5 Cheap Rising Stocks to Buy

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

Number of Hedge Fund Holders: 40

Sports goods retailer DICK’S Sporting Goods, Inc. (NYSE:DKS) shares have gained about 11% over the past 30 days through April 4. DICK’S Sporting Goods, Inc. (NYSE:DKS) in March posted stronger-than-expected Q4 results. DICK’S Sporting Goods, Inc. (NYSE:DKS) also upped its quarterly dividend by a whopping 105% when compared to the previous dividend.

As of the end of the fourth quarter of 2022, 40 hedge funds tracked by Insider Monkey had stakes in DICK’S Sporting Goods, Inc. (NYSE:DKS). The total value of these stakes was $1.5 billion. The biggest stakeholder of DICK’S Sporting Goods, Inc. (NYSE:DKS) was Stephen Mandel’s Lone Pine Capital which owns a $603 million stake.