SIGNA Sports United downgraded by Citigroup with a new price target
$SSU
Other Specialty Stores
Consumer Discretionary
Citigroup downgraded SIGNA Sports United from Neutral to Sell and set a new price target of $1.90 from $3.90 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/10/2023 | $3.90 → $1.90 | Neutral → Sell | Citigroup |
| 2/13/2023 | $8.00 → $4.00 | Buy → Hold | Jefferies |
| 12/13/2022 | $6.20 | Neutral | Citigroup |
| 1/13/2022 | $11.00 | Buy | Jefferies |
15-12G - SIGNA Sports United N.V. (0001869858) (Filer)
EFFECT - SIGNA Sports United N.V. (0001869858) (Filer)
6-K - SIGNA Sports United N.V. (0001869858) (Filer)
Tennis-Point GmbH, one of the major subsidiaries of SIGNA Sports United N.V, has filed for insolvency Other legal entities of the SIGNA Sports Group, including SIGNA Sports United N.V. as ultimate parent company of the SIGNA Sports United Group, are in the course of preparing the initiation of insolvency proceedings in the coming days Following the termination of the binding, unconditional equity commitment letter by SIGNA Holding GmbH on October 16, 2023 and the lack of funds to cover the operational financing needs of the SIGNA Sports United entities resulting therefrom, Tennis-Point GmbH, one of the major subsidiaries of SIGNA Sports United N.V., a specialist e-commerce company w
SIGNA Holding today informed SSU of the termination of the unconditional EUR150 million Equity Commitment Letter The availability of funds under the unconditional Equity Commitment Letter from SIGNA Holding GmbH constituted the basis of Management's going concern and liquidity assumptions and thus the Company will evaluate appropriate measures The Company believes the termination of the unconditional Equity Commitment Letter by SIGNA Holding GmbH is unjustified The Company will take appropriate legal steps in the interests of all its shareholders creditors, and employees SIGNA Sports United N.V. ("SSU" or the "Company"), a specialist sports e-commerce company with businesses in
Subdued demand and market overstock continue to severely adversely impact the Company's financial results and liquidity Key restructuring measures include the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets In connection with the strategic realignment the Company will delist its shares from the NYSE and terminate its SEC reporting requirements The role of the current CEO of Internetstores, Torsten Waack van Wasen, will be expanded to join the management team as Chief Performance Officer (CPO) of the Group. SIGNA Sports United N.V. ("SSU" or the "Company"), a specia
Citigroup downgraded SIGNA Sports United from Neutral to Sell and set a new price target of $1.90 from $3.90 previously
Jefferies downgraded SIGNA Sports United from Buy to Hold and set a new price target of $4.00 from $8.00 previously
Citigroup initiated coverage of SIGNA Sports United with a rating of Neutral and set a new price target of $6.20
Subdued demand and market overstock continue to severely adversely impact the Company's financial results and liquidity Key restructuring measures include the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets In connection with the strategic realignment the Company will delist its shares from the NYSE and terminate its SEC reporting requirements The role of the current CEO of Internetstores, Torsten Waack van Wasen, will be expanded to join the management team as Chief Performance Officer (CPO) of the Group. SIGNA Sports United N.V. ("SSU" or the "Company"), a specia
SIGNA Sports United N.V. ("SSU" or the "Company"), a NYSE-listed specialist sports e-commerce company with businesses in bike, tennis, outdoor, and teamsports, today announced the appointment of Mr. Anthonie Anbeek to its Board of Directors, effective April 1, 2024. Mr. Anbeek, an experienced Consumer products and Bicycle industry executive, most recently as CEO of leading bicycle manufacturer Accell Group is expected to bring a wealth of leadership and strategic insights to support SSU's growth strategy. During his successful tenure at Accell Group, Mr. Anbeek navigated the company through a critical phase of growth transforming Accell Group into Europe's market leader in e-bikes. In a
SIGNA Sports United, the world's leading e-commerce and technology platform, today announced the appointment of Hap Seliga, a renowned founder, executive and advisor in the cycling industry, as head of its North American bike operations, as the firm pivots to growth in the US bike market. SIGNA Sports United's recent listing on the NYSE and acquisition of Wiggle CRC, creating the largest online bike retailer in the world, positions the firm well to take advantage of US market opportunities as the sports ecommerce industry experiences explosive growth. Seliga has enjoyed a long and impressive history as a leader in the cycling community in the United States achieved largely through a diffe