5 Best Non-Tech Stocks To Buy Now

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

Number of Hedge Fund Holders: 42
PE Ratio: 13.51

Dick’s Sporting Goods has been on a tear in recent months. The stock has gained a whopping 360% over the last 12 months.   Williams Trading recently started coverage of Dick’s Sporting Goods with a Buy rating, citing positive near and long term outlook. Earlier in March the company revealed its plans to launch an exclusive men’s athletic apparel brand called VRST.

According to our database, the number of DICK’S Sporting Goods’ long hedge funds positions increased at the end of the fourth quarter of 2020. There were 42 hedge funds that hold a position in DKS compared to 41 funds in the third quarter. The biggest stakeholder of the company is Atreides Management, with 1.7 million shares, worth $92.8 million.

In one of their investor letters, Brown Advisory highlighted a few stocks and Dick’s Sporting Goods Inc. (NYSE:DKS) is one of them. Here is what Brown Advisory said:

“Dick’s Sporting Goods reported first quarter earnings in which the company reported better-than-feared results driven by strong ecommerce sales growth that assisted in replacing lost brick and mortar sales as a result of store closures due to COVID-19. In addition to posting quarterly results that were better-than feared, Dick’s is viewed as a company that should be a long-term survivor that is poised to take market share in the sporting goods industry.”