Companies with a market capitalizations of more than $10 billion are classified as large-cap stocks. So far this year, the bullish stock markets and renewed investor focus on growth stocks have driven multiple mid-cap companies to significant increases in their market value. The S&P Midcap 400 index has gained 44.7% year-to-date, outperforming the 17.7% returns of the benchmark S&P 500 index, which represents large-cap stocks…
Given the impressive corporate earnings so far this year and surging reflation trades, mid-cap stocks are poised to hit fresh highs soon, increasing their market-caps to boot.
Fundamentally sound mid-cap stocks Manhattan Associates, Inc. (MANH – Get Rating), DICK’S Sporting Goods, Inc. (DKS – Get Rating), Playtika Holding Corp. (PLTK – Get Rating), and AutoNation, Inc. (AN – Get Rating), all of which currently possess a market capitalization of more than $8 billion, are expected to become large-cap stocks soon.
Manhattan Associates, Inc. (MANH – Get Rating)
With a market capitalization of $9.37 billion, Atlanta, Ga.-based MANH is a developer and provider of supply chain commerce solutions. The company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC).
On June 15, MANH announced that grocery chain Hy-Vee Inc. had chosen to implement Manhattan’s transportation management system (TMS). Also, in June, the company announced that Graybar, a leading distributor of electrical, communications, and data networking products, had chosen to implement Manhattan Active Warehouse Management to optimize its warehouse operations. MANH’s services are in demand, with many top brands optimizing their operations with its solutions, demonstrating its dominance in the market.
On May 25, MANH introduced the Manhattan Active® Transportation Management, a landmark advancement in its supply chain efficiency and optimization. With this introduction, the company expects to provide solutions with unprecedented levels of flexibility and agility and meet modern demands for unified solutions.
MANH’s total revenue increased 1.9% year-over-year to $156.85 million in its fiscal first quarter, ended March 31. Its operating income grew 5.1% from its year-ago value to $25.43 million. Its cash and cash equivalents balance were up 161.9% from the prior-year quarter to $197.17 million over this period. The company’s non-GAAP EPS increased 7.5% year-over-year to $0.43.
A $634.04 million consensus revenue estimate for the current year indicates an 8.1% improvement from the last year. Its revenue is also expected to rise 8.8% year-over-year in the next year. Analysts expect the company’s EPS to come in at $1.82 in the next year, indicating a 10.3% rise year-over-year. Moreover, MANH surpassed the Street’s EPS estimates in each of the trailing four quarters. MANH has gained 41.8% year-to-date and 56% over the past year.
MANH has an overall B rating, which equates to Buy in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.
MANH has a grade of A for Quality, and B for Sentiment. It is ranked #28 among the 132 stocks in the Software – Application industry.
Click here to view additional MANH ratings for Growth, Momentum, Value, and Stability.
Click here to check out our Software Industry Report for 2021
DICK’S Sporting Goods, Inc. (DKS – Get Rating)
DKS in Coraopolis, Pa., is a leading omnichannel sporting goods retailer that offers an array of sports goods, fitness equipment, golf equipment, and hunting and fishing gear products. The company operates through brick-and-mortar stores as well as its e-commerce platform. DKS has a $9.29 billion market capitalization.
On June 1, DKS announced its plans to open seven new and relocated stores across the U.S. This expansionary initiative should attract more customers and expand the company’s market reach significantly. Earlier, in May, DKS announced the…
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