Dick’s Sporting Goods (+1, DKS)
Edward Stack (Executive Chairman since 2021, joined 1948) purchased $25 million of stock on the 7th of December at $110.30, increasing his stake by 2%. He owns 17.5% of the company. This is his first purchase since 2014 when he bought $4.9 million of stock at $24.56 (which contributed to a +1 ranking). He has only made 4 purchases despite his very long tenure – this is much larger than all those purchases combined. He was CEO for many years, stepping down to Executive Chairman in February 2021. The purchase follows short-term weakness although the long-term track record is excellent. This is a very notable buy.
We are ranking the stock +1.