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

DICK’S Sporting Goods (NYSE:DKS) posted its quarterly earnings results on Tuesday. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21), FiscalAI reports. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. During the same quarter last year, the firm earned $4.38 EPS. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods updated its FY 2026 guidance to 11.000-12.000 EPS.

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

• DICK’S delivered strong underlying performance, with second-quarter sales growth of 5.6% and comparable sales growth of 4.9%, outpacing the broader industry by nearly 200 basis points and supporting continued market-share gains.
• A more promotional athletic footwear and apparel environment pressured profitability, leading management to lower full-year non-GAAP EPS guidance to $11–$12 from $13.50–$14.50 and reduce expected DICK’S operating margin to 10.6%–10.9%.
• Foot Locker remained the primary weakness; pro forma comparable sales fell 3.6% in the quarter, the business posted a $31.9 million operating loss, and full-year guidance now calls for a $80 million–$40 million operating loss versus prior expectations for a profit.
• Management expects promotional pressure to persist through at least the fourth quarter, with conditions particularly difficult in EMEA due to aggressive discounting, excess inventory, cautious consumers, and geopolitical concerns; third-quarter margin pressure is expected to be the most pronounced.
• The company continues investing for long-term growth, including House of Sport and Field House expansion, GameChanger, DICK’S Media Network, ScoreCard+, trading cards and collectibles, and Foot Locker’s Fast Break stores and brand marketing; management expects more than 300–350 Fast Break locations globally by year-end and remains confident in $100 million–$125 million of Foot Locker cost synergies.

DICK’S Sporting Goods Stock Up 4.6%

DKS stock opened at $130.02 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $209.22 and a 200-day simple moving average of $210.11. The company has a market capitalization of $11.64 billion, a P/E ratio of 13.97, a PEG ratio of 1.34 and a beta of 1.21. DICK’S Sporting Goods has a twelve month low of $120.40 and a twelve month high of $244.38.

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 given 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 (DPR) is presently 47.53%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter valued at approximately $48,000. Los Angeles Capital Management LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth $49,000. Summit Securities Group LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter worth $60,000. UMB Bank n.a. lifted its stake in DICK’S Sporting Goods by 13.7% in the fourth quarter. UMB Bank n.a. now owns 721 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 87 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after acquiring an additional 55 shares during the period. 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: DICK’S legacy business grew 4.9%, indicating that its core stores continue to perform relatively well despite broader pressure in athletic footwear and apparel. The company’s quarterly dividend of $1.25 per share, equivalent to an approximately 4% annualized yield at the cited price, also provides shareholder support. DICK’S Sporting Goods’ Core Business Grows 4.9%, but Foot Locker Losses and Weak Guidance Send Shares Tumbling
• Positive Sentiment: Bank of America, DA Davidson and BTIG maintained “buy” ratings, suggesting some analysts view the selloff as excessive and see substantial recovery potential. However, all three firms sharply reduced their price targets to reflect weaker near-term fundamentals.
• Neutral Sentiment: Analyst target reductions included Bank of America to $200, DA Davidson to $205 and BTIG to $180. These targets remain above the current share price, but the cuts signal reduced confidence in the pace of recovery.
• Negative Sentiment: Second-quarter adjusted EPS of $3.53 missed consensus estimates of approximately $3.74-$3.78, while revenue of $5.59 billion fell short of the roughly $5.64 billion forecast. EPS also declined from $4.38 a year earlier. DICK’S Sporting Goods Q2 Earnings and Revenues Lag Estimates
• Negative Sentiment: Management cut fiscal 2026 EPS guidance to $11-$12 from a prior outlook near $14.54, citing promotional pressure, higher costs and weaker athleticwear demand. The Foot Locker business reported a 3.6% decline in pro forma comparable sales and forced reductions to operating-income expectations. DICK’S Sporting Shares Plunge 31% on Soft Q2 Earnings & Lower View
• Negative Sentiment: Telsey Advisory Group downgraded DKS from “strong buy” to “hold,” adding to concerns about deteriorating margins and the difficult Foot Locker integration. Several law firms have also announced investigations following the guidance reduction, creating additional headline and litigation risk. DICK’S Sporting Goods Shares Gap Down After Earnings Miss

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased 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 research report on Tuesday. UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Wednesday. Barclays cut their target price on DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial cut DICK’S Sporting Goods from a “buy” rating to a “hold” rating and reduced their target price for the company from $270.00 to $135.00 in a report on Wednesday. Finally, Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.06.

DICK’S Sporting Goods Company Profile

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.