Dicks Sporting Goods (DKS) with a large open market buy this past week on 5/31 as a director bought $404k worth of shares at a price of $80.99. The first insider buy since late 2021 and the last time this same director bought was during the lows of March 2020. DKS has recently been beaten up with the rest of retail stocks as it was sold down to the 65 level before flushing out on earnings when it gapped down but rallied strong to put in a massive bullish engulfing candle on 5/25. Now the stock has consolidated and built a bull flag with potential to move back to 90 or higher. The $5.52B company trades 6.9X earnings, 0.54X sales, and 14.7X FCF with a 2.4% yield. The company operates as a sporting goods retailer primarily in the eastern United States. DKS posted impressive first quarter results in May where they beat both the top and bottom-line estimates but shares have suffered this year in the bear market, down 30% YTD and well of its former 2021 highs above 145. Analysts have an average target for shares at $117 with a Street high of $180. On 5/26, Gordon Haskett was positive on the name and upgraded to a $78 target and stating Unlike most retailers that have reported Q1 results thus far, Dick’s Q1 print was much better than expected and sees risk of material earnings miss less likely following the guidance update. Short interest is high at 22%. Hedge fund ownership lower by 7%.