12 Best RV and Camping Stocks To Buy Now

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

Number of Hedge Fund Holders: 34

DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American retailer of sporting goods, camping and hiking gear, and picnic supplies. With more than 850 stores and a robust online presence, the company is the leading omnichannel sporting goods retailer in the US.

In April 2021, the company launched its first DICK’S House of Sport, a new retail concept designed to offer an immersive experience. House of Sport stores feature amenities like a turf field and batting cages, allowing customers to engage in various sports activities beyond just purchasing equipment. This innovative approach is part of DICK’S Sporting Goods, Inc.’s (NYSE:DKS) strategy to enhance customer engagement and create a unique shopping environment.

DICK’S Sporting Goods, Inc. (NYSE:DKS) is also expanding its Field House locations, which are inspired by the House of Sport concept. These stores include interactive experiences and improved service, contributing to strong performance metrics. During the second quarter of 2024, DICK’S opened 4 new Field House locations to bring the total to 17 stores. The company plans to add nine more by year-end. This expansion reflects the company’s commitment to enhancing the customer experience through innovative retail formats.

Financially, DICK’S Sporting Goods, Inc. (NYSE:DKS) has shown impressive growth. In Q2 2024, the company reported net sales of $3.47 billion, a 7.8% increase from the same quarter in the previous year. Earnings per share rose by 55% to $4.37, demonstrating effective execution of its long-term strategies. The company has also raised its full-year guidance for comparable sales growth to between 2.5% and 3.5%, indicating confidence in continued momentum.

The company is also investing in digital capabilities, including enhancements to its website and mobile app, further supporting its omnichannel strategy. Features like 3D viewing for footwear and AI-powered chat tools enhance the online shopping experience.

DKS is one of the best RV and camping stocks to buy. According to Insider Monkey’s database, DICK’S Sporting Goods, Inc. (NYSE:DKS) has gained significant interest from institutional investors, with the number of hedge fund holders increasing to 34 in Q2 2024, up from 28 in the previous quarter.