Sportsdirect Share Price (SPD)

The company said that sales rose by 14.3pc to £317.4m while gross profits rose 22.7pc to £129m in the nine weeks to March 31. Dave Forsey, chief executive, said Sports Direct has demonstrated the “resilience of our business model”. Sports Direct is benefiting from the demise of JJB Sports, which collapsed last year, but also its diversification outside of sportswear, and growing internet business. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10014827/Sports-Direct-sales-surge-despite-high-street-gloom.html

Sports Direct International (LON: SPD)‘s stock had its “buy” rating restated by analysts at Bank of America Merrill Lynch in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 500 ($7.62) price target on the stock. SPD has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Sports Direct International in a research note to investors on Friday. They now have a GBX 510 ($7.77) price target on the stock. Separately, analysts at Cantor Fitzgerald downgraded shares of Sports Direct International to a “hold” rating in a research note to investors on Friday, April 12th. They now have a GBX 439.93 ($6.70) price target on the stock, down previously from GBX 459.93 ($7.01). Finally, analysts at Seymour Pierce downgraded shares of Sports Direct International to a “hold” rating in a research note to investors on Friday, April 12th.

Tue, 23rd Apr 2013 06:45 According to The Independent, High Street rivals Sports Direct and JD Sports Fashion thought to be considering bids for Manchester-based Americana, the owner of the Bench clothing brand. Offers could come in at up to 100m pounds.

Sports Direct International logoSports Direct International (LON: SPD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Friday, Stock Ratings Network reports. They currently have a GBX 510 ($7.82) target price on the stock. http://www.dailypolitical.com/finance/stock-market/sports-direct-international-receives-buy-rating-from-oriel-securities-ltd-spd.htm

Out this afternoon: The Company was notified on 9 April 2013 that Odey Asset Management LLP holds an interest in 43,446,731 shares of the Company with voting rights plus 3,994,250 CFD, which represents 8.02% of the issued ordinary share capital of the Company with voting rights. All fund holdings are less than 3.00%

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