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With the football season kicking off, the sports industry once again is experiencing one of its major perennial gains. As big as football has become, it is still just one piece of the overall sports pie.
The athletic and sporting goods industry amassed $9 billion in domestic U.S. revenue in 2013, according to IBISWorld. In addition, it employed 25,281 people and accounts for 1,053 business in the U.S. last year, not including professional sports teams.
All sports are experiencing record growth. For example, in March 2012 the Los Angeles Dodgers baseball team sold for $2.15 billion, shattering the previous record of $1.1 billion paid for a professional sports franchise. Just last month, the Los Angeles Clippers basketball franchise sold for $2 billion, a far cry from the $12.5 million it sold for in 1981. Forbes recently named Spanish soccer club Real Madrid the world's most valuable sports team and valued it at $3.44 billion. With every massive sports deal, purchase or contract, everybody in the industry benefits.
We categorize the sports industry into four different segments: apparel and footwear, content distributors, equipment and facilities and warehouses. Apparel and footwear is the largest segment of the four, with the top four companies, including Nike (NKE) , comprising an estimated 12% of total industry revenue, IBISWorld said.
Because of the nature of sports, the performance of the industry tends fluctuate seasonally. Naturally, the most profitable times of the year in the U.S. come immediately before the four major sports and other popular sports seasons begin.
Sports business analysts such as ESPN's Darren Rovell expect the industry to experience moderate domestic growth in the future, due mostly to an increase in overall health consciousness and an increase in participation in sporting activities involving the general public.
What follows are 25 of some of the biggest publicly traded sports-related stocks, ranked by our own proprietary quantitative ranking system at TheStreetRatings.com, which are worth taking to the checkout line. Note that these ratings can change at any time. If you would like access to real-time ratings of these stocks, you can subscribe to TheStreet Quant Ratings.
21. Black Diamond (BDE)
Segment: Equipment & Facilities
Black Diamond, together with its subsidiaries, designs, manufactures and markets outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing, cycling and other outdoor recreation activities in the U.S. and internationally.
It provides climbing products, which include belay/rappel devices, bouldering products, carabiners and quickdraws, chalk, chalk bags, climbing packs, crampons, crash pads, harnesses, ice axes, ice and rock protection devices and various other climbing accessories; and skiing products comprising backpacks, winter packs for skiing and snowboarding, bindings, boots, poles, skis, skins, snow gloves, snow packs and snow safety devices.
The company also offers helmets for skiing, mountain and road cycling; body armors; goggles for skiing and mountain biking; eyewear; and skis, ski poles, ski bindings, ski boots, ski skins and ski safety products, including avalanche transceivers, shovels and probes. In addition, it provides rock-climbing equipment, such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; and technical backpacks and high-end day packs, travel luggage, lifestyle packs, tents, trekking poles, headlamps and lanterns, gaiters, and gloves and mittens.
The company sells its products under the Black Diamond, Gregory, POC and PIEPS brands to mountain climbers, winter outdoor enthusiasts, backpackers and campers, cyclists, ski racers, top endurance trail runners and outdoor-inspired consumers. It offers its products through independent and specialty stores and other retail locations, as well as online at blackdiamondequipment.com, gregorypacks.com and pocsports.com.
Black Diamond, Inc. is headquartered in Salt Lake City, Utah.
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TheStreet Ratings team rates BLACK DIAMOND INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLACK DIAMOND INC (BDE) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
You can view the full analysis from the report here: BDE Ratings Report