5 Best Sporting Goods Stocks to Buy

In this article we will take a look at the 5 best sporting goods stocks to buy. For a detailed analysis of the sporting goods sector, go directly to the 10 Best Sporting Goods Stocks to Buy.

5. Callaway Golf Company (NYSE: ELY)

Number of Hedge Fund Holders: 40    

Callaway Golf Company (NYSE: ELY) is a California-based firm that makes and sells golf equipment. It was founded in 1982 and is placed fifth on our list of 10 best sporting goods stocks to buy. The company markets  drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs. It also sells golf balls, apparel, and footwear. It owns brands such as Callaway, Odyssey, and TravisMathew. It has operations in more than 100 countries and has recently launched websites for online sales. 

On April 22, investment advisory Jefferies named Callaway Golf Company (NYSE: ELY) as the top pick for the golf industry amid a return to normal business after the pandemic. Jefferies based the positive outlook on Callaway’s purchase of Topgolf in March this year. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 3.6 million shares worth more than $86 million.