Wedbush Predicts Stronger Earnings for DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Analysts at Wedbush lifted their Q3 2026 earnings per share estimates for DICK’S Sporting Goods in a report released on Wednesday, March 12th. Wedbush analyst S. Basham now anticipates that the sporting goods retailer will post earnings per share of $3.04 for the quarter, up from their prior estimate of $2.89. Wedbush currently has a “Neutral” rating and a $215.00 target price 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’ FY2028 earnings at $16.83 EPS.

A number of other research analysts also recently commented on the company. Stifel Nicolaus dropped their price target on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday. Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Argus boosted their price target 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. Finally, Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $245.50.

DICK’S Sporting Goods Stock Up 4.4 %

DKS stock opened at $194.74 on Friday. The company has a market cap of $15.87 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The business has a 50-day simple moving average of $228.59 and a 200 day simple moving average of $218.14. DICK’S Sporting Goods has a 52 week low of $182.84 and a 52 week high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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

Institutional Trading of DICK’S Sporting Goods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marion Wealth Management acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $545,000. Strategy Asset Managers LLC acquired a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $4,325,000. Argus Investors Counsel Inc. acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $257,000. Landscape Capital Management L.L.C. increased its position in DICK’S Sporting Goods by 402.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after purchasing an additional 12,293 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in DICK’S Sporting Goods by 78.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock valued at $2,631,000 after purchasing an additional 5,046 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

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

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.49%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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

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.