Dick’s Sporting Goods Inc (DKS US, +1, 31-Aug-26)

Between August 26th and 27th, the Vice Chair and 3 Non-Executives purchased a combined $3.7 million worth of stock at around $130. The largest purchase came from Mark Barrenechea (Non-Executive since Jan 2014), who acquired over $2.2 million, roughly tripling his holding. This marks his first purchase after more than a decade with the company and a reversal from prior sales, most recently a $1.3 million sale at $212 in March 2024. 

Another notable purchase is from William Colombo (Vice Chair since Jan 2008, joined 1988), who spent $785,500 in his first purchase since September 2023. This is the largest of his 9 investments and the highest price he has ever paid to date. He has a good record on those prior buys. 

Additionally, Robert Eddy (Non Executive since Sep 2023) purchased $515,000 and Sandeep Mathrani (Non-Executive since Sep 2020) bought $200,000. 

Amid the recent share price pullback following the company’s Q2 earnings report on August 25th, it is encouraging to see a cluster of rare and meaningful purchases. 

We are ranking the stock +1 (strongly positive).

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