Zacks Research Issues Pessimistic Outlook for DKS Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Investment analysts at Zacks Research decreased their Q1 2029 earnings estimates for DICK’S Sporting Goods in a research note issued to investors on Tuesday, September 8th. Zacks Research analyst Team now forecasts that the sporting goods retailer will earn $3.69 per share for the quarter, down from their previous forecast of $3.82. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.73 per share. Zacks Research also issued estimates for DICK’S Sporting Goods’ Q2 2029 earnings at $4.40 EPS.

A number of other brokerages have also recently weighed in on DKS. DA Davidson reduced their price objective on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price on the stock. in a research report on Wednesday, August 26th. Wells Fargo & Company cut their target price on shares of DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. Robert W. Baird reduced their price target on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Finally, Morgan Stanley reduced their price target on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $167.20.

DICK’S Sporting Goods Trading Down 5.0%

NYSE:DKS opened at $132.15 on Wednesday. The stock’s 50 day moving average price is $191.44 and its 200 day moving average price is $205.86. The company has a market capitalization of $11.83 billion, a PE ratio of 14.19, a P/E/G ratio of 1.61 and a beta of 1.11. 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 has a 52-week low of $120.40 and a 52-week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm posted $4.38 earnings per share. The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.8%. DICK’S Sporting Goods’s dividend payout ratio is 53.71%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Robert Eddy acquired 4,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 trade represents a 58.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Colombo acquired 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $128.72 per share, with a total value of $643,600.00. Following the purchase, the director directly owned 178,987 shares of the company’s stock, valued at approximately $23,039,206.64. This trade represents a 2.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 29,563 shares of company stock worth $3,843,882. 28.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC purchased a new position in DICK’S Sporting Goods in the 1st quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter worth $35,000. SHP Wealth Management purchased a new stake in DICK’S Sporting Goods during the fourth quarter worth $38,000. Measured Wealth Private Client Group LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at $48,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $44,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting DICK’S Sporting Goods

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

• Positive Sentiment: Unusual options activity showed investors buying 6,416 DKS call options, about 13% above the average daily volume. This may indicate that some traders expect a rebound after the recent selloff.
• Neutral Sentiment: Several law firms announced or promoted securities investigations and class actions covering investors who purchased DICK’S securities between September 8, 2025, and August 24, 2026. The announcements largely repeat the same allegations and do not establish that the company violated securities laws. Kaplan Fox investigation
• Negative Sentiment: The legal actions allege that DICK’S and certain executives may have misled investors about growth, profitability and the impact of integrating Foot Locker, particularly regarding excess inventory, increased markdowns and pressure on margins. A lead-plaintiff deadline cited in the notices is November 3, 2026. DKS inventory investigation
• Negative Sentiment: The underlying operating concerns are more significant for investors than the law-firm announcements: inventory issues and heavier discounting could reduce gross profit and earnings, while Foot Locker integration costs and execution challenges may weigh on the company’s financial outlook. DICK’S most recently reported quarterly EPS and revenue below analyst expectations, with EPS also down from the prior-year period.

About DICK’S Sporting Goods

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.