DICK'S Sporting Goods (NYSE:DKS) Upgraded to "Strong-Buy" at Wolfe Research

Key Points

• Wolfe Research upgraded DICK'S Sporting Goods to “strong buy,” though broader analyst sentiment remains “hold,” with an average price target of $167.53.
• DICK'S opened at $148.93, well below its 12-month high of $244.38. Its latest quarterly results missed expectations, with EPS of $3.53 versus the $3.74 consensus and revenue of $5.59 billion versus $5.64 billion expected.
• Insiders have been buying shares, purchasing 42,795 shares valued at approximately $5.6 million over the past 90 days; institutional investors own 89.83% of the company.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was upgraded by equities researchers at Wolfe Research to a "strong-buy" rating in a note issued to investors on Wednesday, Zacks reports.

A number of other research analysts have also commented on DKS. Robert W. Baird lowered DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $150.00 price objective on the stock. in a report on Monday, September 14th. Zacks Research downgraded DICK'S Sporting Goods from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 1st. Telsey Advisory Group reissued a "market perform" rating and issued a $145.00 target price (down from $255.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, August 26th. Oppenheimer decreased their price target on shares of DICK'S Sporting Goods from $270.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 26th. Finally, KGI Securities downgraded shares of DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $135.10 price target on the stock. in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and an average price target of $167.53.

DICK'S Sporting Goods Price Performance

Shares of DKS opened at $148.93 on Wednesday. The stock has a market capitalization of $13.24 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.69 and a beta of 1.09. DICK'S Sporting Goods has a twelve month low of $120.15 and a twelve month high of $244.38. The company has a 50 day moving average of $142.16 and a 200-day moving average of $191.66. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.74 by ($0.21). The company had revenue of $5.59 billion for 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 quarter in the previous year, the company posted $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, equities research analysts forecast that DICK'S Sporting Goods will post 11.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Matthew Barnes acquired 3,665 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $136.39 per share, for a total transaction of $499,869.35. Following the completion of the purchase, the insider directly owned 11,965 shares of the company's stock, valued at approximately $1,631,906.35. This represents a 44.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Eddy acquired 4,000 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the completion of the purchase, the director directly owned 10,886 shares of the company's stock, valued at approximately $1,400,919.34. This represents a 58.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 42,795 shares of company stock valued at $5,588,641 in the last ninety days. Insiders own 28.91% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DKS. Harbor Investment Advisory LLC acquired a new stake in shares of DICK'S Sporting Goods during the first quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in shares of DICK'S Sporting Goods by 34.3% during the third quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer's stock worth $45,000 after purchasing an additional 85 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods during the second quarter worth about $83,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of DICK'S Sporting Goods in the second quarter valued at approximately $91,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of DICK'S Sporting Goods in the second quarter valued at approximately $100,000. Institutional investors own 89.83% of the company's stock.

Trending Headlines about DICK'S Sporting Goods

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

• Neutral Sentiment: Multiple firms, including Rosen Law Firm deadline notice Rosen Law Firm and Kaplan Fox deadline notice Kaplan Fox, reminded investors that November 3, 2026 is the deadline to seek lead-plaintiff status. These notices are primarily solicitations for shareholder participation and are not evidence that the allegations have been proven.
• Negative Sentiment: The underlying lawsuit alleges that DICK'S misled investors about the condition of Foot Locker after its acquisition, particularly by suggesting inventory and promotional problems had been resolved while the business allegedly remained burdened by stagnant legacy footwear. Levi and Korsinsky lawsuit notice
• Negative Sentiment: Several additional firms announced or promoted the same securities-fraud action covering investors who bought DKS shares from September 8, 2025 through August 24, 2026. If the claims advance, DICK'S could face litigation costs, management distraction, and potential damages, adding risk after the company’s recent quarterly earnings miss and lower year-over-year EPS.

About DICK'S Sporting Goods

DICK'S Sporting Goods, Inc is a U.S.-based omnichannel sporting goods retailer that sells athletic apparel, footwear, sports equipment and accessories. Its merchandise serves a broad range of sports and outdoor activities, including team sports, fitness, golf, running, hunting, fishing and camping.

The company operates through its namesake DICK'S Sporting Goods stores and digital platforms, along with specialty and concept formats such as Golf Galaxy, Public Lands, House of Sport and other retail brands.

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