DICK'S Sporting Goods (NYSE:DKS) Given New $190.00 Price Target at Citigroup

Key Points

• Citigroup cut DICK’S Sporting Goods’ price target to $190 from $280 but maintained a “buy” rating, implying roughly 45% upside from the cited closing price. The broader analyst consensus remains “Moderate Buy,” with an average target of $170.22.
• DICK’S reported quarterly EPS of $3.53 and revenue of $5.59 billion, both below analyst expectations. Management lowered its fiscal 2026 outlook amid promotional pressure, higher costs and weakness at Foot Locker.
• The stock traded near $131.15, close to its $120.40 52-week low and well below its 50- and 200-day moving averages of approximately $209–$210. Institutional investors own about 89.83% of the shares.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price objective lowered by Citigroup from $280.00 to $190.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the sporting goods retailer's stock. Citigroup's price objective indicates a potential upside of 44.87% from the company's previous close.

A number of other equities analysts have also commented on DKS. Weiss Ratings lowered shares of DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. BNP Paribas Exane reiterated an "underperform" rating and issued a $99.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday. Oppenheimer cut their price target on shares of DICK'S Sporting Goods from $270.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday. Barclays reduced their price target on shares of DICK'S Sporting Goods from $280.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, BTIG Research decreased their price target on shares of DICK'S Sporting Goods from $300.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $170.22.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $1.49 during mid-day trading on Thursday, reaching $131.15. 5,631,129 shares of the company's stock were exchanged, compared to its average volume of 1,583,819. The business's fifty day simple moving average is $209.22 and its 200 day simple moving average is $210.11. The company has a quick ratio of 0.38, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. 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 capitalization of $11.74 billion, a PE ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.21.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. DICK'S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business's revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, sell-side analysts expect that DICK'S Sporting Goods will post 11.5 earnings per share for the current year.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several institutional investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC bought a new stake in DICK'S Sporting Goods in the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at $34,000. Elyxium Wealth LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at $35,000. SHP Wealth Management bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at $38,000. Finally, Torren Management LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $41,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods News Summary

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

• Positive Sentiment: DICK'S core legacy business grew approximately 4.9%, suggesting the company’s primary stores continue to perform relatively well despite broader athletic-apparel weakness. Jim Cramer also argued that the selloff may create a more attractive long-term entry point. DICK'S core business and Foot Locker results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, implying an annualized yield of about 4.0% based on the provided stock price. This may provide some support for income-oriented investors. DICK'S Sporting Goods dividend analysis
• Neutral Sentiment: Bank of America, DA Davidson and BTIG retained “buy” ratings while reducing their price targets. Their targets remain well above the current level, indicating potential upside if margins and Foot Locker operations recover; however, the cuts reflect increased near-term uncertainty.
• Negative Sentiment: DICK'S reported second-quarter adjusted earnings of $3.53 per share and revenue of approximately $5.59 billion, below consensus estimates of roughly $3.74–$3.78 and $5.64 billion. Management also reduced fiscal 2026 operating-income guidance, citing promotional pressure, higher costs and weakness at Foot Locker, including a 3.6% decline in pro forma comparable sales. DICK'S second-quarter earnings and lower guidance
• Negative Sentiment: Telsey Advisory Group downgraded DKS from “outperform” to “market perform” and cut its target to $145 from $255, reinforcing concerns that Foot Locker may be more difficult to turn around than expected. Multiple law firms have also announced investigations into potential securities-law violations related to the company’s prior Foot Locker outlook and subsequent guidance reduction, adding reputational and legal overhang. Telsey Advisory Group rating change

DICK'S Sporting Goods Company Profile

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.

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