What smart money is saying about Dick's Sporting Goods
4 funds in our archive have pitched Dick's Sporting Goods, most recently Alluvium AM Conventum in September 2026.
DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; and apparel. The company also offers footwear and accessories, such as athletic shoes for running, walking, tennis, fitness and cross training, basketball, and hiking; and specialty footwear comprising casual footwear and a complete line of cleats for team sports. In addition, it owns and operates Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, and Going Going Gone! specialty concept stores; and DICK’S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for live streaming, scheduling, communications, and scorekeeping. Further, the company owns and operates Foot Locker, which includes Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. It offers its products online, as well as through its mobile apps. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
11 lettersMore funds are selling than buying
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2026 and Q3 2026, 11 fund letters reported a position in Dick's Sporting Goods, with 2 buys (opened or added) and 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 8 | 2 | 4 | 1 |
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q1 2026 | 1 | 0 | 0 | 3 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 7 moves
- September 2026
“During September, I sold three stocks in the portfolio. • Dick’s Sporting Goods (Sold): The reason for the sale was a broken investment thesis.”
Dick's Sporting Goods - September 2026
“the way. For us, we welcomed the likes of Honeywell Aerospace (HONA), Dick’s Sporting Goods (DKS), Salesforce (CRM), Alibaba (BABA) The Coopers Companies (COO) to our portfolio.”
Dick's Sporting Goods - ExitedHamlin Capital Management Equity and High Yield Municipal Bond StrategiesSeptember 2026
“Dick’s Sporting Goods reported disappointing second quarter results in August. The magnitude of Foot Locker’s deceleration surprised us, as did the promotional intensity in the broader athletic apparel category. We exited the position after it triggered our stop-loss.”
Dick's Sporting Goods - AddedCDT Capital VNAVSeptember 2026
“For us, we welcomed the likes of Honeywell Aerospace (HONA), Dick’s Sporting Goods (DKS), Salesforce (CRM), Alibaba (BABA) The Coopers Companies (COO) to our portfolio.”
Dick's Sporting Goods - September 2026
“We were very disappointed after reviewing Dick’s Sporting’s second quarter results and management’s significant lowering of its earnings guidance. We were not alone. The share price fell 30.7% on the day and ended the quarter 40.2% lower. Retail is fickle. Apparently certain legacy footwear “silhouettes” are no longer in vogue which has led to excess inventory across the industry. The aggressive promotions that were required to clear stock has decimated margins, most notably for Dick’s Foot Locker (FL) stores. And these challenging conditions are expected to persist for the remainder of the year. Hence management lowered its sales expectations for the FL stores by 2.6% and profit margin guidance for both Dicks’s and FL (so significantly for FL that it became a “loss margin”). For the last 8 years management guidance has been conservative. But this revision comes with the qualification that it is somewhat reliant on successful new and yet to be tested product launches. The way this has unfolded raises questions about management’s capital allocation judgements. At the current juncture, the USD 2.5b FL acquisition appears to have destroyed value. However disappointing this may be, after accounting for the share price fall and our revised margin assumptions, the discount the shares trade relative to our valuation increased from 4% to 20% and we judged the share price reaction to be extreme. Hence we bought more and ended the quarter with a 5.3% position.”
Dick's Sporting Goods - September 2026
“We sold Dick's Sporting Goods (DKS) in early August as weakness in athletic footwear spread through the channel.”
Dick's Sporting Goods - August 2026
“>ey detractors from performance included- Dick’s Sporting Goods- Shares underperformed in August following Q2 earnings that fell short of expectations.”
Dick's Sporting Goods - August 2026
“Lastly in a month full of stories, we note that a once owned highly profitable holding, Dick's Sporting Goods, suffered a c. 30+% price fall in one day as it announced poor results and downgraded expectations primarily due to the acquisition of Foot Locker about a year ago. We exited the last of our position in January 2026 hating the deal.”
Dick's Sporting Goods - June 2026
Listed in Alluvium AM Conventum’s reported holdings.
Dick's Sporting Goods - April 2026
“Other positive contributors included Keysight Technologies (Information Technology) and the Consumer Discretionary names of Boot Barn and Dick’s Sporting Goods.”
Dick's Sporting Goods - HoldsAlluvium Global FundMarch 2026
“Dick’s Sporting, (up 0.1%) posted strong results, with more growth from its core business expected to come. It also re-assessed the number of Foot Locker stores it intends to close after promising trials of its “Fast Breaker” concept. This is expected to increase long term growth, but comes at the cost of lower short term growth. With little debt, high returns on capital, and trading at acceptable pricing metrics, we remain positive and comfortable with the Fund’s 5.3% position.”
Dick's Sporting Goods
Also mentioned · 3
These funds discuss Dick's Sporting Goods as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedHeartland Value FundSeptember 2026
“In the summer, we added to our position in this $6 billion in sales retailer, after rival Dick’s Sporting Goods missed badly on its second quarter earnings. That news sent the whole group down.”
Dick's Sporting Goods - September 2026
“A good example of our focus on valuations—and the value of active management—is Academy Sports and Outdoors (ASO) . In the summer, we added to our position in this $6 billion in sales retailer, after rival Dick’s Sporting Goods missed badly on its second quarter earnings.”
Dick's Sporting Goods - MentionedHeartland Advisors Value StrategySeptember 2026
“In the summer, we added to our position in this $6 billion in sales retailer, after rival Dick’s Sporting Goods missed badly on its second quarter earnings. That news sent the whole group down.”
Dick's Sporting Goods
Fund coverage · 4 theses
- Alluvium AM ConventumSeptember 2026
Dick’s Sporting Goods is a sporting goods retailer, and the fund bought more after an extreme share price reaction widened the discount to valuation.
Read the full thesis - Riverwater Sustainable Value StrategyMarch 2026
Dick's Sporting Goods, Inc. stands to gain from consumer and event-driven tailwinds, improving vendor dynamics, and strong merchandising, supporting margins and long-term growth at a reasonable valuation.
Read the full thesis - Bell Global Emerging Companies FundJanuary 2026
Dick's Sporting Goods, Inc. is the largest U.S. sporting goods retailer expanding its moat via experiential retail and data monetization with further upside from integrating Foot Locker.
Read the full thesis - KNA CapitalJanuary 2026
Dick's Sporting Goods, Inc. is a dominant sporting goods retailer benefiting from supplier shifts back to wholesale, rising youth sports spending, its unique GameChanger platform, experiential stores, family stewardship, and upcoming global events at a reasonable valuation.
Read the full thesis
Read every full thesis on Dick's Sporting Goods
Read all 4 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→