BMO Capital Markets Upgrades DICK’S Sporting Goods (NYSE:DKS) to Strong Sell

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

DKS has been the topic of several other research reports. Oppenheimer decreased their target price on DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. KGI Securities downgraded DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price for the company. in a research report on Wednesday, August 26th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, September 2nd. Finally, BTIG Research lowered their price objective on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $167.20.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $133.30 on Tuesday. DICK’S Sporting Goods has a one year low of $120.40 and a one year high of $244.38. The stock has a market cap of $11.93 billion, a PE ratio of 14.32, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. The stock has a 50 day moving average price of $187.46 and a 200 day moving average price of $204.87.

DICK’S Sporting Goods (NYSE:DKS) last issued 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). The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.DICK’S Sporting Goods’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same period last year, the firm earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts expect that DICK’S Sporting Goods will post 11.7 EPS for the current fiscal year.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Mark Barrenechea acquired 17,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the acquisition, the director owned 25,977 shares of the company’s stock, valued at $3,395,713.44. The trade was a 189.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Eddy purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $128.69 per share, with a total value of $514,760.00. Following the purchase, the director owned 10,886 shares in the company, valued at $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 29,563 shares of company stock valued at $3,843,882 in the last 90 days. Company insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC raised its holdings in DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after buying an additional 51 shares during the period. Jacobi Capital Management LLC lifted its position in DICK’S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after buying an additional 51 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in DICK’S Sporting Goods by 2.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock worth $453,000 after buying an additional 54 shares during the period. Parallel Advisors LLC boosted its stake in 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 worth $194,000 after buying an additional 55 shares during the period. Finally, PCB Capital LLC increased its position in shares of DICK’S Sporting Goods by 1.5% during the first quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after acquiring an additional 55 shares during 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: 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.

DICK’S Sporting Goods Company Profile

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.