Wedbush Issues Pessimistic Outlook for DKS Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Research analysts at Wedbush decreased their Q1 2026 earnings estimates for DICK’S Sporting Goods in a note issued to 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 prior 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.

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

Several other equities analysts also recently issued reports on the stock. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Citigroup restated a “neutral” rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Finally, Stifel Nicolaus cut their price objective on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.50.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $193.39 on Monday. DICK’S Sporting Goods has a one year low of $182.84 and a one year high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $15.76 billion, a PE ratio of 13.82, a P/E/G ratio of 2.47 and a beta of 1.53. The company has a 50-day simple moving average of $227.28 and a two-hundred day simple moving average of $217.45.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.51%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

DICK’S Sporting Goods declared that its board has authorized a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 in the last three months. 32.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DKS. Assetmark Inc. increased its stake in shares of DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock worth $382,000 after acquiring an additional 314 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of DICK’S Sporting Goods by 12.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,056 shares of the sporting goods retailer’s stock worth $29,856,000 after acquiring an additional 15,591 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of DICK’S Sporting Goods by 99.1% in the 3rd quarter. Victory Capital Management Inc. now owns 124,119 shares of the sporting goods retailer’s stock worth $25,904,000 after acquiring an additional 61,767 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of DICK’S Sporting Goods by 32.8% during the 3rd quarter. Empowered Funds LLC now owns 27,784 shares of the sporting goods retailer’s stock worth $5,799,000 after purchasing an additional 6,865 shares during the period. 89.83% of the stock is 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.