12 Most Undervalued Quality Stocks to Buy According to Hedge Funds

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6. DICK’S Sporting Goods Inc. (NYSE:DKS)

Forward P/E Ratio as of August 7: 15.06

Number of Hedge Fund Holders: 44

DICK’S Sporting Goods Inc. (NYSE:DKS) is one of the most undervalued quality stocks to buy according to hedge funds. On August 7, DICK’S Sporting Goods announced the official launch of Cookie Jar & A Dream Studios, which is an in-house content and production studio. The new studio is dedicated to creating original sports content that tells human-centered stories.

The name of the studio is a tribute to the founding of DICK’S Sporting Goods in 1948, when an 18-year-old Dick Stack borrowed $300 from his grandmother’s savings, which she kept in a cookie jar, to open his first shop. Although the studio was just recently established, DICK’S Sporting Goods has been involved in sports storytelling for over a decade.

The launch of Cookie Jar & A Dream Studios coincides with the premiere of its new documentary, “Big Dreams: The Little League World Series 2024.” This film explores the Little League World Series in Williamsport, Pennsylvania, and was produced in partnership with Imagine Entertainment and MLB Studios. It is scheduled to premiere on ESPN on August 12.

DICK’S Sporting Goods Inc. (NYSE:DKS) is an omni-channel sporting goods retailer primarily in the US. The company provides hardlines, which include sporting goods equipment, fitness equipment, golf equipment, fishing gear products, and apparel.

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