Did you know that around 55% of Americans own stocks? If you are new to the stock world and are looking at investing some money in sporting goods stocks, you are in the right place. We have put together this guide to share which sports related stocks you want to keep an eye on.
Keep reading to learn the top sports company stocks in the article below.
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1. Dick’s Sporting Goods Stocks
This stock is definitely a stock you want to keep an eye on because it blew past its earning expectations in the summer of 2020. Dick’s saw an increase in their online sales by 200%.
2. Callaway Golf
This is one of the top golf stocks to buy at the moment. Callaway reported record sales in the last few months of 2020. In the winter of 2020, Callaway Golf company said that it was recovering from the pandemic’s impact a lot better than expected.
3. Under Armour, Inc
This manufacturer used the time during the pandemic to reinvent itself. Over the last nine months, they had strong quarterly results posted. The demand for athletic wear went up during the COVID-19 crisis which helped Under Armour because their e-commerce store was thriving.
This company also used platforms like YouTube to build more brand awareness and this also helped drive their sales up.
4. Hibbett Sports
Certain sporting goods like bicycles became more popular during the pandemic because of the shift in individual sports vs team sports. Hibbett Sport, Inc. reported that their inventories were down almost 30% last year because of the high demand for their bicycles.
5. Nike, Inc
With their witty marketing, it should come as no surprise that you might want to invest in Nike stocks. They are also one of the largest sportswear firms in the entire world. To give you an idea of why you might want this stock in your portfolio – during the height of the pandemic (June-August 2020), they saw an 82% increase in digital sales.
6. Johnson Outdoors
The shares for this company have gone up more than 29% since the beginning of 2021. In the last five years, they have seen their stock price go up almost 600% and it does not show signs of slowing down. They have some of the best outdoor equipment, making them a smart stock choice.
The demand in the RV industry has also made this stock a smart investment because they also offer camping equipment and gear.
7. Deckers Outdoor Corporation
This is another company you want to look into. They offer footwear and accessories to enjoy outdoor sports more comfortably. Deckers is also very much in the swing of adapting to e-commerce sales, which has helped increase their revenue the past year.
Which Sporting Goods Stocks Will You Invest In?
We hope that now that you have our top list of sporting goods stocks to keep an eye on, you can make an informed decision before you invest your hard-earned money.
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