-
Expect American Outdoor To Aim Conservatively When It Issues Guidance Next
Thursday, June 22, 2017 - 3:04pm | 356American Outdoor Brands Corp (NASDAQ: AOBC) will announce its fourth-quarter earnings on June 29, expected to be in line with guidance and consensus estimates. Wunderlich analyst Rommel Dionisio also expects the company to announce initial fiscal 2018 guidance. Dionisio reiterated a Hold rating and...
-
Lululemon's Founder Trashes Under Armour's 'Inferior' Business Model
Thursday, March 30, 2017 - 3:27pm | 394Chip Wilson, Lululemon Athletica inc. (NASDAQ: LULU)'s founder who no longer sits on the board, paid for bus shelter ads in February that encouraged Lululemon to acquire rival Under Armour Inc (NYSE: UAA). "Lululemon's business model is to have no debt and $1 billion in the bank to be...
-
Sports Authority's Loss Isn't Dick's Sporting Goods' Gains
Wednesday, March 8, 2017 - 3:05pm | 343Investors weren't wrong in their thinking that the closure of The Sports Authority and Golfsmith would benefit some of the sporting goods retailers remaining in the game, such as Dicks Sporting Goods Inc (NYSE: DKS). In fact, as noted by Gadfly's Shelly Banjo, Oppenheimer's retail analyst Brian...
-
Smith & Wesson Changes Name, But Competition Concerns Remain The Same
Monday, February 27, 2017 - 9:33am | 289Wunderlich recommends investors to remain on the sidelines on American Outdoor Brands Corp (NASDAQ: AOBC), formerly called Smith & Wesson, ahead of its third-quarter earnings on March 2. Analyst Commentary Analyst Rommel Dionisio estimates third-quarter revenue of $236 million and GAAP EPS of $...
-
Acushnet Vs. Costco: Titleist Is Seeing An Unusual Competitor In Golf
Tuesday, January 10, 2017 - 4:36pm | 465Recent IPO Acushnet Holdings Corp (NYSE: GOLF) is seeing an unlikely competitor in its most dominant segment, the golf ball. The high turnover soft good is one of the most profitable segments in the golf industry and makes up 1/3 of Acushnet’s revenue with a dominant market share north of 50...
-
Callaway CFO: Media's Portrayal That Golf Is Dying Is 'Way Overplayed'
Tuesday, December 13, 2016 - 4:43pm | 1019Despite the media’s portrayal of the “demise” of golf, golf-related stocks have performed quite well in 2016. Shares of Callaway Golf Co (NYSE: ELY) are up 23 percent year-to-date, and recent golf IPO Acushnet Holdings Corp (NYSE: GOLF) blew analysts’ estimates out of...
-
Acushnet Birdies Its First Earnings Report As A Public Company, Shares Soar 14%
Friday, December 9, 2016 - 4:20pm | 423Acushnet Holdings Corp (NYSE: GOLF) shares were soaring over 14 percent Friday following the company’s third-quarter earnings release, Acushnet’s first release since becoming a public company in October. Acushnet, the parent company of golf-staple Titleist, delivered third-quarter...
-
Are Shorts Right To Attack Under Armour's Stock?
Friday, July 1, 2016 - 3:57pm | 301Under Armour Inc (NYSE: UA) is one of the most heavily shorted stock in the S&P 500. According to Bloomberg's Tara Lachapelle, short interest in the athletic apparel maker's name actually doubled in the second. More than 33 percent of Under Armour's shares outstanding are sold short, compared...
-
Nautilus And The Sports Authority Shutdown: Wunderlich Stays Bullish
Thursday, June 23, 2016 - 11:46am | 298Wunderlich’s Rommel Dionisio mentioned that channel checks suggest that Nautilus, Inc. (NYSE: NLS) continues to witness robust sell-through momentum in retail, driven by its recent product launches in the strength and cardio segments. Dionisio maintains a Buy rating on the company, with a...
-
Under Armour Sells Off Following Lowered Guidance, Sports Authority Restructuring
Tuesday, May 31, 2016 - 5:10pm | 193Under Armour Inc (NYSE: UA) shares are down more than 3 percent in Tuesday's after-hours session. The company announced it now sees FY16 revenue of $4.925 billion vs. $5 billion estimates, with operating income now expected to range from $17-$19 million. The sports apparel company expects...
-
What Happens To The Sports Authority Assets, Broncos' Mile High Stadium?
Friday, May 20, 2016 - 9:05am | 272It's been known for several months now that The Sports Authority was unlikely to reorganize in bankruptcy and survive as a brand. What wasn't clear prior to this week was what exactly would happen to Sports Authority's assets. According to Goldman Sachs, things are about to be shaken up...
-
Short Covering May Be Retail ETF's Best Hope
Monday, May 16, 2016 - 9:35am | 533These are not the best of days for traditional retail stocks and the exchange-traded funds that hold those stocks. The SPDR S&P Retail ETF (NYSE: XRT) is down 5.1 percent year-to-date, which some may argue does not sound all that bad. At least not until realizing the retail ETF tumbled 4.6...
-
Dick's Sporting Goods, Academy Sports Interested In Acquiring Sports Authority Assets
Friday, April 15, 2016 - 8:49am | 159According to a report from Reuters, Dicks Sporting Goods Inc (NYSE: DKS) has expressed interest in acquiring the assets of Sports Authority, which are on sale after the company declared bankruptcy. Related Link: Sports Authority Bankruptcy Indicates "Secular Implosion Of Traditional Retail" Reuters...
-
Sports Authority Bankruptcy Indicates 'Secular Implosion Of Traditional Retail'
Wednesday, March 2, 2016 - 3:23pm | 357Sports Authority filed for Chapter 11 protection Wednesday after rumors of the company's bankruptcy swirled around the Street over the past month. The retailer will close 140 stores, according to a report by Bloomberg. Related Link: Stifel Nicolaus Upgrades Big 5 Sporting Goods To Buy The...
-
Everything Happening In The M&A Markets Right Now
Tuesday, March 1, 2016 - 12:40pm | 650In a new report, Deutsche Bank analyst Christopher Mcdonagh named key M&A headlines that could serve as market catalysts this week. Here's a rundown of his full list: Solera Holdings Inc (NYSE: SLH) has extended tender offers for outstanding 6.00 percent Senior Notes due 2021 and 6.125 percent...