DICK’S Sporting Goods (NYSE:DKS) Posts Earnings Results

DICK’S Sporting Goods (NYSE:DKS) announced its quarterly earnings results on Wednesday. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01), FiscalAI reports. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The business’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.37 EPS. DICK’S Sporting Goods updated its FY 2026 guidance to 13.500-14.500 EPS.

Here are the key takeaways from DICK’S Sporting Goods’ conference call:

• DICK’S Sporting Goods delivered a strong 6% comparable sales increase in its core business, with broad-based growth across footwear, apparel, and hardlines and no sign of consumer trade-down.
• The company raised its full-year outlook for both businesses, now expecting DICK’S comp growth of 2.5%-4% and Foot Locker pro forma comp growth of 1.5%-3%.
• Foot Locker showed early turnaround progress, including slightly positive global comps, a 6.4% comp at U.S. Foot Locker, and better merchandise margin, leading management to increase the low end of its Foot Locker comp guidance.
• The FastBreak store refresh initiative is gaining traction, with about 100 stores already converted and plans to reach roughly 250 by back-to-school; these locations delivered double-digit comps in Q1 and improved margins.
• Management said higher expenses tied to World Cup marketing, store openings, and Foot Locker integration will pressure margins in the first half, but they still expect full-year operating leverage and reaffirmed EPS guidance of $13.50-$14.50.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $227.66 on Monday. The company has a market cap of $20.27 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.98 and a beta of 1.20. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods has a 52-week low of $170.73 and a 52-week high of $237.75. The firm’s fifty day moving average is $213.66 and its 200 day moving average is $209.77.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DKS. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $270.00 in a research report on Thursday. Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.89.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently made changes to their positions in the company. State Street Corp raised its position in shares of DICK’S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after buying an additional 391,694 shares during the last quarter. Viking Global Investors LP purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $509,371,000. Atreides Management LP acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. Maverick Capital Ltd. boosted its holdings in shares of DICK’S Sporting Goods by 56.5% during the 4th quarter. Maverick Capital Ltd. now owns 834,249 shares of the sporting goods retailer’s stock worth $165,156,000 after purchasing an additional 301,249 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of DICK’S Sporting Goods by 11.7% in the fourth quarter. Raymond James Financial Inc. now owns 717,732 shares of the sporting goods retailer’s stock valued at $142,373,000 after purchasing an additional 75,140 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Key Stories Impacting DICK’S Sporting Goods

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

• Positive Sentiment: JPMorgan upgraded DICK’S Sporting Goods to overweight and raised its price target to $270, citing confidence in the company’s strategy and growth outlook. Tickerreport.com
• Positive Sentiment: BTIG reiterated a buy rating and set a $300 price target, signaling continued optimism about DKS’s growth, cash flow and capital return potential. Benzinga
• Positive Sentiment: DA Davidson also reaffirmed a buy rating with a $260 target, adding to the bullish analyst sentiment around the stock. Benzinga
• Positive Sentiment: Company updates pointed to strong comparable sales growth, with core sales up 6% and Foot Locker’s Fast Break remodels reportedly delivering double-digit comps. Zacks
• Positive Sentiment: DICK’S reported its first positive sales at Foot Locker in nearly three years, suggesting the turnaround effort is beginning to work. Yahoo Finance
• Neutral Sentiment: The company announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but likely not the main driver of the stock move. Benzinga
• Negative Sentiment: Management trimmed its profit outlook, indicating margin pressure tied to the Foot Locker overhaul and integration costs. MSN
• Negative Sentiment: One note highlighted that the stock can still face near-term risk because the Foot Locker strategy may pressure margins before benefits fully show up. Yahoo Finance

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.