DICK’S Sporting Goods (NYSE:DKS) Upgraded by BMO Capital Markets to “Strong Sell” Rating

DICK’S Sporting Goods (NYSE:DKS) was upgraded by equities research analysts at BMO Capital Markets to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on DKS. Robert W. Baird dropped their price target on DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. The Goldman Sachs Group decreased their price objective on DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Zacks Research lowered shares of DICK’S Sporting Goods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Loop Capital restated a “hold” rating and set a $140.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, August 25th. Finally, Truist Financial cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and cut their target price for the company from $270.00 to $135.00 in a report on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.20.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $133.30 on Tuesday. The company has a fifty day moving average of $187.46 and a two-hundred day moving average of $204.87. The company has a market capitalization of $11.93 billion, a PE ratio of 14.32, a P/E/G ratio of 1.55 and a beta of 1.11. DICK’S Sporting Goods has a 1 year low of $120.40 and a 1 year high of $244.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 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 firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $4.38 EPS. 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, analysts expect that DICK’S Sporting Goods will post 11.7 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mark J. Barrenechea purchased 17,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $130.72 per share, for a total transaction of $2,222,240.00. Following the completion of the purchase, the director directly owned 25,977 shares of the company’s stock, valued at $3,395,713.44. This trade represents a 189.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Eddy purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $128.69 per share, with a total value of $514,760.00. Following the completion of the acquisition, the director 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 SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 29,563 shares of company stock valued at $3,843,882. Company insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Harbor Investment Advisory LLC acquired a new position in shares of DICK’S Sporting Goods during the first quarter worth about $30,000. Elyxium Wealth LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at about $35,000. SHP Wealth Management purchased a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $38,000. Fideuram Asset Management Ireland dac purchased a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $44,000. Finally, Clearstead Advisors LLC boosted its holdings in DICK’S Sporting Goods by 68.8% in the 4th quarter. Clearstead Advisors LLC now owns 243 shares of the sporting goods retailer’s stock valued at $48,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods News Summary

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

• Positive Sentiment: Traders purchased a large volume of DKS call options, indicating some investors are positioning for a potential rebound despite the recent weakness. Stock Traders Purchase Large Volume of DICK’S Sporting Goods Call Options
• Neutral Sentiment: Several law firms reminded shareholders that November 3, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who purchased DKS shares between September 8, 2025 and August 24, 2026. These notices repeat the same lawsuit and do not represent new operating developments. ROSEN securities class action notice
• Negative Sentiment: The securities lawsuit alleges that DICK’S and certain executives violated federal securities laws in connection with statements about the Foot Locker integration. Investor alerts say the case followed an August guidance cut that was associated with a reported $55.02-per-share decline. The allegations have not been proven, but the litigation creates legal, reputational and potential financial risks. DKS shareholder alert and class action details
• Negative Sentiment: Zacks Research lowered its EPS forecasts across fiscal 2027 through fiscal 2029, including fiscal 2027 EPS from $14.10 to $11.49 and fiscal 2028 EPS from $16.26 to $13.43. Zacks maintains a “Strong Sell” rating, reinforcing concerns about DICK’S longer-term earnings outlook.
• Negative Sentiment: The pressure follows DICK’S latest quarterly results, which missed analysts’ EPS and revenue expectations, while quarterly EPS declined year over year despite revenue growth driven partly by the Foot Locker acquisition.

About DICK’S Sporting Goods

DICK’S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK’S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.