2 sporty ASX shares for investors on AFL grand final weekend

Check out these sporty ASX shares…

| More on:
stadium signifying brisbane broncos share price

Image source: Getty Images

If you’re a sports fan, then this weekend is going to be a fun one for you.

In Brisbane the NRL preliminary finals are taking place, and across the country in Perth the Bulldogs and Demons will battle it out in the AFL grand final.

With that in mind, I thought I would pick out a couple of sporty ASX shares that might be of interest. They are as follows:

Accent Group Ltd (ASX: AX1)

If you’re sporty or into fitness, there’s a very good chance you’ve supported Accent’s solid growth over the last few years.

Accent is the footwear focused retail group behind a number of popular store brands. These include The Athlete’s Foot, Hype DC, Sneaker Lab, Platypus, and Stylerunner.

The popularity of these store brands was there for all to see in FY 2021. Thanks to their strong market positions, Accent was able to capture increased consumer demand. This helped drive a 19.9% increase in sales to $1.14 billion.

And thanks to margin expansion, the company reported an impressive 38.6% jump in net profit after tax to $76.9 million.

The team at Bell Potter are positive on its long term growth outlook. So much so, the broker has a buy rating and $2.90 price target on its shares.

Catapult Group International Ltd (ASX: CAT)

Another sporty ASX share to look at is Catapult. It is a global sports analytics company that provides elite sporting organisations and athletes with real time data and analytics to monitor and measure athletes.

Its products are used by many of the biggest sports teams and organisations across the world. This includes league wide deals with the AFL and NRL.

Catapult bounced back from the pandemic and was on form in FY 2021, reporting 35% growth in its key annualised contract revenue (ACV) metric.

This went down well with the team at Morgans. They have put an add rating and $2.45 price target on its shares.

Should you invest $1,000 in Catapult right now?

Before you consider Catapult, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Catapult wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Catapult Group International Ltd. The Motley Fool Australia owns shares of and has recommended Catapult Group International Ltd. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

A hand hovers over a laptopn sparkling with tech symbols, indicating ASX technology shares
Growth Shares

2 beaten down ASX tech shares analysts say have major upside potential

These beaten down tech shares could be buys according to analysts...

Read more »

A woman sits at her computer with hand to mouth and a contemplative smile on her face although she is considering or thinking about information she is seeing on the screen.
Growth Shares

Why I think the EML share price is a long-term buy

Here's why I think EML shares are looking very good value for the long haul.

Read more »

A businessman holding a butterfly net looks around hoping to snare a good ASX share investment
Growth Shares

Why I would invest $10,000 into these ASX shares today

Here are two quality ASX shares that I would buy with $10,000...

Read more »

A woman faces the camera with her lip raised up to the side in total confusion.
Growth Shares

2 ASX-listed companies that are growing rapidly

These two ASX shares have dropped heavily, yet as companies they continue to grow.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Growth Shares

Analysts rate these ASX growth shares as buys this month

These growth shares could be buys in May...

Read more »

Two brokers pointing and analysing a share price.
Growth Shares

The ASX 200 share this fund manager singles out amid rising interest rates

Companies that rely on the share market to fund their future growth could be facing some hurdles as interest rates…

Read more »

Three Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discovery
Growth Shares

Why CSL shares are ‘going to deliver’ in 2022: fund manager

Quality growth companies can perform well even in an era of rising interest rates.

Read more »

A man activates an arrow shooting up into a cloud sign on his phone, indicating share price movement in ASX tech shares
Growth Shares

Why this fund manager is backing Xero shares for the rest of 2022

Rising interest rates have seen most growth stocks sell off this year.

Read more »