Q3 Earnings Forecast for DKS Issued By Telsey Advisory Group

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) - Stock analysts at Telsey Advisory Group lifted their Q3 2026 earnings estimates for DICK'S Sporting Goods in a note issued to investors on Wednesday, May 28th. Telsey Advisory Group analyst J. Feldman now expects that the sporting goods retailer will post earnings of $2.90 per share for the quarter, up from their prior forecast of $2.85. Telsey Advisory Group has a "Outperform" rating and a $220.00 price objective on the stock. The consensus estimate for DICK'S Sporting Goods' current full-year earnings is $13.89 per share. Telsey Advisory Group also issued estimates for DICK'S Sporting Goods' Q4 2026 earnings at $3.90 EPS.

DKS has been the topic of a number of other reports. Robert W. Baird decreased their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered their price target on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective for the company. in a research note on Thursday, May 15th. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, DA Davidson lowered their target price on shares of DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $220.11.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $1.22 during trading on Monday, hitting $177.70. 1,173,113 shares of the company were exchanged, compared to its average volume of 1,250,351. DICK'S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a 50 day moving average of $187.29 and a 200 day moving average of $209.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a market cap of $14.19 billion, a PE ratio of 12.70, a P/E/G ratio of 2.47 and a beta of 1.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.73%. DICK'S Sporting Goods's payout ratio is 34.69%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DKS. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $1,893,210,000. Vanguard Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of DICK'S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of DICK'S Sporting Goods by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after buying an additional 77,357 shares during the period. Finally, Geode Capital Management LLC raised its holdings in DICK'S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after buying an additional 15,011 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

About DICK'S Sporting Goods

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.