Zacks Research Has Negative Forecast for DKS Q3 Earnings

Key Points

• Zacks Research has lowered its Q3 2026 EPS estimate for DICK'S Sporting Goods from $2.89 to $2.69, with a full-year earnings consensus now at $13.89 per share.
• Recent analyst ratings suggest a generally positive outlook for DICK'S stock, with ten analysts rating it as "Buy" and a consensus target price of $235.83.
• DICK'S Sporting Goods reported Q2 earnings of $4.38 per share, which exceeded expectations, alongside revenue of $3.65 billion, marking a 5% increase year-over-year.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) - Stock analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for DICK'S Sporting Goods in a note issued to investors on Thursday, September 11th. Zacks Research analyst Team now forecasts that the sporting goods retailer will post earnings of $2.69 per share for the quarter, down from their prior forecast of $2.89. The consensus estimate for DICK'S Sporting Goods' current full-year earnings is $13.89 per share. Zacks Research also issued estimates for DICK'S Sporting Goods' Q4 2026 earnings at $3.91 EPS, FY2026 earnings at $14.35 EPS, Q1 2027 earnings at $3.56 EPS, Q2 2027 earnings at $4.60 EPS, Q3 2027 earnings at $3.04 EPS, Q4 2027 earnings at $4.10 EPS, FY2027 earnings at $15.31 EPS, Q1 2028 earnings at $3.75 EPS, Q2 2028 earnings at $4.85 EPS and FY2028 earnings at $16.29 EPS.

DKS has been the topic of a number of other reports. Bank of America lowered their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Truist Financial raised their target price on DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Oppenheimer reiterated an "outperform" rating and set a $270.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. UBS Group increased their price target on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and a consensus price target of $235.83.

DICK'S Sporting Goods Trading Down 4.1%

Shares of NYSE:DKS traded down $9.37 during trading on Friday, reaching $221.57. The stock had a trading volume of 1,850,532 shares, compared to its average volume of 2,293,027. The firm's fifty day moving average is $216.61 and its 200 day moving average is $199.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK'S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 3.17 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS.

Hedge Funds Weigh In On DICK'S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at approximately $27,000. Private Trust Co. NA boosted its position in DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in DICK'S Sporting Goods during the 2nd quarter valued at $40,000. Golden State Wealth Management LLC boosted its position in shares of DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after buying an additional 72 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Activity at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president directly owned 12,465 shares in the company, valued at $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares of the company's stock, valued at $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 over the last ninety days. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK'S Sporting Goods's payout ratio is currently 33.87%.

DICK'S Sporting Goods Company Profile

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.