DKS
LONGINSIDER SELL13D FILEDDICKS SPORTING GOODS INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NeutralDick's Sporting Goods delivered Q1 FY2026 results with revenue beat ($5.17B vs. $5.09B expected) and strong GAAP earnings, but non-GAAP EPS disappointed at $2.90 vs. $2.92 expected, reflecting integration costs from the Foot Locker acquisition completed in September 2025. The company maintained full-year non-GAAP EPS guidance at $13.50–$14.50 and raised adjusted operating income guidance, while aggressively expanding store formats and integrating Foot Locker's 1,000+ locations across a portfolio now totaling 3,115 stores.
Red flags
- •Non-GAAP EPS declined 14% year-over-year ($2.90 vs. $3.37), driven by Foot Locker integration and restructuring costs
- •GAAP operating margin compressed significantly from 11.5% to 8.7%; non-GAAP margin fell from 11.4% to 7.3%
- •Inventory surged 52% to $5.42B with Foot Locker contributing $1.7B, raising execution risk on merchandise optimization
- •Long-term debt and lease obligations climbed to $1.91B post-acquisition
- •Analyst warning (Seeking Alpha, June 2026) of multi-year Foot Locker integration risk with fair value only ~$151 per share vs. $224 consensus
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Sachem Head Capital | Scott Ferguson | 1.6M | +385K | $318M | 7.7% | +32% | Existing |
| Maverick Capital | Lee Ainslie | 1.0M | +211K | $207M | 2.4% | +25% | Existing |
| Glenview Capital | Larry Robbins | 299K | +15K | $59M | 1.6% | +5% | Existing |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where DKS ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #5 of this fund's book
- 2Echostar Corp$352M
- 3GDS Hldgs Ltd$350M
- 4Primo Brands Corporation$322M
- 5Dicks Sporting Goods Inc$318M
- 6Twilio Inc$289M
- 7Performance Food Group Co$287M
- 8Carvana Co$248M
position #17 of this fund's book
- 14NATERA INC$234M
- 15CAPITAL ONE FINL CORP$228M
- 16LINDE PLC$211M
- 17DICKS SPORTING GOODS INC$207M
- 18INFLEQTION INC$196M
- 19SOUTHWEST GAS HLDGS INC$185M
- 20CAMDEN PPTY TR$182M
position #18 of this fund's book
- 15META PLATFORMS INC$70M
- 16APPLIED MATLS INC$67M
- 17ONTO INNOVATION INC$61M
- 18DICKS SPORTING GOODS INC$59M
- 19HUMANA INC$58M
- 20BUTTERFLY NETWORK INC$58M
- 21ELEMENT SOLUTIONS INC$56M
Values are quarter-end position sizes. Shown only for funds where DKS ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Hobart Lauren R | President & CEO | SELL | 7K | $227.69 | $1.55M | 2026-05-28 | ↗ |
| Hobart Lauren R | President & CEO | SELL | 13K | $228.34 | $3.04M | 2026-05-28 | ↗ |
| Lodge-Jarrett Julie | EVP, Chf People & Purpose Ofcr | SELL | 3K | $221.13 | $0.55M | 2026-04-17 | ↗ |
| Lodge-Jarrett Julie | EVP, Chf People & Purpose Ofcr | SELL | 2K | $227.26 | $0.37M | 2026-04-17 | ↗ |
| STACK EDWARD W | Executive Chairman | SELL | 12K | $195.77 | $2.32M | 2026-03-31 | ↗ |
| STACK EDWARD W | Executive Chairman | SELL | 73K | $197.01 | $14.41M | 2026-03-31 | ↗ |
| STACK EDWARD W | Executive Chairman | SELL | 87K | $197.84 | $17.18M | 2026-03-31 | ↗ |
| STACK EDWARD W | Executive Chairman | SELL | 23K | $198.65 | $4.51M | 2026-03-31 | ↗ |
| STACK EDWARD W | Executive Chairman | SELL | 16K | $200.02 | $3.19M | 2026-03-31 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| William J. Colombo | SC 13D/A | 12.2M | 15.6% | 2026-03-13 | ↗ |
| Michael E. Stack | SC 13D | 12.1M | 15.4% | 2026-03-13 | ↗ |
| Overbrook235 LLC | SC 13D | 12.1M | 15.4% | 2026-03-13 | ↗ |
| Edward W. Stack | SC 13G/A | 16.0M | 19.7% | 2026-02-17 | ↗ |
| Wellington Management Group LLP | SC 13G/A | 8.5M | 12.8% | 2026-02-10 | ↗ |
| FMR LLC | SC 13G/A | 5.3M | 7.9% | 2026-02-05 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.