Hibbett Sports Is Crushing It
My family portfolio is filled with retailers. We own Carvana (NYSE: CVNA), Farfetch (NYSE: FTCH), Sea Limited (NYSE: SE), and Amazon. Obviously my strong bias is toward internet retailers. In 2020, we're seeing a huge wave of retail businesses trying to shift to the virtual world. This has been happening for decades, but because of the coronavirus pandemic the trend has really accelerated. That's why Shopify is killing it right now. And what about the brick-and-mortar retailing stocks that are making this transition?
Hibbett Sports (NASDAQ: HIBB) is a 75-year-old retailer that sells sports equipment and clothes, mostly Nike's products. Based in the South, the company has over 1,000 stores all across the U.S. Most of the stores are in small towns, in strip malls. The company's market cap is tiny, $620 million. It has slight profit margins and pays no dividend. Why would a high-growth investor bother taking a look at Hibbett Sports?
Image source: Hibbett Sports.
Source Fool.com
