DICK’S Sporting Goods (NYSE:DKS) Stock Bumped Up to “Strong-Buy” by Wolfe Research

Wolfe Research upgraded shares of DICK’S Sporting Goods (NYSE:DKS) to a strong-buy rating in a report published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities research analysts have also issued reports on the stock. DA Davidson reduced their target price on shares of DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Loop Capital reaffirmed a “hold” rating and set a $140.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, August 25th. Morgan Stanley cut their price objective on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $167.53.

DICK’S Sporting Goods Price Performance

DKS opened at $148.93 on Wednesday. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 2.69 and a beta of 1.09. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $142.16 and its 200 day moving average price is $191.66. DICK’S Sporting Goods has a 12-month low of $120.15 and a 12-month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the company earned $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. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 11.69 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.4%. DICK’S Sporting Goods’s dividend payout ratio is currently 53.71%.

Insiders Place Their Bets

In other news, insider Matthew Barnes acquired 3,665 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of $136.39 per share, with a total value of $499,869.35. Following the transaction, the insider owned 11,965 shares in the company, valued at approximately $1,631,906.35. This trade represents a 44.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta bought 7,707 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average price of $129.75 per share, with a total value of $999,983.25. Following the acquisition, the executive vice president owned 86,580 shares in the company, valued at approximately $11,233,755. This represents a 9.77% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 42,795 shares of company stock worth $5,588,641. 28.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DKS. BlackRock Inc. purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at $1,501,321,000. Bank of America Corp DE purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth $1,024,000,000. Bank of New York Mellon Corp purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth $128,943,000. Atreides Management LP purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth $85,081,000. Finally, Maverick Capital Ltd. lifted its stake in shares of DICK’S Sporting Goods by 25.3% in the 1st quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock worth $207,194,000 after acquiring an additional 210,654 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting DICK’S Sporting Goods

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

• Neutral Sentiment: Multiple firms, including Rosen Law Firm deadline notice Rosen Law Firm and Kaplan Fox deadline notice Kaplan Fox, reminded investors that November 3, 2026 is the deadline to seek lead-plaintiff status. These notices are primarily solicitations for shareholder participation and are not evidence that the allegations have been proven.
• Negative Sentiment: The underlying lawsuit alleges that DICK’S misled investors about the condition of Foot Locker after its acquisition, particularly by suggesting inventory and promotional problems had been resolved while the business allegedly remained burdened by stagnant legacy footwear. Levi and Korsinsky lawsuit notice
• Negative Sentiment: Several additional firms announced or promoted the same securities-fraud action covering investors who bought DKS shares from September 8, 2025 through August 24, 2026. If the claims advance, DICK’S could face litigation costs, management distraction, and potential damages, adding risk after the company’s recent quarterly earnings miss and lower year-over-year EPS.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods, Inc is a U.S.-based omnichannel sporting goods retailer that sells athletic apparel, footwear, sports equipment and accessories. Its merchandise serves a broad range of sports and outdoor activities, including team sports, fitness, golf, running, hunting, fishing and camping.

The company operates through its namesake DICK’S Sporting Goods stores and digital platforms, along with specialty and concept formats such as Golf Galaxy, Public Lands, House of Sport and other retail brands.