Fitness financials: Brunswick hits 52-week low for second time in one week, plus Dick's - SNEWS

Fitness financials: Brunswick hits 52-week low for second time in one week, plus Dick's

Brunswick hit a 52-week low for the second time in one week, and Dick's Sporting Goods' CEO bought 46,000 shares.
Author:
Updated:
Original:

Brunswick hits 52-week low for second time in one week

Brunswick Corp.'s (NYSE: BC) stock slid to a new 52-week low for the second time in less than a week as a Goldman Sachs analyst cut his price target due to worries about fuel costs. The company's core boating sector has been hit as consumers curb their discretionary spending. Brunswick is also parent to fitness brands Life Fitness, Parabody and Hammer Strength.

"Brunswick's powerboats and marine engines are likely to continue to have difficulty attracting buyers that are already struggling with their homes and cars," analyst Chris Hussey wrote in a note to clients, but added that a drop in oil prices could lead to improved boat sales.

Hussey trimmed his price target to $17 from $18.60 and maintained a "Neutral" rating.

Shares of Brunswick fell $0.45, or 3.2 percent, to $13.70 on May 30. The stock hit a new low of $13.39 earlier in the session. The stock's previous 52-week low of $13.92 was set on May 28.



Dick's Sporting Goods CEO buys 46,000 shares


Edward Stack, CEO of Dick's Sporting Goods (NYSE: DKS), reported that he bought 46,000 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC, he bought the shares for $21.84 to $21.99 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.



For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related

Fitness financials: Dick's Sporting Goods shares hit 52-week low, plus Sport Chalet

Dick's Sporting Goods shares hit 52-week low Shares of Dick's Sporting Goods (NYSE: DKS) fell sharply on Nov. 11 as a weak retail environment made investors nervous, ultimately causing the company to hit a new 52-week low during the day's trading. Company shares shed as much ...read more

Fitness financials: Brunswick's shares hit fresh 52-week low, plus Costco, Sears

Brunswick's shares hit fresh 52-week low Brunswick's (NYSE: BC) stock slipped to a new 52-week low on May 28 as the economic downturn continues to weigh on the boating industry -- a core category for the company, which also owns Life Fitness, Parabody and Hammer Strength. ...read more

Outdoor financials: Dick's Sporting Goods shares hit 52-week low on Q1, plus Under Armour, Columbia Sportswear

Dick's Sporting Goods shares hit 52-week low on Q1 Dick's Sporting Goods (NYSE: DKS) said its fiscal first-quarter earnings fell 4 percent, as declining sales at established stores overshadowed gains from newly opened ones. For the quarter ended May 3, the company earned $20.8 ...read more

Fitness financials: Dick's Sporting Goods shares hit 52-week low on Q1, plus Hibbett, Under Armour, Life Time Fitness, Foot Locker, Health Fitness

Dick's Sporting Goods shares hit 52-week low on Q1 Dick's Sporting Goods (NYSE: DKS) said its fiscal first-quarter earnings fell 4 percent, as declining sales at established stores overshadowed gains from newly opened ones. For the quarter ended May 3, the company earned $20.8 ...read more

Fitness financials: Brunswick shares hit 17-year low on news of layoffs and closed plants, plus Dick's Sporting Goods, Gaiam, Finish Line

Brunswick shares hit 17-year low on news of layoffs, closed plants Brunswick Corp. (NYSE: BC) said it will cut at least 1,000 more jobs and close four plants as it tries to ride out an economic downturn that's stalled sales for its recreational products -- touching off a 17-year ...read more

Outdoor financials: Dick's Sporting Goods shares hit 52-week low, plus LaCrosse, Columbia Sportswear, Luxottica, Quiksilver

Dick's Sporting Goods shares hit 52-week low Shares of Dick's Sporting Goods (NYSE: DKS) hit a new 52-week low amid a difficult retail environment. Shares fell $0.32 to close at $18.05, after earlier trading to a new low of $17.84. The stock had traded between $18.33 and $36.77 ...read more

Fitness financials: Brunswick to lay off 1,450, close plants; stock hits 18-year low, plus Life Time Fitness

Brunswick to lay off 1,450, close plants; stock hits 18-year low Brunswick Corp. (NYSE: BC) said it would speed the closures of four boat-making plants and suspend other production amid the "extraordinary developments" in global financial markets and the approach of the marine ...read more

Fitness financials: Brunswick shares hit new multi-year low, plus GSI Commerce

Brunswick shares hit new multi-year low Shares of Brunswick Corp. (NYSE: BC) dropped to a new low on June 13 as an analyst trimmed his targets on the company's shares due to broader economic concerns. The company's core business is in boating, but it also owns Life Fitness, ...read more

Fitness financials: Brunswick hits 25-year low after Moody's downgrade, plus Winmark, Iconix, Finish Line, Nike

Brunswick hits 25-year low after Moody's downgrade Shares of Brunswick Corp. (NYSE: BC) sank to a 25-year intraday low on Oct. 20 after Moody's Investor Services cut the manufacturer's debt ratings to junk status. In addition to its boat portfolio, the company also owns equipment ...read more