7 sports stocks to explore as the Olympic spirit lives on

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7 sports stocks to explore as the Olympic spirit lives on

 7 sports stocks to explore as the Olympic spirit lives on
Image source: Adam Vilimek, Shutterstock

Highlights

  • Nike, Inc. (NYSE: NKE) has a P/E ratio of 47.98. It gave a 21.36% return YTD.
  • Dick's Sporting Goods Inc’s (NYSE: DKS) dividend yield is 1.34%. The stock gave around 93% return YTD.
  • Vista Outdoor Inc. (NYSE: VSTO) has a market capitalization of US$2.48 billion. The stock grew 81.06% YTD.

Sports stocks have seen some activity this month, majorly due to the Olympic games in Japan. Although there was a looming virus risk, the event concluded with pomp and glory and no untoward incidents.

The team USA concluded the event with 39 gold and 113 overall medals, a tad less than the Rio Olympics when they bagged 46 gold and 121 medals overall.

Here we discuss seven sports stocks that are well-known names in the sports industry.

Manchester United Ltd. (NYSE: MANU) owns and operates one of the world’s well-known football clubs, the Manchester United Football Club, based in the UK. It also runs various other related ancillary club activities.

Its market capitalization is US$2.77 billion. The current dividend yield is 1.09%, and annualized dividend is US$0.18.

7 Sports stocks to explore as the Olympic spirit lives on

The revenue for the third quarter ended March 31, was £118.3 million compared to £123.7 million in the same quarter the previous year. The net loss for the quarter was £18.11 million compared to £22.85 million in the Q3 of 2020.

Its adjusted EBITDA was £14.37 million compared to £27.96 million in the year-ago period.

The stock grew 1.61% YTD and closed at US$16.9 on Aug 12, 2021.

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Source – pixabay

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Nike, Inc. (NYSE: NKE) designs, develops and markets footwear, athletic apparel, equipment, and accessories. The major categories of the product are running, training, basketball, soccer, sportswear, and Jordan.

Its market capitalization is US$270 billion, and its P/E ratio is 47.98. The current dividend yield is 0.64% and the annualized dividend is US$1.10.

The revenue for the fiscal year ended May 31, 2021, was US$44.54 billion compared to US$37.40 billion in FY 2020. The net income was US$5.73 billion or US$3.56 per share diluted compared to US$2.54 billion or US$1.60 per share diluted in the FY 2020.

NIKE stock gave a 21.36% return YTD and closed at US$ 170.64 on Aug 12, 2021.

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Dick's Sporting Goods Inc (NYSE: DKS) sells footwear, athletic apparel, and equipment for sports. Dick's operates about 730 stores and an e-commerce site, including Team Sports HQ.

The market cap for the company is US$ 9.7 billion and the P/E ratio is 10.29. Its current dividend yield is 1.34% and its annualized dividend is US$1.45.

Dick’s will release second quarter on Aug 25.

The sales in the quarter ended May 1, 2021, were US$2.92 billion compared to US$1.33 billion in the same period the previous year. The net income was US$361.76 million or US$3.41 per share diluted compared to the net loss of US$143.4 billion or US$1.71 per share diluted.

DKS closed at US$109.48 on Aug 12, 2021. It gave around 93.95% return YTD.

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Under Armour, Inc. (NYSE: UAA) is another big name engaged in developing and selling athletic apparel, footwear, and accessories. It sells through direct-to-consumer channels and wholesale, including e-commerce, and with over 400 factory house and brand house stores.

The market cap of the company is US$11.89 billion and has a P/E ratio of 32.14.

The revenue for the June quarter was US$1.35 billion compared to US$ 707.6 million in the prior year’s June quarter. The income was US$59.2 million or US$0.13 per share diluted compared to the net loss of US$182.9 million or US$0.40 per share diluted in the June quarter of 2020.

The UAA stock price rose 48.05% YTD and closed at US$25.77 on Aug 12, 2021.

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Vista Outdoor Inc. (NYSE: VSTO) is engaged in designing and manufacturing outdoor sports and recreation products. Its two operating segments are Shooting sports and Outdoor products.

Its market capitalization is US$2.48 billion and its P/E ratio is 7.89.

The revenue for the quarter ended June 27, 2021, was US$662.9 million compared to US$479.1 million in the same quarter of 2020. The net income was US$102.7 million or US$1.71 per share diluted compared to US$40.48 million or US$0.69 per share diluted in the corresponding quarter previous year.

Vista stock price grew 81.06% YTD and closed at US$44.76 on Aug 12, 2021.

Source – pixabay

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Skechers U.S.A., Inc. (NYSE: SKX) is a footwear manufacturing company. Skechers offers various styles of women's shoes, girl's shoes, men's shoes, boy's shoes, performance shoes, and work shoes.

The company has a market capitalization of US$8.28 billion and a P/E ratio of 23.5.

The revenue for the June quarter of 2021 was US$1.65 billion compared to US$729.5 billion. The net income was US$161.82 million or US$0.88 per share diluted compared to the net loss of US$68.1 million or US$0.44 per share diluted in the June quarter of 2020.

Its stock price increased 48.39% YTD and closed at US$53.7 on Aug 12, 2021.

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World Wrestling Entertainment, Inc. (NYSE: WWE) develops and produces television programming, live wrestling events, and pay-per-view programming.

Its market cap is US$3.8 billion, and its P/E ratio is 31.84. The current dividend yield is 0.95% and annualized dividend is US$0.48.

For the June quarter, its revenue was US$265.5 million compared to US$223.4 million in the prior year’s corresponding quarter. The net income was US$29.2 million or US$0.34 per diluted share compared to US$43.79 million or US$0.52 per diluted share in the year-ago period.

It closed at US$50.47 on Aug 12, 2021. The stock gave a 4.60% return YTD.

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Bottomline

Sports stocks have seen modest growth in recent times, especially when people are conscious about their health. The pandemic has pushed many people to outdoor activities to keep themselves fit amid the pandemic. Moreover, with the ebbing of the virus risk, the fitness trend is likely to continue besides the sports activities. As such, it is likely to open up more opportunities for sports goods companies.

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