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, 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.
Tue, Mar. 8, 7:50 AM
- Dick's Sporting Goods (NYSE:DKS) says warm weather in parts of the U.S. contributed to a 2.5% drop in comparable-store sales in Q4.
- E-commerce continues to be a larger part of the story at Dick's. During Q4, e-commerce penetration rose 130 bps to 15.7% of all sales.
- Dick's Sporting Goods sees FY16 EPS of $2.85-$3.00 vs. $3.23 consensus. The company expects to open three new Dick's stores this year and relocate another three. Two new Field & Stream stores are slated to be opened in Q1. During the earnings call, execs are likely to be asked about the impact of the Sports Authority bankruptcy.
- Previously: Dick's Sporting Goods misses by $0.02, misses on revenue (Mar. 08 2016)
- DKS -7.33% premarket to $41.07.
Fri, Mar. 4, 10:46 AM
- Investors have been slowly piling into Dick's Sporting Goods (DKS +1.1%) ahead of the company's FQ4 earnings report due out next week.
- Analysts expect the company to report revenue of $2.28B and EPS of $1.16.
- The Sports Authority bankruptcy is also in the background. Earlier today, Under Armour backed 2016 guidance in what could be a solid indication that Dick's won't feel a huge impact on the accounts receivable front. Most analysts expect Dick's to see a benefit as Sports Authority stores in close proximity to a Dick's store are closed.
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, 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. 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. 17, 2015, 9:16 AM
Nov. 17, 2015, 7:52 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales rose 0.4% in Q3.
- The comp for Dick's chain increased 0.7%, while Golf Galaxy decreased 2.9%.
- E-commerce penetration +70 bps to 8% of total sales.
- Gross margin rate grew 10 bps to 29.7%.
- SG&A expense rate increased 60 bps to 24%.
- Inventory +13.1% Y/Y to $1.997B.
- Store count +54 Y/Y to 744.
- Q4 Guidance: Same-store sales: -2% to +1%; Diluted EPS: $1.10 to $1.25; Shares outstanding: 115M.
- FY2015 Guidance: Same-store sales: ~flat to +1%; Diluted EPS: $2.85 to $3; Shares outstanding: 117M; Capex: $245M.
- DKS -16.69% premarket.
Oct. 26, 2015, 10:55 AM
- Dick's Sporting Goods (DKS +4.6%) trades higher Barron's points to the "new burst of life" that might be in store for the company due to its fitness program.
- Management has set a strategy to create more store within a store areas within the retail footprint. Products from Nike, Under Armour, Ralph Lauren, and Skechers will all be highlighted.
- Dick's is also increasing its focus on women shoppers and e-commerce channels in other potential sales-boosting moves.
- If Dick's returns to its five-year trading multiple average of 20X forward earnings a run over $60 could be in store, reasons Barron's.
- DKS is one of the big-box names that has suffered ever since Wal-Mart dropped a guidance bombshell earlier in the month. Shares are down over 15% from the level seen on October 6.
Oct. 23, 2015, 10:37 AM
- Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
- Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
- Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
- Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
Aug. 18, 2015, 7:55 AM
- Dick's Sporting Goods (NYSE:DKS) reports same-store sales rose 1.2% in Q2. The Dick's chain recorded a 1.5% comp gain, while same-store sales at Golf Galaxy fell 2.9%.
- The company's e-commerce penetration of total sales increased 100 bps Y/Y to 7.3%.
- Gross profit rate +61 bps to 30.37%.
- SG&A expense rate -96 bps to 21.72%.
- Inventory +13.9% Y/Y to %1.615B.
- Store count +8 Q/Q to 712 units. Square footage +8% to $35.1M.
- Guidance: Q3 EPS of $0.45-$0.48 seen vs. $0.47 consensus.
- DKS -0.39% premarket to $50.50.
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
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