.
- The investment firm takes a longer view on DKS than some of its peers to say the "freed-up market share" works in its favor.
- DKS +1.45% premarket to $59.50 vs. a 52-week trading range of $33.42 to $60.40.
Wed, Sep. 14, 2:39 PM
- Golfsmith files for a Chapter 11 bankruptcy.
- The company says it will try to sell parts of its store chain before moving to a full liquidation.
- The New York Post reported a few days ago that Dick's Sporting Goods (DKS +0.5%) could be a buyer of stores.
- Earlier this year, Adidas and Nike pulled back on their golf businesses due to tepid demand.
Tue, Sep. 13, 7:24 AM
- Golfsmith is teetering on the edge of bankruptcy, reports the New York Post.
- The retailer is facing a dire situation after failing to sell itself.
- Sources indicate that Dick's Sporting Goods (NYSE:DKS) could snap up the golf retailer if it files for a Chapter 11 bankruptcy.
- Golfsmith operates 150 stores in the U.S. and Canada.
Wed, Sep. 7, 8:22 AM
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.