5 Best Sporting Goods Stocks To Invest In

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

Number Of Hedge Fund Holders: 37

DICK’S Sporting Goods, Inc. (NYSE:DKS) is a Pennsylvania-based company that was incorporated in 1948. The sporting goods retailer offers sporting apparel and accessories, fitness equipment, golf equipment, and hunting and fishing gear products across the United States.

Earlier this May, DICK’S Sporting Goods, Inc. (NYSE:DKS) reported record earnings for its fiscal 2021 fourth quarter ended Jan. 29, 2022, as well as for the fiscal year 2021. The sporting goods retailer reported its Q4 sales reaching $3.35 billion, up 7.3% from the year-ago period, marking the largest sales quarter in the company’s history. It also reported $12.29 billion in net sales for the fiscal year, up 28.3% on a year-over-year basis.

In the fourth quarter of 2021, 37 hedge funds reported owning stakes in DICK’S Sporting Goods, Inc. (NYSE:DKS) according to Insider Monkey’s records, collectively worth approximately $1.3 billion. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital held a prominent position in the company, with 1.6 million shares valued at $191 million.