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Cold Weather Stock #5: Dick's Sporting Goods (DKS)

Cold weather stock #5 -- Dick's Sporting Goods (DKS)When you need to buy North Face and Columbia Sportswear, where do you go? One hot retailer that sells both is Dick's Sporting Goods (DKS). In November, the company reported better-than-expected third-quarter earnings on rising same-store sales.

Dick's attributed the rise in same-store sales to strong performance of both the North Face and Columbia Sportswear brands. The company also said the increased sales for these brands were likely due to fears of a harsh winter.

Continue reading Cold Weather Stock #5: Dick's Sporting Goods (DKS)

Hot Profits from Five Cold-Weather Stocks

Hot Profits from 5 Cold Weather StocksIf you live practically anywhere east of the San Andreas Fault, you know about the deep freeze biting the nation. Temperatures in many areas of the country have been way below normal this winter, especially in the Midwest and East Coast, and unfortunately, many meteorologists think the 2010 cold front will bring plenty of chilly nights before it makes its welcome departure.

According to the 2010 Farmers' Almanac, this winter will likely see many more days with below-normal average temperatures. Not just in the Midwest and East Coast, but for about three-quarters of the nation. The fallout from these cold temps is a constriction of outdoor activity, more time indoors, increased use of heaters, and when you have to go outside, the need to bundle up.

Continue reading Hot Profits from Five Cold-Weather Stocks

Analyst upgrades, downgrades and initiations: AOL, CKR, DKS, GEF, MLM, TROW ...

Analyst Upgrades

  • Stephens upgraded Martin Marietta (MLM) to overweight from equal weight on valuation and expectations that infrastructure and highway spending will increase. The firm raised its target on shares to $105 from $95.
  • Janney Montgomery upgraded Shutterfly (SFLY) to buy from neutral to reflect valuation and a reduced pricing overhang after Kodak (EK) raised its 4x6 prices. The firm raised its target on shares to $21 from $18.
  • Thomas Weisel upgraded Entropic Communications (ENTR) to overweight from market weight. The firm thinks the company is well-positioned for revenue growth in 2010, partly due to MoCA deployments from new customers and design wins for its silicon tuner product. The firm set a $5 target.
  • T. Rowe Price (TROW) was upgraded to buy from hold at Jefferies.
  • Dick's Sporting Goods (DKS) was upgraded to buy from neutral at BofA/Merrill.
  • Massey Energy (MEE) was upgraded to overweight from neutral at JPMorgan.

Continue reading Analyst upgrades, downgrades and initiations: AOL, CKR, DKS, GEF, MLM, TROW ...

Dick's Sporting Goods scores an upgrade

Dick's Sporting Goods (DKS) was shot out of a proverbial cannon Thursday morning, gaining more than 5% in the first minute of trading.

Ahead of the opening bell, Merill Lynch/Bank of America upgraded the stock to buy from neutral and lifted its price target by five bucks to $28.

The bank noted that fourth-quarter sales could be better than expected, as recent cold weather trends might send people into the stores looking to supplement their cold-weather wear. (Side note: negative 16 wind chill in Chicago today, and yes, I still love living here).

Continue reading Dick's Sporting Goods scores an upgrade

Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades:
  • American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  • RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  • Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  • Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  • Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  • Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
  • China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades, downgrades and initiations: DKS, GPS, NFLX, SPWRA, TIF ...

Analyst upgrades:

  • Merriman upgraded Sunpower (NASDAQ: SPWRA) two levels to Buy from Sell after transitioning coverage. The firm believes Sunpower is emerging from the current recession as the CleanTech leader and has a $38-$48 price range on shares.
  • Citigroup upgraded Varian Medical (NYSE: VAR) to Buy from hold as it believes capex pressure and health care reform uncertainty is priced into shares, and demand will return as hospital budgets stabilize. Citi raised its target on shares to $45 from $36.
  • FBR Capital upgraded Gap (NYSE: GPS) to Outperform from Market Perform following the Q2 results to reflect product improvement and ongoing inventory control. The firm raised its target on shares to $24 from $18.
  • Schnitzer Steel (NASDAQ: SCHN) was upgraded to Neutral from Sell at UBS.
  • UDR Inc. (NYSE: UDR) was upgraded to Market Perform from Underperform at Wells Fargo.
  • The Buckle (NYSE: BKE) was upgraded to Buy from Hold at Roth Capital.

Continue reading Analyst upgrades, downgrades and initiations: DKS, GPS, NFLX, SPWRA, TIF ...

Nike reports earnings, shares drop on weak futures orders

Nike, Inc. (NYSE: NKE), best known for its sporting apparel and footwear, reported earnings after the close today. Earnings per share, after certain adjustments, were $0.99 on $4.71 billion in revenue, compared to the $0.96 average expected from analysts. The consensus revenue target was $4.74 billion. Excluding non-comparable items, full year diluted EPS was up 10% to $3.81, although the company said worldwide futures orders were down 12% when the impact of currency changes were taken into account. Shares were off 1% during the trading day, and fell further shortly following the announcement.

Observers will be watching to see how well Nike's sales have held up as consumer spending has slowed, and whether or not the company is making strides in its effort to reduce costs and rationalize its advertising budget. Nike has cut 5% of its global workforce in an effort to save hundreds of millions, and management recently indicated that endorsement contract costs have fallen somewhat.

Continue reading Nike reports earnings, shares drop on weak futures orders

Five stocks for Father's Day from Kiplinger's ... and five more

Every year I find myself asking the same question: What to get dad for Father's Day. Well, Kiplinger's offers not to get our dads the same old presents -- another tie, another power tool -- but stocks in companies he probably likes or uses their products. That's a great idea, I thought, and decided to counter with five of my own.
  • Kiplinger's suggests: Diageo (NYSE: DEO), the seller of such brands as Johnnie Walker, Smirnoff, Guinness and José Cuervo. Diageo has held up better than most during the recession -- thanks to a balanced portfolio of products, with higher exposure to mid-price, mainstream brands and less exposure to ultra-premium brands. The shares look reasonably priced. At $56.01, Diageo trades at 15 times estimated June 2009 earnings of $3.82 a share. The stock yields 2.8%.
  • Another to consider: Molson Coors (NYSE: TAP), the seller of such brands as Coors, Blue Moon, Pilsner and Rickard's. Beer, probably even more so than hard liquor is supposed to hold better during a recession given the cheaper price point. The company's recent quarterly profits more than doubled. The shares trade at 13 times forward earnings of $3.33 and yield 2.2%.

Continue reading Five stocks for Father's Day from Kiplinger's ... and five more

Earnings highlights: HP, Gap, Saks, Hormel, Barnes & Noble and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: HP, Gap, Saks, Hormel, Barnes & Noble and more

Dick's falls, Saks rises on better-than-expected Q1 results

Dick's Sporting Goods Inc. (NYSE: DKS) reported higher-than-expected first quarter results Tuesday, while Saks Inc. (NYSE: SKS) posted a smaller-than-expected net loss for the first quarter.

For the first quarter ended May 2, Dick's posted a profit of $10.2 million, or $0.11 per share excluding items. Revenue increased 5% from a year ago to $959.7 million. Analysts surveyed by Thomson Reuters had expected earnings of $0.07 a share on revenue of $914.3 million.

Continue reading Dick's falls, Saks rises on better-than-expected Q1 results

JockStocks: Is Dick's Sporting Goods about to tee off and drive higher?

I have waxed poetically about how much I like golf in the past -- some may even say that I am obsessed (like Tiger Woods' lawyers -- kidding). With the great city of Cincinnati finally wrapping up winter and seeing that bright glowing orb known as the sun, I can't help but think about getting out there on the links and destroying some landscaping.

One sure way to tell that golf season is right around the corner is when your local Dick's Sporting Goods (NYSE: DKS) starts touting itself as the golf headquarters. Well, guess what happened over the weekend? That's right, I saw my first golf commercial. My question is, will the start of golf season be enough to help the sports retailer put the recent downturn behind itself and push forward?

There can be no doubt that the recent downturn in the economy has beaten down and battered the retail sector, and DKS is no exception. On a weekly basis, the stock has descended steadily since 2007 -- wilting under pressure from its 10-, 20-, and 50-week moving averages.

Continue reading JockStocks: Is Dick's Sporting Goods about to tee off and drive higher?

Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Citigroup, Kroger, Staples, J. Crew, National Semiconductor and more

Analyst upgrades, downgrades and initiations: ABMD, TI, DKS, SCHW ...

Analyst upgrades:
  • Jefferies upgraded Abiomed (NASDAQ: ABMD) to Hold from Underperform on valuation as it believes concerns over the company's Impella heart pump are priced in at current levels. The firm lowered its target price to $7 from $8.
  • Suntrust upgraded Somanetics (NASDAQ: SMTS) to Neutral from Reduce. The firm believes most of the risk is out of Somanetics shares and that the Q1 report could be a positive catalyst.
  • Banc of America/Merrill upgraded shares of Telecom Italia (NYSE: TI) to Buy from Neutral on valuation and believes the company's revenue trends are improving.
  • China Petroleum & Chemical (NYSE: SNP) was raised to Buy from Neutral at UBS.
  • Hexcel (NYSE: HXL) and Johnson Controls (NYSE: JCI) were upgraded to Buy from Neutral at Goldman.

Continue reading Analyst upgrades, downgrades and initiations: ABMD, TI, DKS, SCHW ...

Analyst upgrades, downgrades and initiations: RHHBY, MOT, RBS, DKS, MCO ...

Analyst upgrades:
  • ING upgraded Roche (OTC: RHHBY) to Buy from Hold as it believes Roche will not pay more than $100/share for Genentech (NYSE: DNA) and that the Avastin adjuvant data due April 2009 provides significant upside potential.
  • Oppenheimer upgraded Motorola (NYSE: MOT) to Outperform from Perform on valuation as it believes sentiment is at an all-time low and the stock has limited downside. The firm set a $5 target on shares.
  • Morgan Stanley upgraded Comerica (NYSE: CMA) to Equal Weight from Underweight citing valuation that adequately reflects credit deterioration in its commercial-heavy loan portfolio and aggressive government action.
  • Cheesecake Factory (NASDAQ: CAKE) and Nucor (NYSE: NUE) were upgraded to Buy from Neutral at Goldman.
  • Pinnacle Entertainment (NYSE: PNK) was raised to Overweight from Equal Weight at Barclays.

Continue reading Analyst upgrades, downgrades and initiations: RHHBY, MOT, RBS, DKS, MCO ...

Dick's Sporting Goods beats the estimates game

Dicks Sporting GoodsDick's Sporting Goods (NYSE: DKS) competed on Tuesday in a contest that no company really wants to play: the Expectations Game. Things turned out pretty well for the famous seller of sports stuff (being that I'm no athlete, I can't say I've purchased anything from the place). For the fourth quarter, Dick's posted adjusted income of 55 cents per diluted share. Analysts surveyed by Reuters believed that the chain might do 53 cents per share.

Very cool. In fact, Dick's stock closed yesterday at $12.84. The shares gained over 17% on excellent volume. So, one might expect that the earnings were great and that the stock is a buy. Not so fast.

Continue reading Dick's Sporting Goods beats the estimates game

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Symbol Lookup
IndexesChangePrice
DJIA-37.1910,741.98
NASDAQ-16.872,374.41
S&P 500-5.921,159.90

Last updated: March 19, 2010: 09:11 PM

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