Why Sporting Good Retail Stocks Are Trading Higher Today

Shares of several sporting good retail stocks such as Foot Locker, Inc. FL, Callaway Golf ELY and Dick's Sporting Goods, Inc. DKS are trading higher after a large sporting good company, Hibbett Sports, Inc. HIBB said it expects second-quarter sales to increase 70% from 2019.

Total comparable store sales for the quarter are forecasted to increase in excess of 70% versus the prior year. The brick and mortar comparable store sales are expected to increase by approximately 60% while digital comparable sales are forecasted to increase by approximately 200%, said in Hibbett's company press release.

See Also: Hibbett Sports Spikes 20% On Q2 Sales Forecast

Foot Locker's stock was trading up 6.68% at $29.39 per share on Tuesday at the time of publication. The company has a 52-week high of $47.86 and a 52-week low of $17.46.

Callaway Golf was trading up 7.46% at $19.44 per share on Tuesday at the time of publication. The company has a 52-week high of $22.33 and a 52-week low of $4.75.

Dicks Sporting Goods was trading up 4.12% at $42.25 per share on Tuesday at the time of publication. The company has a 52-week high of $49.80 and a 52-week low of $13.46.