Stock Groups

Which Retail Stock is a Better Buy? -Breaking

by Mike Robinson

[ad_1]

© Reuters. Sportsman’s Warehouse vs. Dick’s Sporting Goods: Which Retail Stock is a Better Buy?

This year, the sports goods market has seen strong sales due to the resumption in sport tournaments and other outdoor activities. Consequently, we think sporting goods retailers Dick’s Sporting Goods (DKS) and Sportsman’s Warehouse (SPWH) are well-positioned to profit handsomely in the coming months. Which stock is better to buy right now? Read more to find out.Dick’s Sporting Goods, Inc. (DKS) and Sportsman’s Warehouse Holdings, Inc. (SPWH) are two prominent retailers in the sporting goods industry. DKS, located in Coraopolis (Pa.), sells sporting gear, including apparel and hunting and fishing equipment. It also offers footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores, e-commerce websites, and GameChanger, a youth sports mobile app. It had 730 stores owned by the company as of May 1, 2021. SPWH is located in Midvale and offers an extensive range of products including clothing and footwear for hunting, shooting, fishing and boating. It also sells optics and electronics. In addition, the company’s stores provide archery technician services, fishing-reel line winding, gun bore sighting and scope mounting, cleaning services, and issuing hunting and fishing licenses. The company currently has 112 shops in 27 US states.

Because people focused on individual sports and home exercises, the sport goods sector was able to withstand the travel bans and social distance restrictions. Increased vaccination rates and removal of travel restrictions resulted this year in the rescheduling big sporting tournaments and other outdoor activities. In the first six months of 2018, both brick-and mortar and online retail sales saw huge increases. By 2027, the global market for sporting goods is projected to expand at a 3.2% annual rate and will reach $62.84 million. Both SPWH and DKS should reap the benefits.

But while SPWH’s stock has lost 28.5% in price over the past six months, DKS has surged 11.8%. DKS is a clear winner with 93.6% gains versus SPWH’s negative returns in terms of their year-to-date performance. What stock do you think is the best? Let’s find out.

Continue reading on StockNews

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]