Discovery’s Fifth Ad Supported Channel in Europe, Dick’s Sporting Goods Great News
Spain will now receive a free-to-air channel of Discovery Communications Inc. (NASDAQ:DISCB), according to the Financial Times. This will be Discovery’s fifth advertising-supported channel in Europe. Company shares closed at $48.38, up $6.23, or 14.78% from the 52-week range of $32.05 to $47.26.
Having traded in a 52-week range of $29.10 to $42.97, Dick’s Sporting Goods, Inc. (NYSE:DKS) shares closed at $40.94, up $4.54, or 12.47%. The company announced a $200M buyback of its common stock from cash on hand over the next 12 months. Dick’s now expects a Q4 profit of $0.87-$0.88 and full-year $2.01 to $2.02, blaming warm winter weather. The company also lowers the high-end of Q4 and FY2011 EPS guidance by a penny.
Following its positive Q4 pre-announcement, RW Baird raised its price target on Tractor Supply Company (NASDAQ:TSCO) from $85 from $83. Increased traffic and comps, its small market opportunity, and current momentum were given by Tractor Supply as reasons. Having been traded in a 52-week range of $45.99 to $78.22, shares closed at $80.20, up $7.27, or 9.97%.
A positive presentation at the ICR Xchange conference in Miami is the reason given by Brean Murray analyst Eric Beder for Fossil, Inc. (NASDAQ:FOSL) shares taking a big upwards swing. Describing firsthand Fossil’s showing one of the few upbeat ones at the meeting of retailers, Baeder maintains that his firm remains an aggressive buyer of the stock. With a 52-week range of $66.05 to $134.98 shares, closed at $86.78, up $7.41, or 9.34%.