DICK'S Sporting Goods (NYSE:DKS) Upgraded at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded DICK'S Sporting Goods from neutral to overweight and set a $270 price target, implying about 23.8% upside from the current share price.
• The stock has received broadly positive analyst attention overall, with several firms raising targets; MarketBeat shows a Moderate Buy consensus and an average price target of $252.78.
• Despite the upbeat ratings, DICK'S shares were down 6.4% and the latest quarter showed a small EPS miss even though revenue came in above expectations at $5.16 billion.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Thursday. The firm presently has a $270.00 price target on the sporting goods retailer's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 23.76% from the stock's current price.

DKS has been the subject of several other reports. Morgan Stanley raised their price target on DICK'S Sporting Goods from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday. Jefferies Financial Group raised their price target on DICK'S Sporting Goods from $210.00 to $224.00 and gave the company a "hold" rating in a report on Wednesday. Truist Financial set a $270.00 price target on DICK'S Sporting Goods in a report on Wednesday. Weiss Ratings raised DICK'S Sporting Goods from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company reaffirmed a "positive" rating on shares of DICK'S Sporting Goods in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.78.

DICK'S Sporting Goods Trading Down 6.4%

Shares of DKS stock opened at $218.16 on Thursday. The business's 50 day moving average is $212.20 and its two-hundred day moving average is $209.66. DICK'S Sporting Goods has a twelve month low of $170.73 and a twelve month high of $237.75. The company has a market capitalization of $19.43 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 3.31 and a beta of 1.21. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts forecast that DICK'S Sporting Goods will post 14.28 EPS for the current year.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the transaction, the chairman owned 6,549,026 shares of the company's stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares of the company's stock, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 28.91% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in DICK'S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer's stock valued at $1,493,099,000 after purchasing an additional 1,015,599 shares during the last quarter. Wellington Management Group LLP increased its stake in DICK'S Sporting Goods by 83.9% in the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer's stock valued at $1,468,176,000 after purchasing an additional 3,013,850 shares during the last quarter. Bank of America Corp DE increased its stake in DICK'S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer's stock valued at $787,980,000 after purchasing an additional 3,030,642 shares during the last quarter. State Street Corp increased its stake in DICK'S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer's stock valued at $579,226,000 after purchasing an additional 391,694 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at $509,371,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods News Summary

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

• Positive Sentiment: Q1 revenue beat estimates at $5.16 billion and comparable sales rose 6.0%, showing solid underlying demand. DICK'S Sporting Goods, Inc. Reports First Quarter Results
• Positive Sentiment: Management lifted the low end of its comparable sales outlook for both the DICK'S and Foot Locker businesses, signaling confidence in momentum heading into the rest of the year. DKS Lifts Its Comps Outlook During Q1 Earnings Call on Core Strength
• Positive Sentiment: Jefferies raised its price target to $224 from $210, implying some upside from the recent trading level, even while keeping a Hold rating. Jefferies price target update
• Positive Sentiment: The company announced a quarterly dividend of $1.25 per share, which can support investor sentiment around capital returns. Dividend announcement
• Neutral Sentiment: Foot Locker’s turnaround is gaining traction, with Fast Break remodels reportedly driving double-digit comps, but the acquisition is also adding complexity to the earnings picture. Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss
• Negative Sentiment: Adjusted EPS of $2.90 missed the $2.91 consensus estimate, and full-year GAAP EPS guidance was cut to $13.27-$14.27 from $13.70-$14.70, which is likely weighing on the stock. DICK'S Sporting Goods, Inc. Reports First Quarter Results

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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