Wedbush Equities Analysts Reduce Earnings Estimates for DKS

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) - Equities researchers at Wedbush dropped their Q1 2026 earnings estimates for DICK'S Sporting Goods in a research report issued to clients and investors on Wednesday, March 12th. Wedbush analyst S. Basham now forecasts that the sporting goods retailer will post earnings of $3.22 per share for the quarter, down from their previous estimate of $3.34. Wedbush has a "Neutral" rating and a $215.00 price objective on the stock. The consensus estimate for DICK'S Sporting Goods' current full-year earnings is $13.89 per share. Wedbush also issued estimates for DICK'S Sporting Goods' Q2 2026 earnings at $4.36 EPS, Q4 2026 earnings at $3.80 EPS, FY2026 earnings at $14.42 EPS and FY2027 earnings at $15.55 EPS.

Several other analysts also recently issued reports on DKS. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Argus lifted their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. DA Davidson lowered their target price on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Loop Capital lowered their target price on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup reaffirmed a "neutral" rating and set a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $245.50.

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DICK'S Sporting Goods Trading Down 3.0 %

NYSE DKS traded down $6.04 on Monday, hitting $192.08. 746,233 shares of the company were exchanged, compared to its average volume of 1,081,382. The company's 50 day moving average price is $226.60 and its 200-day moving average price is $217.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $15.65 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods has a twelve month low of $182.84 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.85 EPS.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $1.2125 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's payout ratio is 34.54%.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DKS. Brooklyn Investment Group acquired a new position in shares of DICK'S Sporting Goods in the third quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $28,000. Ancora Advisors LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $28,000. Finally, Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $30,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Company Profile

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.