5 Best Gun Stocks To Buy in 2023

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

Number of Hedge Fund Holders: 37

Incorporated in 1948, DICK’S Sporting Goods, Inc. (NYSE:DKS) ranks 2nd in our list of the best gun stocks to buy in 2023. DICK’S Sporting Goods, Inc. (NYSE:DKS) sells sports, hunting, and fishing gear products. It posted Q2 EPS of $2.82 and total sales of $3.22 billion. During the second quarter, DICK’S Sporting Goods, Inc. (NYSE:DKS) also repurchased its 1.6 million common shares for $202.7 million. DICK’S Sporting Goods, Inc. (NYSE:DKS) expects full-year 2023 non-GAAP diluted EPS of $11.50 to $12.30.

Insider Monkey took a look at 910 hedge funds for their Q2 holdings and found that 37 had invested in DICK’S Sporting Goods, Inc. (NYSE:DKS). Lone Pine Capital was the biggest investor among these with 3.3 million stakes that were valued at $431.8 million.