10 Best Sporting Goods Stocks To Invest In Now

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

Number of Hedge Fund Holders: 35

DICK’S Sporting Goods, Inc. (NYSE:DKS) is a prominent American retailer specializing in sporting goods as well as camping and hiking gear and picnic supplies. The company has over 800 stores along with a strong online platform. With the availability of its products across different channels, the company holds the position of the leading omnichannel sporting goods retailer in the United States.

According to DICK’S Sporting Goods, Inc.’s (NYSE:DKS) Q3 2024 results, its net sales were up 0.5% to $3.06 billion and its gross margin expanded by 67 basis points to 35.8%. Comparable sales increased 4.2%, driven by growth in average ticket and transactions. The company also raised its full-year 2024 guidance, expecting comparable sales growth of 3.6% to 4.2% and earnings per share between $13.65 and $13.95, showing confidence in its business plans.

DICK’S Sporting Goods, Inc. (NYSE:DKS) is focused on international growth, with plans to open new stores and expand its online presence. Its efforts include in-store initiatives like the Field House concept and digital tools such as the GameChanger app to improve the customer experience. These strategies position DICK’S Sporting Goods, Inc. (NYSE: DKS) to stand out from its competitors.

The company is reshaping sports retail by building strong brand partnerships and communities. Their “Health of Sport” concept is designed to meet the needs of all athletes, covering both performance and lifestyle. In Q3, DICK’S Sporting Goods, Inc. (NYSE:DKS) opened three House of Sports locations, bringing the total to nineteen ahead of the holiday season. In 2025, the company plans to open around six Health and Support locations and is on track to have 75 to 100 locations open by 2027.

In 2025, the company plans to open around twenty Fieldhouse locations. The Texas market is seen as a key growth opportunity, and DICK’S Sporting Goods, Inc. (NYSE:DKS) is investing in new health support locations, marketing, and infrastructure to improve the omnichannel experience for athletes and take advantage of this potential. This quarter, they started construction on a new distribution center in Fort Worth, Texas, which is set to open in early 2026.