Bass Pro Shops is a major outdoors retailer that operates over 170 stores in the United States and Canada. Its long history of success and the high level of consumer confidence in the company’s products has investors wondering if they can add Bass Pro Shops stock to their portfolios.
Over the last few years, we’ve seen an explosion of interest in the outdoors as a result of the pandemic.
While many sectors have seen a large drop in earnings, companies selling outdoor recreation merchandise have experienced the exact opposite.
Bass Pro Shops has benefited from the growing number of outdoor enthusiasts, which is why investors are interested in investing in the company.
But can you buy Bass Pro Shops stock?
Read on to learn more about the company, whether you can buy its stock, as well as some competitors to consider investing in.
Bass Pro: One of the Largest Names in Fishing and Hunting
Bass Pro Shops was founded in 1972 when Johnny Morris began selling bait and tackle in the back of his father’s liquor store in Springfield, Missouri.
Bass Pro is one of several companies owned by the Great American Outdoors Group, all of which are privately held.
The company sells a wide variety of fishing gear, as well as general outdoor gear.
From fishing to camping, to hunting, you can find what you need for the outdoors at a Bass Pro.
More on Bass Pro Shops
The company has brands like White River Marine Group and Sun Tracker, and both are important for fishermen.
If you can’t find it, though, you can go to one of its subsidiaries, like Cabela’s.
This network of successful subsidiaries is one of the reasons the company is doing so well.
In fact, in 2020, a year that crippled most businesses, Bass Pro released data revealing that they had made over $7 billion in net sales.
By looking at just these retail sales, you can see the success that Bass Pro is experiencing.
Can You Buy Bass Pro Shops Stock?
At this time, Bass Pro is not a publicly-traded company.
As such, you cannot currently buy its stock.
So until an initial public offering (IPO), Bass Pro is off the table for investing.
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Who Owns Bass Pro Shops?
Johnny Morris is the founder and owner of Bass Pro, and he’s also the owner of the Great American Outdoors Group.
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Great American Outdoors Group also owns Bass Pro, Cabela’s, and White River Marine Group.
This makes it one of the strongest outdoors, fishing, and hunting equipment retail companies in the country.
Can You Buy Bass Pro Shops Stock: Bass Pro Shops Stock Symbol
Bass Pro does not have a stock symbol.
Unless it becomes a publicly-traded company, it will not be assigned one either.
Why Is Bass Pro Successful?
Bass Pro is a successful company due to its specialization in the outdoors — an industry that has been booming during the pandemic.
The company has a large catalog of products and quality brands to choose from.
Bass Pro carries brands like White River Marine Group and Sun Tracker, and both are important for fishermen.
The company also stated that it will be acquiring other outdoors-related companies in the future.
Bass Pro released news in late 2020 that it would be acquiring Sportsman’s Warehouse.
Once acquired, this will make Bass Pro the largest outdoors retailer in the country.
The acquisition is expected to take some time to put in motion, though, and it could always fall through.
Should You Buy Bass Pro Shops Stock if It Goes Public?
Only time will tell if Bass Pro goes public.
If that does happen, you may want to think about investing in the company.
That being said, an IPO is extremely unlikely as long as the Great American Outdoors Group owns it.
The parent company appears particularly keen on keeping it that way, too, as it clearly aims to expand its reach in the outdoors market.
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Bass Pro Shops Competitors to Invest In
If you’re looking for stocks similar to Bass Pro, check out some of the options we’ve listed below!
Sportsman’s Warehouse (NASDAQ: SPWH)
If you’re looking to cash in on the success of outdoors companies following the pandemic, invest in Sportsman’s Warehouse.
The company is in the process of being acquired by Bass Pro, meaning that this stock is not going to be available for long.
Be sure to buy Sportsman’s Warehouse before the aggregate transaction value per share is increased by the Bass Pro acquisition!
Dick’s Sporting Goods (NYSE: DKS)
Dick’s Sporting Goods is the largest sporting goods retailer in the country.
When it comes to investing in Bass Pro competitors, this is the best option.
In 2020 the store saw nearly $10 billion in retail sales.
Over the last 4 years, Dick’s has only seen one year with a decline in sales growth.
Bass Pro Shops Stock: Final Thoughts
At this time, you cannot invest in Bass Pro Shops.
However, if it ever becomes available to invest in on the open market, Bass Pro Shops could be a worthy investment.
If an IPO does occur, be ready to invest.
Until then, however, check out Dick’s Sporting Goods and Sportsman’s Warehouse!
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