5 Best Sporting Goods Stocks to Buy

3. Daktronics, Inc. (NASDAQ: DAKT)

Number of Hedge Fund Holders: 15     

Daktronics, Inc. (NASDAQ: DAKT) is a South Dakota-based firm that makes and sells scoreboards, billboards, and sound systems for sports stadiums. It is ranked third on our list of 10 best sporting goods stocks to buy and was founded in 1968. Some of the services and products the firm offers include video display systems, architectural lighting and display products, as well as indoor and outdoor scoreboards for many different sports, among others. It also sells sports-related statistics software and swimming timers and start systems.

Daktronics, Inc. (NASDAQ: DAKT) Q3 GAAP EPS beat the Street’s forecasts by $0.06. Revenue in the quarter declined by 26% to $94.1 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in the firm with 1.3 million shares worth more than $6.3 million.