Zacks Research Issues Negative Forecast for DKS Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Investment analysts at Zacks Research lowered their Q1 2029 earnings per share estimates for shares of DICK’S Sporting Goods in a research report issued on Tuesday, September 8th. Zacks Research analyst Team now expects that the sporting goods retailer will earn $3.69 per share for the quarter, down from their previous estimate of $3.82. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.73 per share. Zacks Research also issued estimates for DICK’S Sporting Goods’ Q2 2029 earnings at $4.40 EPS.

DKS has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, August 24th. Robert W. Baird decreased their price target on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Jefferies Financial Group set a $171.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, August 25th. Morgan Stanley reduced their price objective on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Finally, Truist Financial lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and decreased their target price for the company from $270.00 to $135.00 in a report on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $167.20.

DICK’S Sporting Goods Trading Down 5.0%

NYSE DKS opened at $132.15 on Wednesday. The firm has a 50 day simple moving average of $191.44 and a 200-day simple moving average of $205.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. DICK’S Sporting Goods has a one year low of $120.40 and a one year high of $244.38. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.61 and a beta of 1.11.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.74 by ($0.21). The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business’s revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DKS. Brown Advisory Inc. lifted its stake in DICK’S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after purchasing an additional 100 shares during the last quarter. Cerity Partners LLC boosted its holdings in DICK’S Sporting Goods by 54.1% in the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia purchased a new position in DICK’S Sporting Goods in the second quarter valued at approximately $417,000. Daiwa Securities Group Inc. increased its stake in DICK’S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after purchasing an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in DICK’S Sporting Goods by 4.4% during the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In other DICK’S Sporting Goods news, Director Sandeep Mathrani purchased 1,550 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $128.89 per share, for a total transaction of $199,779.50. Following the completion of the purchase, the director directly owned 11,136 shares in the company, valued at approximately $1,435,319.04. This represents a 16.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William J. Colombo purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.72 per share, with a total value of $643,600.00. Following the completion of the acquisition, the director directly owned 178,987 shares in the company, valued at $23,039,206.64. The trade was a 2.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 29,563 shares of company stock worth $3,843,882. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.8%. DICK’S Sporting Goods’s payout ratio is presently 53.71%.

DICK’S Sporting Goods News Summary

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: Unusual options activity showed investors buying 6,416 DKS call options, about 13% above the average daily volume. This may indicate that some traders expect a rebound after the recent selloff.
• Neutral Sentiment: Several law firms announced or promoted securities investigations and class actions covering investors who purchased DICK’S securities between September 8, 2025, and August 24, 2026. The announcements largely repeat the same allegations and do not establish that the company violated securities laws. Kaplan Fox investigation
• Negative Sentiment: The legal actions allege that DICK’S and certain executives may have misled investors about growth, profitability and the impact of integrating Foot Locker, particularly regarding excess inventory, increased markdowns and pressure on margins. A lead-plaintiff deadline cited in the notices is November 3, 2026. DKS inventory investigation
• Negative Sentiment: The underlying operating concerns are more significant for investors than the law-firm announcements: inventory issues and heavier discounting could reduce gross profit and earnings, while Foot Locker integration costs and execution challenges may weigh on the company’s financial outlook. DICK’S most recently reported quarterly EPS and revenue below analyst expectations, with EPS also down from the prior-year period.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.