10 Greatest Sporting Items Shares To Make investments In


In this article, we discuss the 10 best sporting goods stocks to invest in. You can skip our detailed analysis of these stocks and the current market situation and go straight The 5 Best Sporting Goods Stocks to Invest In

Although the COVID-19 pandemic continues to leave its mark on markets and businesses around the world, the sporting goods industry has managed to return to pre-COVID-19 growth levels amid difficult economic conditions. While the sporting goods industry shrank in size in 2020 and the market cap of large sports companies declined over the fiscal year, 2021 brought a much-needed recovery for the industry. Despite some uncertainties caused by new virus variants and tightened restrictions again, the tailwinds of 2021 are expected to continue. Overall, the global sporting goods market is expected to grow by 8 to 10% annually up to 2025, from 295 billion euros in 2021 to 395 billion euros in 2025, according to a study by management consultancy McKinsey.

The sporting goods market, which includes a variety of different product types such as athletic shoes, exercise equipment, sporting goods and athletic apparel, is a billion dollar industry. In the United States alone, sporting goods sales total approximately $45 billion per year, making them a major player in the industry, holding the lion’s share of the global market at more than 30%. As consumer trends change, the athletic apparel sector continues to outperform other apparel during the pandemic. According to a report, the global sportswear market generated revenue of around US$193 billion in 2021. These revenues are expected to continue growing and are expected to reach around $270 billion by 2028.

With the return of major sporting events and the rollout of vaccines, there has been a return of a sense of normality that will benefit the sporting goods industry over the next 12 months. While the changing trends experienced by the sporting goods industry in 2021 are likely to become even more prevalent in 2022, both risks and opportunities alike abound in this environment. The most successful companies will be those that can adapt to newer trends as they emerge. The same applies to investors who want to profit from the industry.

The story goes on

Given the changing market environment, investors would do well to choose their stocks carefully. To that end, it would also be prudent to select stocks that are known for their strong business fundamentals, resilience to inflation, room for growth and solid financial health. These stocks include Nike, Inc. (NYSE:NKE), DICK’S Sporting Goods, Inc. (NYSE:DKS) and Under Armor Inc. (NYSE:UA), among others, listed below.

Photo by Cristina Anne Costello on Unsplash

Our methodology

For this list, we’ve focused on sporting goods companies with solid business fundamentals and growth incentives. We have also considered company financials, recent quarterly results, as well as analysts and sentiment related to these stocks.

Hedge fund sentiment on each stock was derived from Insider Monkey’s database, which tracks 924 hedge funds as of the fourth quarter of 2021.

The best sporting goods stocks to invest in

10. Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

Number of hedge fund holders: 14

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is a California-based sports retailer, founded in 1955. The Company is engaged in the sale of sports, fitness, camping, hunting and home recreation products. Big 5 Sporting Goods Corporation (NASDAQ:BGFV), a notable player in the sporting goods space, has consistently increased its dividend yield for the past 16 years.

In fiscal 2021, the Big 5 Sporting Goods Corporation (NASDAQ:BGFV) had net sales in the United States of $1.16 billion, up from $1.04 billion in the prior year.

According to first-quarter 2022 results released on May 3, the Big 5 Sporting Goods Corporation (NASDAQ:BGFV) reported earnings per share of $0.41, beating estimates by $0.04. Additionally, the company’s revenue for the period was $241.98 million.

Among hedge funds tracked by Insider Monkey, 14 funds at Big 5 Sporting Goods Corporation (NASDAQ:BGFV) were bullish at the end of the fourth quarter of 2021, compared to 17 funds in the previous quarter. Alok Agrawal’s Bloom Tree Partners is the company’s majority shareholder with 568,068 shares worth $10.7 million.

Much like Nike, Inc. (NYSE:NKE), DICK’S Sporting Goods, Inc. (NYSE:DKS), and Under Armor Inc (NYSE:UA), the Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is a decent stock that Investors should pay attention to interest.

9. Clarus Corporation (NASDAQ:CLAR)

Number of hedge fund holders: 14

Clarus Corporation (NASDAQ:CLAR), a Utah-based company, is a leading designer, manufacturer and distributor of outdoor equipment and lifestyle products focused on the climbing, skiing, mountaineering and athletic markets. The Company’s portfolio of brands includes Black Diamond, Sierra, Barnes, PIEPS, SKINourishment and Rhino-Rack.

Based on the company’s earnings and forecast reports, Clarus Corporation (NASDAQ:CLAR) expects fiscal 2022 revenue to grow approximately 25% year over year to $470.0 million. By segment, the company forecasts outdoor revenue to increase to approximately $237.5 million, precision sports segment to approximately $112.5 million, and adventure segment revenue to approximately $120 million.

On May 11, DA Davidson analyst Linda Bolton Weiser lowered the price target of Clarus Corporation (NASDAQ:CLAR) from $42 to $31 while maintaining a Buy rating on the shares. According to the analyst, the company’s Q1 results were “solid,” with gross margin “up robustly” due to favorable mix, productivity and pricing power of the “super-fan” brand.

At the end of the fourth quarter of 2021, 14 hedge funds in Insider Monkey’s database held shares of $97.7 million in Clarus Corporation (NASDAQ:CLAR), compared to 16 funds in the previous quarter with shares of 83.56 million dollars.

8. Acushnet Holdings Corp. (NYSE:GOLF)

Number of hedge fund holders: 15

The parent company of leading golf ball manufacturer Titleist, Acushnet Holdings Corp. (NYSE: GOLF) is a Fairhaven-based company engaged in the design, development, manufacture and distribution of performance golf products in the United States. Europe, the Middle East, Africa, Japan, Korea and other countries.

Despite the company’s recent growth, its financial performance in the first quarter of fiscal 2022 was somewhat mixed. Although revenue rose 4.3% to $606.1 million from $580.9 million, Acushnet Holdings Corp. (NYSE:GOLF) reported a decrease in its net income. On the other hand, the company expects revenue to be between $2.175 billion and $2.225 billion, which translates to year-over-year revenue growth of 3.8% to 6.1%.

Earlier this April, Kevin Heenan, an analyst at JPMorgan, took over coverage of Acushnet Holdings Corp. (NYSE:GOLF) with a neutral rating and a price target of $45 versus $30. The analyst sees the outlook for golf in 2022 as balanced, with tailwinds from pricing, channel replenishment and product innovation being weighed against challenging comparisons and a broader economic reopening.

According to Insider Monkey’s database, Acushnet Holdings Corp. (NYSE:GOLF) spotted in 15 investment portfolios by the end of Q4 2021. The total investment by these funds in the company was approximately $37.55 million. As of December 31, DE Shaw is the largest shareholder of Acushnet Holdings Corp. (NYSE:GOLF) with shares worth $11.7 million.

7. MarineMax, Inc. (NYSE:HZO)

Number of hedge fund holders: 17

MarineMax, Inc. (NYSE:HZO) is a leader in the recreational boat and yacht retail market, a Florida-based company that sells new and used recreational boats, jet skis and watersports accessories, yachts and related marine products and services. as well as offers yacht brokerage and charter services.

For the first quarter of fiscal 2022, MarineMax, Inc. (NYSE:HZO) announced that its quarterly revenue was $610.11 million, up 16.63% year over year and expanding the market by more when surpassed $68.77 million. The company also reported earnings per share of $2.37, beating analyst estimates by $0.59.

On April 26, DA Davidson analyst Brandon Rolle began coverage on MarineMax, Inc. (NYSE:HZO) with a buy rating and a price target of $48. According to Rolle, the boating industry is in a much better position relative to other industries it covers as strong demand and a lean inventory environment allows MarineMax, Inc. (NYSE: HZO) to exceed investor expectations in both earnings and to beat on margins.

During the fourth quarter of 2021, 17 hedge funds in Insider Monkey’s database held shares of MarineMax, Inc. (NYSE:HZO) worth $92.37 million, up from $55.36 million in the previous quarter. Below that, Arrowstreet Capital said it owned 482,544 shares worth about $28.49 million in MarineMax, Inc. (NYSE:HZO).

6. Hibbett Sports, Inc. (NASDAQ:HIBB)

Number of hedge fund holders: 23

Hibbett Sports, Inc. (NASDAQ:HIBB), headquartered in Birmingham, Alabama, is a leading sports-inspired fashion retailer with nearly 1,100 Hibbett and City Gear specialty stores in 35 states across the United States. For the fiscal year ended January 29, 2022, Hibbett Sports, Inc. (NASDAQ:HIBB) had net sales of approximately $1.69 billion, a significant increase from the previous year.

Earlier this March, Hibbett Sports, Inc. (NASDAQ:HIBB) reported that its earnings per share for the fourth quarter of fiscal 2021 were valued at $1.25, beating analyst estimates by $0.03. Additionally, the company reportedly earned $383.35 million in revenue for the quarter.

Among the hedge funds tracked by Insider Monkey, 23 were bullish on Hibbett Sports, Inc. (NASDAQ:HIBB) at the end of the fourth quarter of 2021, with total positions worth $93.87 million. Millennium Management of Israel Englander is one of the company’s largest shareholders with 213,861 shares worth $15.38 million.

Along with Nike, Inc. (NYSE:NKE), DICK’S Sporting Goods, Inc. (NYSE:DKS) and Under Armor Inc (NYSE:UAA), Hibbett Sports, Inc. (NASDAQ:HIBB) is a notable stock in the sporting goods industry.

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Disclosure: None. The 10 best sporting goods stocks to invest in was originally published on Insider Monkey.