Companies in the Sporting Goods Stores segment operate physical retail stores that specialize in sporting goods, athletic and fitness wear, fitness equipment, and related products. Demand is driven by population demographics and consumer income, while the profitability of individual companies depends on merchandising and marketing skills. Today, Stock-Callers.com turns to four equities, namely: Dick's Sporting Goods Inc. (NYSE: DKS), Cabela's Inc. (NYSE: CAB), Acushnet Holdings Corp. (NYSE: GOLF), and Big 5 Sporting Goods Corp. (NASDAQ: BGFV). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:http://stock-callers.com/registration
Dick's Sporting Goods
On Tuesday, shares in Pennsylvania headquartered Dick's Sporting Goods Inc. recorded a trading volume of 1.19 million shares. The stock ended the session 0.99% higher at $57.93. The Company's shares have gained 0.09% in the last one month and 65.84% on an YTD basis. The stock is trading 0.13% above its 50-day moving average and 13.21% above its 200-day moving average. Moreover, shares of Dick's Sporting Goods, which operates as a sporting goods retailer primarily in the eastern US, have a Relative Strength Index (RSI) of 46.75.
On November 28th, 2016, the Company announced the acquisition of GameChanger Media as a new part of its DICK'S Team Sports HQ suite of digital youth sports offerings. GameChanger is a live scoring app that delivers data-driven coaching insights, live play-by-play updates and instant game recap stories for 165,000 amateur baseball and softball teams.
On December 9th, 2016, research firm UBS reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $66 to $69. Visit us today and access our complete research report on DKS at:http://stock-callers.com/registration/?symbol=DKS
Nebraska headquartered Cabela's Inc.'s stock closed the day 0.21% higher at $62.95, with a total trading volume of 384,746 shares. The Company's shares have advanced 2.14% in the past month, 25.70% over the previous three months, and 34.71% since the start of this year. The stock is trading 1.52% and 17.82% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cabela's, which operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise, have an RSI of 60.25.
As per a SEC filing dated December 14th, 2016, Cabela's Annual Meeting of Shareholders was held on December 13th, 2016. Shareholders voted on the matters set forth: 1) Election of Directors: The ten nominees for election to the Company's Board of Directors were elected, each for a one-year term; 2) Ratification of Appointment of Independent Registered Public Accounting Firm: The proposal to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal 2016 was approved; 3) Advisory Vote on Executive Compensation (Say on Pay): The advisory vote on executive compensation was approved. The complimentary report on CAB can be downloaded at:http://stock-callers.com/registration/?symbol=CAB
Shares in Massachusetts headquartered Acushnet Holdings Corp. recorded a trading volume of 286,051 shares, and ended yesterday's trading session 0.41% higher at $19.65. The stock has advanced 3.69% in the past month and 9.47% since the start of this year. Shares of the Company, which designs, develops, manufactures, and distributes golf products worldwide, are trading above their 50-day and 200-day moving averages by 2.61% and 2.61%, respectively.
On November 22nd, 2016, research firm Wells Fargo initiated a 'Market Perform' rating on the Company's stock.
On December 8th, 2016, Acushnet reported net sales of $332.4 million for Q3 2016, up 3.9% y-o-y from sales of $319.9 million. The Company's Q3 2016 net loss attributed to Acushnet Holdings was $6.2 million, compared to net loss attributed to Acushnet Holdings of $14.0 million. The Company posted adjusted EBITDA of $27.0 million for Q3 2016. Register for free on Stock-Callers.com and access the latest research report on GOLF at:http://stock-callers.com/registration/?symbol=GOLF
Big 5 Sporting Goods
California headquartered Big 5 Sporting Goods Corp.'s stock finished Tuesday's session 0.54% higher at $18.45, with a total trading volume of 324,840 shares. The Company's shares have advanced 28.32% over the previous three months and 92.76% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.72% and 45.65%, respectively. Additionally, shares of Big 5 Sporting Goods, which operates as a sporting goods retailer in the western US, have an RSI of 52.09.
On November 1st, 2016, the Company reported net sales of $279.0 million for Q3 2016 compared to net sales of $270.1 million for Q3 2015. The Company's same store sales increased 6.8% on a y-o-y basis. Big 5 Sporting Goods' net income for Q3 2016 was $8.2 million, or $0.38 per diluted share, compared to net income for Q3 2015 of $6.1 million, or $0.28 per diluted share. Get free access to your research report on BGFV at:http://stock-callers.com/registration/?symbol=BGFV
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