DICK'S Sporting Goods (NYSE:DKS) Price Target Lowered to $205.00 at DA Davidson

Key Points

• DA Davidson lowered DICK’S Sporting Goods’ price target to $205 from $260 while maintaining a “buy” rating, implying roughly 68% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” rating with an average target of $194.95.
• DICK’S reported quarterly EPS of $3.53 and revenue of $5.59 billion, both below consensus estimates. EPS fell from $4.38 a year earlier despite revenue increasing 53.2%, partly due to the Foot Locker acquisition.
• Fiscal 2026 EPS guidance was set at $11–$12, below prior expectations, as Foot Locker’s comparable sales declined 3.6% amid discounting and competition. Shares opened at $122, near their 52-week low of $121.90, while institutional investors own 89.83% of the stock.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target decreased by equities researchers at DA Davidson from $260.00 to $205.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the sporting goods retailer's stock. DA Davidson's target price would suggest a potential upside of 68.04% from the stock's previous close.

Several other research analysts have also commented on DKS. Robert W. Baird set a $150.00 target price on DICK'S Sporting Goods in a research report on Wednesday. Truist Financial set a $135.00 price objective on DICK'S Sporting Goods and gave the stock a "hold" rating in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday. The Goldman Sachs Group set a $170.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday. Finally, Jefferies Financial Group set a $171.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.95.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock opened at $122.00 on Wednesday. The firm has a market cap of $10.92 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The firm's 50-day simple moving average is $211.11 and its 200-day simple moving average is $210.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK'S Sporting Goods has a 1 year low of $121.90 and a 1 year high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts' consensus estimates of $3.75 by ($0.22). 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 return on equity of 22.22% and a net margin of 4.71%.The firm's revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the business posted $4.38 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities analysts forecast that DICK'S Sporting Goods will post 14.24 earnings per share for the current fiscal year.

Institutional Trading of DICK'S Sporting Goods

Several large investors have recently added to or reduced their stakes in DKS. Harbor Investment Advisory LLC purchased a new stake in shares of DICK'S Sporting Goods in the first quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $35,000. SHP Wealth Management bought a new stake in DICK'S Sporting Goods in the fourth quarter worth approximately $38,000. Finally, Torren Management LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $41,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods News Roundup

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

• Positive Sentiment: The core DICK'S business delivered 4.9% comparable-sales growth, supported by broad-based category performance, higher transactions and average ticket, and demand associated with the 2026 FIFA World Cup. Management maintained its core-business comparable-sales outlook at 2.5% to 4.0% growth. DICK'S Sporting Goods, Inc. Reports Second Quarter Results
• Positive Sentiment: Despite lowering estimates, BTIG Research retained a “buy” rating and set a $180 price target, while JPMorgan maintained an “overweight” rating with a $245 target. These targets imply substantial potential upside if the Foot Locker integration and industry conditions improve. Analyst Price Target Updates
• Positive Sentiment: DICK'S maintained its quarterly dividend of $1.25 per share, with a September 11 ex-dividend date and September 25 payment date, providing income support for shareholders.
• Neutral Sentiment: Some commentators, including Jim Cramer, argue that the core retail business remains healthy and that the selloff could create a longer-term opportunity, but this view depends on management stabilizing Foot Locker and restoring margins. Jim Cramer’s Advice on DICK’S Sporting Goods
• Neutral Sentiment: Unusually high call-option activity and multiple analyst reviews indicate elevated investor interest and volatility, but they do not establish a clear direction for the stock.
• Negative Sentiment: Second-quarter adjusted EPS was $3.53, below the roughly $3.75 consensus estimate, while revenue of $5.59 billion also missed expectations. EPS declined from $4.38 a year earlier, despite revenue growth partly boosted by the Foot Locker acquisition.
• Negative Sentiment: Management cut fiscal 2026 EPS guidance to $11.00–$12.00 from a level consistent with analyst expectations near $14.54. It also reduced operating-income expectations and lowered Foot Locker pro forma comparable-sales guidance to negative 2.0% to 0.0%.
• Negative Sentiment: Foot Locker’s pro forma comparable sales fell 3.6% as heavy discounting and intensified competition pressured demand and profitability. Investors are concerned that the $2.4 billion acquisition will require a longer and more costly turnaround. DICK’S Sporting Goods and Foot Locker
• Negative Sentiment: Several law firms announced investigations following the selloff. These announcements are not findings of wrongdoing, but they add headline and potential litigation risk.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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