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SPWH

Sportsman's Warehouse

$5.21

0.04 (0.77%)

, DKS

Dick's Sporting

$40.29

0.5 (1.26%)

08:13
09/30/19
09/30
08:13
09/30/19
08:13

Sportsman's Warehouse to acquire 8 Field & Stream stores for $28M

Sportsman's Warehouse (SPWH) announced that it has entered into agreements with DICK'S Sporting Goods, Inc. (DKS) to acquire 8 Field & Stream locations. The acquired stores will be operated as Sportsman's Warehouse stores and are located in Pennsylvania, New York, North Carolina and Michigan. The total purchase price of $28M for inventory and assets will be funded through borrowings under Sportsman's revolving credit facility. Sportsman's will sublease the eight locations from DICK'S. The transaction is expected to close on October 11, 2019 subject to customary closing conditions. This acquisition is consistent with Sportsman's strategy to return to a more typical store growth pattern, following a period of investment in omni-channel capabilities, technology, and debt reduction over the last two years. Excluding non-recurring costs and non-cash purchase accounting adjustments, this transaction is expected to be neutral to EPS in fiscal year 2019, and accretive to EPS in fiscal year 2020. The acquired stores, both individually and collectively, meet or exceed the investment hurdle rates that Sportsman's has established for opening any new store.

SPWH

Sportsman's Warehouse

$5.21

0.04 (0.77%)

DKS

Dick's Sporting

$40.29

0.5 (1.26%)

SPWH Sportsman's Warehouse
$5.21

0.04 (0.77%)

01/18/19
01/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Edwards Lifesciences (EW) upgraded to Buy from Neutral at BofA/Merrill with analyst Bob Hopkins saying he expects Edwards' multiple to move higher as investors digest upcoming pipeline readouts for Low Risk Aortic and Mitral Repair over the next five months. 2. Iqvia (IQV) upgraded to Buy from Hold at Jefferies with analyst David Windley saying the results from his firm's annual contract research organization survey show accelerating research and development spending, continued rise in outsourcing, and a "notable rise" in preference for global CROs over niche, private players. 3. Arista Networks (ANET) upgraded to Buy from Neutral at Nomura Instinet wih analyst Jeffrey Kvaal saying he views the recent pullback in shares as a buying opportunity and he expects "strong" Q4 results and "robust" growth in 2019. 4. Chevron (CVX) upgraded to Buy from Neutral at UBS with analyst Jon Rigby saying the recent pullback in oil prices has presented a buying opportunity in the shares. 5. Sportsman's Warehouse (SPWH) upgraded to Overweight from Neutral at Piper Jaffray with analyst Peter Keith saying the company is "poised for substantially better fundamentals" while the shares trade at the "lowest valuation within our coverage universe." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/03/19
PIPR
07/03/19
NO CHANGE
Target $7
PIPR
Overweight
Sportsman's Warehouse risk/reward 'highly favorable,' says Piper Jaffray
Piper Jaffray analyst Peter Keith says that despite weakness in the shares since early March, he continues to highlight Sportsman's Warehouse as a "highly favorable" risk/reward idea following the release of June firearm background check data. The data showed positive growth for the second straight month, something that has not happened since the 2016 presidential election, Keith tells investors in a research note. With National Instant Criminal Background Check System growth "now rebounding," the analyst expects normalized demand to continue through the 2020 election. He believes Sportsman's Warehouse can post a comp beat for Q2, as consensus "is just" at 0%. Keith sees "meaningful" upside in the stock and keeps an Overweight rating on Sportsman's Warehouse with a $7 price target.
08/29/19
DADA
08/29/19
NO CHANGE
Target $6
DADA
Buy
Sportsman's Warehouse price target raised to $6 from $5 at DA Davidson
DA Davidson analyst Michael Kawamoto raised his price target on Sportsman's Warehouse to $6 and kept his Buy rating after its Q2 results highlighted by "strong" sales of firearms. The analyst also cites the company's continued reduction in leverage and signs of accelerating comps in the back half of the year, saying investor sentiment on the stock is likely to improve. Kawamoto further states that at 7-times his expected 2020 earnings, the valuation on Sportsman's Warehouse offers an "attractive" entry point.
09/24/19
PIPR
09/24/19
NO CHANGE
Target $7
PIPR
Overweight
Sportsman's Warehouse valuation 'extremely attractive,' says Piper Jaffray
Following investor meetings with management, Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Sportsman's Warehouse with a $7 price target. Afer 18 months of investment activity, the company is now poised for a "notable positive growth inflection" in business fundamentals over the next 18 months due to a "dramatically improving" competitive landscape, its omni-channel initiatives launching in 2019, and re-acceleration to store growth in 2020, Keith tells investors in a research note. The analyst, who sees a "clear path" to mid-teens earnings growth, believes Sportsman's Warehouse's valuation is "extremely attractive" at current levels.
DKS Dick's Sporting
$40.29

0.5 (1.26%)

08/23/19
SUSQ
08/23/19
NO CHANGE
Target $41
SUSQ
Positive
Dick's Sporting initiatives bear fruit, price target raised at Susquehanna
Susquehanna analyst Sam Poser told investors to buy Dick's Sporting following its Q2 beat and upward revision to guidance. The analyst said fundamentals continue to improve along with better merchandising, investment in both the in-store experience and omni-channel capabilities, and subsiding headwinds from the deliberate pullback in the hunting category. Poser reiterated his Positive rating and raised his price target to $41 from $38 on Dick's sporting shares.
09/16/19
WELS
09/16/19
DOWNGRADE
Target $39
WELS
Market Perform
Dick's Sporting downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Tom Nikic downgraded Dick's Sporting Goods to Market Perform from Outperform with an unchanged price target of $39. The analyst moves to the sidelines with the shares up +25% year-to-date and hitting his price target. Now that Dick's has returned to positive comps and the stock has re-rated, the risk/reward is more evenly balanced, Nikic tells investors in a research note. Further, the analyst believes questions persist around the company's ability to "take the next big step toward EBIT growth."
09/16/19
09/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Halliburton (HAL) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying he sees "only modest upside" to the shares after revising his estimates lower. 2. Aurora Cannabis (ACB) downgraded to Sell from Hold at Stifel with analyst W. Andrew Carter saying he sees "meaningful downside" from current share levels following the company's "disappointing" Q4 earnings release. 3. HP Inc. (HPQ) downgraded to Neutral from Buy at UBS with analyst John Roy saying he points to downside risk for the company's flat expectations in its printing supplies business amid low visibility and uncertain macro backdrop. Roy further believes that HP's PC margin would decline by more than consensus as the company passes through the component price declines and the sales mix shift away from commercial. 4. Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Tom Nikic saying now that Dick's has returned to positive comps and the stock has re-rated, the risk/reward is more evenly balanced. 5. JPMorgan (JPM) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/18/19
CLVD
09/18/19
NO CHANGE
CLVD
Neutral
Dick's Sporting Q3-to-date comps ahead of consensus, says Cleveland Research
Cleveland Research analyst Rusty Wilson said his checks lead him to believe that Q3-to-date comps at Dick's Sporting Goods seem to be trending ahead of consensus expectations. He assumes comps are up about 3.5% quarter-to-date, but given his expectations for some slowing in October he forecasts Q3 comps to rise 2.8%, which is ahead of the 2.3% quarterly comp growth consensus. Wilson has a Neutral rating on Dick's shares.

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IKTSY

Intertek

$0.00

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Upgrade
Intertek rating change at Goldman Sachs »

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