S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
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Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support

4 Sporting Goods Companies With Strong Price Movements

4 Sporting Goods Companies With Strong Price MovementsAmericans’ enjoyment of the great outdoors was obvious during the pandemic, with stocks of companies like Pool Corp NASDAQ: POOL,  MarineMax NYSE: HZOAcademy Sports & Outdoor NASDAQ: ASO and Big Five Sporting Goods NASDAQ: BGFV notching price gains and growing their earnings. 

Companies in the business of sporting goods and other outdoor leisure activities look poised to continue their growth this year

Pool Corp operates 398 pool equipment and supply stores in North and South America, and Europe, with more locations in the works. 

The stock gapped up 2.21% on April 22, following its last earnings report, which trounced estimates on the top- and bottom lines. Shares are up 21.02% over the past three months, and are trading near $427, just off Monday’s all-time high of $431.47. 

One potential headwind is a looming shortage of chlorine tablets for pools, due to a fire in a Louisiana facility that produces the tablets, as well as a pandemic-closure-driven shortage of plastic buckets to hold the tablets. 

The company addressed this challenge by saying it would have to raise prices. Analysts expect a 47% year-over-year earnings increase for 2021.  
4 Sporting Goods Companies With Strong Price Movements

Marine Max operates 77 retail stores in 21 states, selling new and used recreational boats, fishing boats and yachts. On Monday, the company said it acquired KCS International, known as Cruiser Yachts.

The deal allows Cruisers to more than double its capacity over time, and ensures that MarineMax will have a premium, American-built yacht as part of its product line. 

The stock gapped up 5.83% on April 26 after the company’s quarterly report, which topped both earnings and revenue estimates. 

The stock has been forming a cup-shaped base since March 22, when it pulled back from a session high of $63.99. As of now, that’s the buy point, but it’s possible the cup could form a handle, which could offer a lower buy point. 
4 Sporting Goods Companies With Strong Price Movements

Academy Sports & Outdoor is a newly public company, having made its debut in September, just in time to run up along with the broader market, and to benefit from the continued interest in sports and outdoor activities.


The Texas-based company operates 295 stores in 16 states, mainly in the south. The company is aggressively planning for expansion. Analysts expect continued profitability, despite that goal, but earnings are expected to decline by 32% this year, to $2.87 per share. It’s perfectly normal to see a decline in earnings, or even a loss, as companies put their money into expansion, instead of focusing on profitability. 

The stock is currently consolidating below its April 6 high of $33.74. It’s holding above its 50-day moving average. Notably, the stock does not yet have a 200-day trading history, so there is not yet a 200-day line as a gauge of institutional support. 

Academy boasts a year-to-date price gain of 50.41%. 

The stock is a small cap, so it trades in a somewhat volatile fashion, not unusual for a young, small stock. 
4 Sporting Goods Companies With Strong Price Movements

Big 5 Sporting Goods operates 430 athletic apparel, exercise equipment and outdoor gear stores in 11 states. 

This is a very small company, with a market cap of just $409 million, which means investors and traders must be cognizant of liquidity concerns. A stock this small is not widely held by institutional investors, who generally have more rigorous trading rules than retail investors. That lack of institutional ownership can result in volatility and wide intraday price swings. 

In fact, this stock does have a beta of 1.79, indicating a relatively high degree of volatility. 

The company reported first quarter results after the close on Tuesday. Same-store sales increased 31.8% in the quarter, contributing to sales of $272.8 million, up from $217.7 million a year ago. 

Earnings came in at $0.96 per share, up from a loss of $0.22 per share a year ago, the first quarter that was impacted by pandemic lockdowns. 

The company noted it’s carrying zero debt, and that it increased its quarterly cash dividend to by 20% to $0.18 per share, and declared a special cash dividend of $1.00 per share. 

The stock has been trading at its best levels since 2016, trending above its 10-day moving average. 

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Should you invest $1,000 in Academy Sports and Outdoors right now?

Before you consider Academy Sports and Outdoors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Academy Sports and Outdoors wasn't on the list.

While Academy Sports and Outdoors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Academy Sports and Outdoors (ASO)
1.8697 of 5 stars
$74.72+1.5%0.48%11.53Moderate Buy$67.72
Pool (POOL)
4.0304 of 5 stars
$398.12+1.3%1.11%29.89Hold$385.00
MarineMax (HZO)
3.8622 of 5 stars
$33.14+1.8%N/A8.20Moderate Buy$39.60
Big 5 Sporting Goods (BGFV)
1.1042 of 5 stars
$4.80+0.5%10.42%-14.55Hold$9.50
Compare These Stocks  Add These Stocks to My Watchlist 

Kate Stalter

About Kate Stalter

  • stalterkate@gmail.com

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Experience

Kate Stalter has been a contributing writer for MarketBeat since 2021.

Additional Experience

Series 65-licensed investment advisor, financial advisor, Blue Marlin Advisors; investment columnist for Forbes, U.S. News & World Report

Areas of Expertise

Asset allocation, technical and fundamental analysis, retirement strategies, income generation, risk management, sector and industry analysis

Education

Bachelor of Arts, Saint Mary’s College, Notre Dame, Indiana; Master of Business Adminstration, Kellogg School of Management at Northwestern University

Past Experience

Founder, financial advisor for Better Money Decisions; editor, stock trading instructor for Investor’s Business Daily; columnist, podcast host, video host for MoneyShow.com; contributor for Morningstar magazine


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