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Dick’s Directors Buy $3.7M of DKS Shares After 26% Drop

Dick's Sporting Goods logoDick's Sporting Goods
Sig1.22Sen+1.65Env0.00Soc0.00Gov0.00

Key Dick’s Sporting Goods directors bought about $3.7 million of common stock in late August after a steep post-earnings sell-off. Shares fell amid mixed results, including a 3.6% drop in Foot Locker’s pro-forma comparable store sales. Still, net sales rose 53.2% to $5.59 billion and the core segment’s comparable sales grew 4.9%, while adjusted EPS missed consensus; full-year guidance was maintained.

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