5 Best Fitness Stocks To Invest In

2. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 67

NIKE, Inc. (NYSE:NKE) stock rose 27% last year after the company shifted its focus to online sales during the pandemic. In the recent earnings announced in September, the company’s digital sales grew 29% to $4.7 billion. The company’s overall revenue in the first quarter of fiscal 2022 was up 16% year over year to $12.2 billion.

NIKE, Inc. (NYSE:NKE) also serves as a good passive income tool for investors as the company pays its shareholders an annual dividend of $1.10 per share. The company has increased its dividends in the last 11 years. NIKE, Inc. (NYSE:NKE) ranks second on our list of 10 best fitness stocks to invest in.