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Super Retail Group Ltd shares down despite rosy outlook

Shares in specialty retailer Super Retail Group Ltd (ASX: SUL) were down again today to $6.70 at the time of writing after an announcement the company has completed the acquisition process for hiking goods retailer Macpac Holdings Pty Limited.

Shares in Super Retail have been smashed in the last 12-months, beaten down 32% from a $9.90 share price at this time last year to $6.70 today with the worst slides occurring in the 2018 calendar year so far.

But it remains to be seen why investors are not rallying behind the auto, leisure and sports retailer, which appears to have good capital growth opportunities, fund managers accumulating stocks on its registry and a high dividend yield of around 7%.

Fellow retail stocks seem to be struggling today too, with electronics retailer JB Hi-Fi Limited (ASX: JBH) also down 0.6% to $25.83 and sector stand-out and Smiggle parent company Premier Investments Ltd (ASX: PMV) dropping 0.2% to $16.06.

The Macpac acquisition is expected to bring significant opportunity to Super Retail’s portfolio and Macpac will operate from today as a vertically-integrated retailer with 54 stores across Australia and New Zealand.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia owns shares of Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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