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Bass Pro Shop Stock: Is Bass Pro Shops Publicly Traded?

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by Gavin in Blog
September 15, 2022 0 comments
bass pro shop stock

Today, we are looking at Bass Pro Shop stock and answering the question, is it publicly traded?

Contents

Introduction

Bass Pro Shops is well known for its retail stores with thousands of locations around the country, including a workforce of more than 40,000 employees.

Investors may be disappointed to learn that Bass Pro Shops is a privately held company, which means that it is impossible to buy Bass Pro Shops shares on a stock exchange.

Bass Pro Shops is celebrating its 50th anniversary in 2022.

CEO and founder Johnny Morris headquartered Bass Pro Shops in Springfield, Missouri.

The company has expanded to more than 170 locations and branched off into different brands, including Cabella’s.

It is incredibly unlikely that Bass Pro Shops will shift its business model from being a privately held company to submitting an IPO at any point in the future.

Investors may have to look elsewhere and find similar companies to invest in, especially since it is likely that Bass Pro Shops will remain a privately held company indefinitely.

Why Has Bass Pro Shops Remained Privately Held?

Bass Pro Shops hasn’t needed to go public since launching back in 1972.

The company sells a variety of fishing, hunting, boating, and other similar outdoor activity products.

CEO Johnny Morris has managed to lead the company down a path that would protect its independence and avoid the requirement of going public.

Bass Pro Shops is known for sponsoring race teams in NASCAR while also hosting and sponsoring major sporting events around the globe.

With tens of thousands of employees across America, Bass Pro Shops has not shown any sign of wanting to go public at any point in the near future.

While it’s currently not possible to invest in Bass Pro Shops on any stock exchange, there may be some appealing alternative companies that are very similar for traders to consider.

Most retailers do not prioritize outdoor hunting activities and fishing activities when selling a large collection of outdoor products.

Bass Pro Shops is different in that it focuses on these activities and includes a variety of boating and professional fishing products.

Bass Pro Shops has shown an insane amount of consistency in its retail sales since 2017.

Financial reports show that gross sales for Bass Pro Shops in the United States over the last four years prior to 2020 hovers at around 7 billion dollars.

With impressive revenue numbers and no sign of the company declining in recent years, there’s no reason to expect that the public would need to go public.

Bass Pro Shops Revenues

In 2017, Bass Pro Shops reported 7.3 billion dollars in retail sales during the financial year.

Retail sales dropped narrowly in 2018 and 2019 to approximately 6.6 billion dollars.

The company then reached 7.3 billion dollars again in 2020, highlighting the incredible consistency and stability within Bass Pro Shops’ retail sales every year.

With revenues stable and the company continues to remain one of the major outdoor activity retailers, there’s a lot of confidence that Bass Pro Shops will continue to remain prominent for years to come.

Dick’s Sporting Goods and Gander Mountain are two of the company’s largest competitors.

Bass Pro Shops was not excluded from the challenges that existed when the Covid-19 pandemic hit in 2020.

Just like most other retailers, Bass Pro Shops had several difficulties and is only now emerging from the end of a tough economic cycle.

The company is projecting to return to its initial retail sales numbers that they were reaching before the pandemic hit.

Still, it’s unclear just how quickly the company will be able to rebound to those impressive financial numbers.

bass pro shop stock

How To Invest In Bass Pro Shops

Stock traders may grow frustrated with the fact that they cannot directly invest in Bass Pro Shops on any North American Stock Exchange because CEO and founder Johnny Morris privately hold the company.

There may be some other appealing public companies that share similar business models and sell products related to the outdoors.

Dick’s Sporting Goods is a publicly traded company currently available on most stock exchanges.

The company has almost 900 different store locations and is continuing to grow and become one of Bass Pro Shops’ largest competitors.

  • Johnny Morris founded Bass Pro Shops back in 1972.
  •  The Bass Pro Shops company has shown no signals of wanting to go public at any point in the future.
  •  Bass Pro Shops commonly sponsor sporting events and race teams in the sport of NASCAR.

Bass Pro Shops does not have a stock symbol on the stock exchange that traders can buy.

The good news is that some rival brands are public that investors may want to consider for their portfolio.

We’re going to cover some of the similar investment opportunities that might be appealing to investors, most of which sell similar outdoor-themed products just like Bass Pro Shops.

Similar Investment Opportunities

Two major outdoor branded companies come to mind when comparing Bass Pro Shops as an investment opportunity.

We’re going to cover these two companies and provide you with a little bit of information about each brand to help you make an informed decision as to whether they would be a smart investment for your portfolio.

Dick’s Sporting Goods

Dick’s Sporting Goods was founded back in 1948 and is currently headquartered in Pennsylvania.

The company’s current CEO is Lauren Hobart, who recently took the position of CEO back in February of 2021.

Dick’s Sporting Goods has more than 850 stores and more than 50,000 employees across America.

As one of Bass Pro Shops’ largest rivals, some investors may be interested in investing in the company of Dick’s Sporting Goods.

The company is listed on the New York Stock Exchange and is currently trading at $84 per share as of July 2022.

Sportsman’s Warehouse

The company known as Sportsman’s Warehouse was founded back in 1986 by Bob Hayes.

The current CEO’s name is Jon Barker, and he has been in the position of CEO since March of 2018.

The Sportsman’s Warehouse company is currently trading at $10 per share as of July 2022 on the stock exchange.

Sportsman’s Warehouse currently has more than 5,000 employees and is headquartered in the state of Utah.

While this company may not be the number one competitor to Bass Pro Shops, there’s no doubt that it could still make a profitable investment if traders decide to buy in at the right time.

Dick’s Sporting Goods and Sportsman’s Warehouse are both major rivals to Bass Pro Shops and could serve as a great alternative investment for stock market traders.

There’s nearly no chance that Bass Pro Shops will go public at any point in the near future, which means that investors shouldn’t wait too long to potentially gain exposure to the same industry.

Both of these companies could be reliable investments in the longer term, especially as the worldwide economy bounces back from the recent recession.

Stock Price for Bass Pro Shops in 2022?

Does Bass Pro Shops have a stock price?

You will not currently be able to find the Bass Pro Shop stock price on a stock exchange because the company doesn’t have a public trading symbol.

Since the company hasn’t gone public since launching more than 50 years ago, there’s no stock price for the Bass Pro Shops company in 2022.

Let’s take a look at some of the company’s publicly traded competitor brands to analyze their stock price instead.

Alternative brands like Dick’s Sporting Goods and Sportsman’s Warehouse have publicly traded stocks on the stock exchange.

Dick’s Sporting Goods is currently trading at $84.00 per share in July of 2022, while Sportsman’s Warehouse is trading at just under $10.00 per share.

It’s also worth noting that Dick’s Sporting Goods does pay out a dividend to its shareholders, while Sportsman’s Warehouse does not.

Final Summary | Bass Pro Shops Stock

Bass Pro Shops is celebrating its 50th anniversary in 2022 under its company owner and founder Johnny Morris.

While investors will likely never be able to invest in Bass Pro Shops directly since the company is privately held, at least some alternative rival brands provide a similar type of exposure to the industry.

Over the last several financial years, Bass Pro Shops has generated more than six billion dollars in gross revenue per year.

Now that the company has made it through the COVID-19 pandemic, its future seems brighter than ever.

The company was already in the news in recent years for a major 4 billion dollar deal in 2017 with Cabella’s.

The merger was deemed a success, and Bass Pro Shops is now trying to figure out how to make it through the next several years from a financial perspective.

Only time will tell whether Bass Pro Shops recovers back to its revenue targets before the pandemic.

We hope you enjoyed this article on Bass Pro Shop Stock.

If you have any questions, please send an email or leave a comment below.

Trade safe!

Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.

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