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.