Citigroup Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $190.00

DICK’S Sporting Goods (NYSE:DKS) had its price target lowered by research analysts at Citigroup from $280.00 to $190.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the sporting goods retailer’s stock. Citigroup’s target price would indicate a potential upside of 44.87% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Robert W. Baird cut their target price on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday. Loop Capital reiterated a “hold” rating and set a $140.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday. DA Davidson lowered their target price on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. Finally, UBS Group set a $178.00 price objective on DICK’S Sporting Goods in a report on Thursday. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Trading Up 1.1%

Shares of DKS traded up $1.49 during mid-day trading on Thursday, hitting $131.15. 5,631,129 shares of the company’s stock traded hands, compared to its average volume of 1,583,819. The company has a quick ratio of 0.38, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $11.74 billion, a P/E ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.21. The business’s 50-day moving average price is $209.22 and its 200-day moving average price is $210.11. DICK’S Sporting Goods has a 1 year low of $120.40 and a 1 year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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 business had revenue of $5.59 billion during 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%.The business’s revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods will post 11.5 EPS for the current fiscal year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in DICK’S Sporting Goods during the 1st quarter valued at about $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. SHP Wealth Management purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $38,000. Finally, Torren Management LLC purchased a new stake in DICK’S Sporting Goods during the 4th quarter valued at $41,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods News Roundup

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

• Positive Sentiment: DICK’S core legacy business grew approximately 4.9%, suggesting the company’s primary stores continue to perform relatively well despite broader athletic-apparel weakness. Jim Cramer also argued that the selloff may create a more attractive long-term entry point. DICK’S core business and Foot Locker results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, implying an annualized yield of about 4.0% based on the provided stock price. This may provide some support for income-oriented investors. DICK’S Sporting Goods dividend analysis
• Neutral Sentiment: Bank of America, DA Davidson and BTIG retained “buy” ratings while reducing their price targets. Their targets remain well above the current level, indicating potential upside if margins and Foot Locker operations recover; however, the cuts reflect increased near-term uncertainty.
• Negative Sentiment: DICK’S reported second-quarter adjusted earnings of $3.53 per share and revenue of approximately $5.59 billion, below consensus estimates of roughly $3.74–$3.78 and $5.64 billion. Management also reduced fiscal 2026 operating-income guidance, citing promotional pressure, higher costs and weakness at Foot Locker, including a 3.6% decline in pro forma comparable sales. DICK’S second-quarter earnings and lower guidance
• Negative Sentiment: Telsey Advisory Group downgraded DKS from “outperform” to “market perform” and cut its target to $145 from $255, reinforcing concerns that Foot Locker may be more difficult to turn around than expected. Multiple law firms have also announced investigations into potential securities-law violations related to the company’s prior Foot Locker outlook and subsequent guidance reduction, adding reputational and legal overhang. Telsey Advisory Group rating change

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.