5 Best Mid Cap Stocks To Buy In 2022

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

Market Capitalization as of February 15: $9.527 billion

Number of Hedge Fund Holders: 36

DICK’S Sporting Goods, Inc. (NYSE:DKS) is a Pennsylvania-based sporting goods retailer offering sporting apparel and accessories, fitness equipment, golf equipment, and hunting and fishing gear products. 

On November 23, DICK’S Sporting Goods, Inc. (NYSE:DKS) declared a $0.4375 per share quarterly dividend, which was paid on December 29, to shareholders of record on December 10. 

Truist analyst Beth Reed raised the price target on DICK’S Sporting Goods, Inc. (NYSE:DKS) on January 7 to $168 from $161 and kept a Buy rating on the shares. The company’s post-holiday update should alleviate concerns some investors had around slowing sales and traffic trends during the peak holiday selling period, the analyst told investors in a research note. She continues to see multiple longer-term tailwinds for DICK’S Sporting Goods, Inc. (NYSE:DKS) and believes that sales and margins have been reset higher in a post-pandemic environment.

According to the Q3 database of Insider Monkey, 36 hedge funds were bullish on DICK’S Sporting Goods, Inc. (NYSE:DKS), holding collective stakes worth $1.61 billion. Atreides Management is a significant stakeholder of DICK’S Sporting Goods, Inc. (NYSE:DKS) as of Q3 2021, with 3.2 million shares valued at $386.6 million.