With demand for bicycles soaring due to the coronavirus, Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS +0.24% is Bank of America's "solitary leisure" pick. With consumers shifting their dollars from entertainment like movies and amusement parks, analysts note a 103% year-over-year spike in dollars spent on bicycles in May, based on debit card activity. Despite states beginning to reopen, June sales remain up 68% compared to last year. Bank of America analysts led by Alexander Perry also note a rise in downloads for the Strava app, which offers GPS tracing to cyclists and runners. Dick's offers a variety of bike brands and a large percentage of its bikes are priced less than $500. Bank of America channel checks suggest a high number of out-of-stocks, however, analysts say the athletic retailer will raise inventory. Other factors that will give Dick's margin upside include a likely uptick for baseball gear, with the season delayed by the pandemic, and increasing favor from Nike Inc. /zigman2/quotes/203439053/composite NKE +1.40% due to Dick's capabilities both online and in stores. Bank of America also thinks Fox Factory Holding Corp. /zigman2/quotes/208878916/composite FOXF +0.85% will benefit thanks to its mountain bike business. Bank of America has a $50 price objective on Dick's Sporting Goods, and $90 on Fox Factory. Dick's Sporting Goods stock has fallen 17% for the year to date, Fox Factory has rallied 25.4% and the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.06% is down 1.7% for the period.