5 Best Sporting Goods Stocks to Buy

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1. NIKE, Inc. (NYSE: NKE)

Number of Hedge Fund Holders: 82   

NIKE, Inc. (NYSE: NKE) is a Eugene-based company that makes and sells sportswear and sports equipment worldwide. It is placed first on our list of 10 best sporting goods stocks to buy and was founded in 1964. It has a market cap of more than $210 billion and posted an annual revenue of $37 billion in 2020. It markets equipment and accessories for many sports, including football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, and wrestling, among others.

NIKE, Inc. (NYSE: NKE) was named among the top picks of investment advisory UBS on April 7 as the economy reopened and the retail environment normalized. UBS said that Nike was one of the firms with strong and underappreciated post-pandemic growth prospects.

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in the firm with 7.7 million shares worth more than $1 billion.  

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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