5 Best Gun Stocks to Buy Now

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

Number of Hedge Fund Holders: 36

DICK’S Sporting Goods, Inc. (NYSE: DKS) is an American retailer of recreational and outdoor products. The Pennsylvania-based sporting goods company ranks 4th on the list of 10 best gun stocks to buy now. DICK’S Sporting Goods, Inc. (NYSE: DKS) sells hunting and shooting gear such as handgun accessories, shotguns, rifles, and ammo accessories.

On August 25, shares of DICK’S Sporting Goods, Inc. (NYSE: DKS) soared 10.41% premarket trading after the company topped the Q2 earnings consensus. On August 26, Wedbush analyst Seth Basham maintained an Outperform rating on DICK’S Sporting Goods, Inc. (NYSE: DKS) and increased its price target to $150 per share from $125 previously. On the other hand, Bank of America analyst Robert Ohmes kept a Buy rating on DICK’S Sporting Goods, Inc. (NYSE: DKS) and increased its price target to $160 per share from the previous $115. 

The company has a market cap of $12.3 billion. In the second quarter of 2021, DICK’S Sporting Goods, Inc. (NYSE: DKS) reported an EPS of $5.08, beating estimates by $2.26. The company’s revenue in the second quarter came in at $3.27 billion, an increase of 21% year over year, and beat revenue estimates by $437.99 million. 

At the end of the second quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $1.41 billion in DICK’S Sporting Goods, Inc. (NYSE: DKS), up from 31 in the previous quarter worth $852 million.