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Sports Direct International : to close stores in Evans Cycles rescue

Sales 2019 3 595 M
EBIT 2019 172 M
Net income 2019 131 M
Debt 2019 396 M
Yield 2019
P/E ratio 2019 14,25
P/E ratio 2020 12,75
EV / Sales 2019 0,60x
EV / Sales 2020 0,59x
Capitalization 1 753 M
Chart SPORTS DIRECT INTERNATIONAL
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Technical analysis trends SPORTS DIRECT INTERNATIONA

Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price3,65  GBP
Spread / Average Target12%
1st jan.Capitalization (M$)
SPORTS DIRECT INTERNATIONAL-13.42%2 216
LUXOTTICA GROUP8.54%29 601
ULTA BEAUTY22.74%16 344
TRACTOR SUPPLY COMPANY22.93%10 676
15.01%9 351
MARKS & SPENCER GROUP-5.97%6 034

Sports Direct International : to close stores in Evans Cycles rescue

LONDON (Reuters) – Sports Direct, the sportswear group controlled by retail tycoon Mike Ashley, has added to an already lengthy list of UK investments by snapping up specialist cycling retailer Evans Cycles.

Sports Direct purchased Evans Cycles for an undisclosed sum immediately after parent FW Evans Cycles (UK) Limited went into administration. Ashley warned he would only keep half of the chain’s 62 stores open.

The 97-year-old business employs around 1,300 staff.

Administrators PwC said Evans had been the victim of a “liquidity crunch” which reflected losses, capital expenditure requirements and tightening credit.

In August Sports Direct bought department store group House of Fraser for 90 million pounds, while earlier this month it spent 95 million pounds buying the freehold of the Frasers store in Glasgow.

It also owns a raft of stakes in other UK retailers, including nearly 30 percent of Debenhams.

Shares in Sports Direct, down 20 percent over the last year, closed up 1.3 percent.

(Reporting by James Davey, Editing by Paul Sandle)

Stocks mentioned in the article

ChangeLast1st jan.
DEBENHAMS PLC -3.36% 8.595 -74.33%
SPORTS DIRECT INTERNATIONAL 2.02% 333.1 -13.42%
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