Form 4: Barnes Matthew bought DKS
Barnes Matthew (President - Foot Locker Intl at DICK'S SPORTING GOODS, INC.) reported an open-market purchase of 3,665 shares of DKS at an average $136.39, roughly $499,869, in a Form 4 filed 2026-10-01.
Past performance does not predict future results. Informational only, not investment advice.
Barnes Matthew (President - Foot Locker Intl at DICK'S SPORTING GOODS, INC.) reported an open-market purchase of 3,665 shares of DKS at an average $136.39, roughly $499,869, in a Form 4 filed 2026-10-01.
Dick's Sporting Goods faces significant headwinds from its $2.4B Foot Locker acquisition, which is now expected to post a $40-80M segment loss in 2026 instead of profitability. Management slashed full-year earnings guidance from $13.50-14.50 to $11-12 per share and lowered revenue forecasts, citing weak footwear demand and excess inventory at Foot Locker, though the core Dick's business remains relatively stable.
The 30%+ selloff pricing in $5.2B of value destruction despite legacy DKS fundamentals remaining intact. Even if Foot Locker is worthless, legacy DKS alone justifies ~$185/share versus current $126.61, implying 46% upside.
End of results.