5 Best Sporting Goods Stocks to Buy

2. Big 5 Sporting Goods Corporation (NASDAQ: BGFV)

Number of Hedge Fund Holders: 17   

Big 5 Sporting Goods Corporation (NASDAQ: BGFV) is a California-based sports retailer that was founded in 1955. It is placed second on our list of 10 best sporting goods stocks to buy. It owns and runs more than 400 sports retail stores in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company makes and sells athletic shoes, apparel, and accessories for hunting, fishing, tennis, golf, and other sports and recreational activities. 

On March 2, Big 5 Sporting Goods Corporation (NASDAQ: BGFV) raised its dividend by 50% to $0.15 per share after a strong start to the year. In January, the firm had posted quarterly results and comprehensively beat market estimates for sales and merchandise margins. 

At the end of the fourth quarter of 2020, 17 hedge funds in the database of Insider Monkey held stakes worth $15 million in the firm, up from 9 in the preceding quarter worth $18 million.