NEW YORK, February 21, 2017 /PRNewswire/ --
The Sporting Goods industry took a beating over the past year, with retailers suffering from the deep discounting that prevailed throughout much of the retail industry during holiday 2016. According to a blog post on NPD.com by Matt Powell, VP and industry analyst of the sporting goods sector at NPD Group, retailers should expect more store closures in 2017 if they continue to double down on poor imitations of activewear and trot out more apparel and accessories with logos on them despite consumers' disinterest. Pre-market, Stock-Callers.com has initiated coverage on: Callaway Golf Co. (NYSE: ELY), Vista Outdoor Inc. (NYSE: VSTO), Nautilus Inc. (NYSE: NLS), and Sportsman's Warehouse Holdings Inc. (NASDAQ: SPWH). Learn more about these stocks by accessing their free research reports at:
Shares in Carlsbad, California-based Callaway Golf Co. ended Friday's session 0.29% higher at $10.35. A total volume of 1.68 million shares was traded, which was above their three months average volume of 828,360 shares. The stock is trading 5.21% below its 200-day moving average. Moreover, shares of Callaway Golf, which together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories, have a Relative Strength Index (RSI) of 38.45.
On February 06th, 2017, Callaway Golf declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on March 20th, 2017, to shareholders of record at the close of business on February 27th, 2017.
On February 07th, 2017, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $14 a share to $13 a share. Free research report on ELY is available at:
Farmington, Utah headquartered Vista Outdoor Inc.'s shares saw a slight drop of 0.95%, closing the day at $20.89 with a total trading volume of 1.11 million shares. The stock is trading 34.94% below its 50-day moving average. Shares of the Company, which designs, manufactures, and markets consumer products for the outdoor sports and recreation markets worldwide, have an RSI of 23.71.
On February 09th, 2017, Vista Outdoor reported sales of $654 million for Q3 FY17, up 10% on a y-o-y basis. The Company's gross profit was $169 million, relatively flat on a y-o-y basis. Vista's fully diluted earnings per share (EPS) was $(6.44) for Q3 FY17 compared to $0.70 in Q3 FY16. The Company's adjusted EPS was $0.62 in Q3 FY17 compared to $0.70 in Q3 FY16. Vista reported cash flow provided by operating activities of $58 million in Q3 FY17 compared to $71 million in Q3 FY16. The complimentary research report on VSTO can be downloaded at:
Last Friday, shares in Vancouver, Washington headquartered Nautilus Inc. gained 2.96%, closing the session at $17.40. The stock recorded a trading volume of 431,121 shares. The Company's shares have advanced 7.08% in the last one month. The stock is trading 1.12% below its 50-day moving average. Furthermore, shares of Nautilus, which designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the US, Canada, and internationally, have an RSI of 52.78.
On February 08th 2017, Nautilus announced that it received the prestigious ISPO Award for the Bowflex® SelectTech® 560 dumbbells. Recognized for their innovation and cutting-edge design, the groundbreaking Bowflex SelectTech 560 dumbbells received the highest honor with a Product of the Year Award in the Health & Fitness category. Visit us today and access our complete research report on NLS at:
Midvale, Utah headquartered Sportsman's Warehouse Holdings Inc.'s stock finished the session 1.15% higher at $5.26. A total volume of 929,804 shares was traded, which was above their three months average volume of 569,530 shares. The Company's shares are trading below their 50-day moving average by 36.59. Additionally, shares of Sportsman's Warehouse Holdings, which together with its subsidiaries, operates as an outdoor sporting goods retailer in the US, have an RSI of 18.92.
On February 15th, 2017, Sportsman's Warehouse announced that it is expanding its operations to include a new retail location in Cedar City, Utah. The store will be the ninth Sportsman's Warehouse location in the state of Utah and will be located in Cedar City at 889 South Main Street. With the opening of this store, Sportsman's Warehouse now operates 76 retail locations in 20 states across the country. Get free access to your research report on SPWH at:
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