DALLAS, Texas 9/2/2008 10:13:46 PM
News / Finance

Beacon Equity Issues Technical Trade Alerts on Sporting Stocks: DKS, CAB, HIBB, BGFV, FL, UA

Today’s Trade Alerts include: Dick's Sporting Good Inc. (NYSE: DKS), Cabela's Inc. (NYSE: CAB), Hibbett Sports Inc. (Nasdaq: HIBB), Big 5 Sporting Goods Corp. (Nasdaq: BGFV), Foot Locker Inc. (NYSE: FL), and Under Armour Inc. (NYSE: UA).

 

Dick's Sporting Goods Inc. (DKS) shares climbed 2.66% to $23.50 in early Tuesday trading.  Dick's Sporting Goods, a sporting goods retailer, together with its subsidiaries, offers sporting goods equipment, apparel and footwear for men, women and children...

Dick's Sporting Goods and GSI Commerce Inc., a leading provider of e-commerce and multichannel solutions, recently announced they have signed a new 15-year contract, extending their successful relationship.  Under the terms of the agreement, Dick's Sporting Goods will be the seller of merchandise through its e-commerce business beginning February 1, 2009, and GSI will continue to provide Dick's Sporting Goods with a full suite of services, including e-commerce technology, customer service, fulfillment, drop ship management, interactive marketing and e-mail marketing

Dick's Sporting Goods will concentrate on enhancing its customers' experience by better aligning their online assortment of merchandise with their stores.  New capabilities such as in-store pickup and in-store ordering will also be added, making the experience more convenient for customers.  Sales through dickssportinggoods.com have grown to more than 10 times the sales it experienced since the beginning of its relationship with GSI in 2001...”

Cabela's Inc. (CAB) shares rose 2.45% to $12.55 Tuesday morning.  Cabela's operates as a retailer and direct marketer of hunting, fishing, camping and related outdoor merchandise primarily in the United States and Canada

 

The company recently reported second-quarter results were in-line with consensus expectations.  Total revenue for the second quarter of 2008 increased 16.6% to $526.0 million compared to $451.2 million for the second quarter of 2007.  Net income for the second quarter of 2008 was $7.3 million, or 11 cents per diluted share, compared to $11.3 million, or 17 cents per diluted share, for the second quarter of 2007

 

The management also reiterated its full-year earnings-per-share (EPS) guidance of sales growth in the mid teens and EPS growth in the mid-single digits …”

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