Zacks Research Has Negative Forecast for DKS Q3 Earnings

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) - Equities researchers at Zacks Research dropped their Q3 2026 earnings estimates for shares of DICK'S Sporting Goods in a note issued to investors on Wednesday, June 11th. Zacks Research analyst R. Department now anticipates that the sporting goods retailer will post earnings of $2.89 per share for the quarter, down from their prior estimate of $2.97. 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' FY2026 earnings at $14.39 EPS and Q2 2027 earnings at $4.56 EPS.

A number of other analysts also recently issued reports on DKS. UBS Group decreased their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. cut their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a report on Thursday, May 15th. Finally, Robert W. Baird cut their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $220.11.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded down $0.71 during mid-day trading on Monday, reaching $174.13. The company had a trading volume of 1,446,746 shares, compared to its average volume of 1,260,914. DICK'S Sporting Goods has a one year low of $166.37 and a one year high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $184.01 and its 200-day moving average price is $207.51. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.49 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently made changes to their positions in DKS. Oder Investment Management LLC boosted its holdings in DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after acquiring an additional 51 shares during the period. Independent Advisor Alliance lifted its position in DICK'S Sporting Goods by 5.4% in the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after purchasing an additional 53 shares during the last quarter. US Bancorp DE boosted its stake in shares of DICK'S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after purchasing an additional 53 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of DICK'S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after purchasing an additional 54 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 5.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods declared that its Board of Directors has approved a stock 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 repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.79%. DICK'S Sporting Goods's payout ratio is currently 34.69%.

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.