Services Sector Companies Announce New Licensing Agreements, Results, Celebration Offers and Sale of Asset-Backed Notes - Research Report on Netflix, Dick's, Hibbett Sports, RadioShack, and Cabela's
NEW YORK, August 29, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Netflix, Inc. (NASDAQ: NFLX), Dick's Sporting Goods Inc. (NYSE: DKS), Hibbett Sports, Inc. (NASDAQ: HIBB), RadioShack Corp. (NYSE: RSH), and Cabela's Inc. (NYSE: CAB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Netflix, Inc. Research Report
On August 20, 2013, Netflix, Inc. (Netflix) along with The Weinstein Company announced a new multi-year licensing agreement that will make Netflix the exclusive US subscription television service for first-run films from TWC beginning in 2016. According to Netflix, starting with its 2016 theatrically released feature films, new TWC and Dimension Films titles will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms, including televisions, tablets, mobile phones and computers. The Full Research Report on Netflix, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c1c4_NFLX]
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Dick's Sporting Goods Inc. Research Report
On August 20, 2013, Dick's Sporting Goods Inc. (Dick's) reported its financial results for Q2 FY 2013 (period ended August 3, 2013). Revenue increased 6.6% YoY to $1.5 billion. Net income was $84.2 million or $0.67 per diluted share, compared to net income of $53.7 million or $0.43 per diluted share in Q2 FY 2012. Commenting on the results, Chairman and CEO, Edward W. Stack said, "Our second quarter results were below our guidance as a sluggish consumer environment along with higher levels of precipitation and cooler temperatures contributed to a decrease in traffic, resulting in lower than expected same store sales. Despite these challenges in the second quarter, we were able to generate record non-GAAP earnings per share." The Full Research Report on Dick's Sporting Goods Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/17c8_DKS]
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Hibbett Sports, Inc. Research Report
On August 23, 2013, Hibbett Sports, Inc. (Hibbett Sports) reported its financial results for Q2 FY 2014 (period ended August 3, 2013). Revenue increased 12.6% YoY to $186.2 million. Net income was $10.5 million or $0.40 per diluted share, compared to net income of $7.9 million or $0.30 per diluted share in Q2 FY 2013. Commenting on the results, President and CEO, Jeff Rosenthal stated, "We delivered a solid increase in earnings for the second quarter. Comparable store sales were softer than planned due to a challenging economic environment; however, we are encouraged by a strong start to the third quarter. New store performance continues to be strong and we remain confident with the pace of new store openings." The Full Research Report on Hibbett Sports, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e36a_HIBB]
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RadioShack Corp. Research Report
On August 26, 2013, RadioShack Corp. (RadioShack) announced that in order to celebrate its new concept stores in and around Manhattan, the Company is introducing two custom, limited-edition New York City-inspired Beats by Dr. Dre Studio Over-Ear Headphones, available exclusively at RadioShack. The Company stated that Beats designed these customized headphones in tribute to two NYC icons: the Statue of Liberty and taxicabs. RadioShack further informed that customers can purchase the custom Beats only at the following NYC-area RadioShack concept store locations: 81st & Broadway: 781 Broadway, New York, NY 10003; Manhattan Mall: 100 W 33rd St, New York, NY 10001; and Southampton: 68 Main St, Southampton, NY 1196. The Full Research Report on RadioShack Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ef82_RSH]
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Cabela's Inc. Research Report
On August 19, 2013, Cabela's Inc. (Cabela's) announced that Cabela's Credit Card Master Note Trust has successfully completed the sale of $350 million of Asset-Backed Notes, Series 2013-II, which included the issuance of $100 million of Class A-1 Notes (accrues interest at a fixed rate of 2.17% p.a.) and $197.5 million of Class A-2 Notes (accrues interest at a floating rate equal to one-month LIBOR plus 0.65% p.a.). The Company also reported that the securitization transaction included the issuance of three subordinated classes of notes in the aggregate principal amount of $52.5 million. Cabela's stated that its wholly owned subsidiary, World's Foremost Bank, purchased each of the subordinated classes of notes and that each class of notes issued in the securitization transaction has an expected life of approximately five years, with a legal maturity of approximately eight years. According to Cabela's, the securitization transaction will help finance the growth of World's Foremost Bank's credit card portfolio. The Full Research Report on Cabela's Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8aa5_CAB]
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