Bank of America Has Lowered Expectations for DICK’S Sporting Goods (NYSE:DKS) Stock Price

DICK’S Sporting Goods (NYSE:DKS) had its target price lowered by analysts at Bank of America from $245.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the sporting goods retailer’s stock. Bank of America‘s price objective would suggest a potential upside of 55.68% from the stock’s previous close.

A number of other analysts have also recently commented on DKS. The Goldman Sachs Group lowered their target price on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their target price on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays reduced their target price on DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Telsey Advisory Group restated a “market perform” rating and issued a $145.00 price objective (down from $255.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Finally, Oppenheimer decreased their target price on DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. 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 Stock Up 3.3%

Shares of DKS stock traded up $4.16 during mid-day trading on Wednesday, hitting $128.47. The stock had a trading volume of 10,734,417 shares, compared to its average volume of 1,535,939. The firm has a market capitalization of $11.50 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods has a 12-month low of $120.40 and a 12-month high of $244.38. The firm’s 50-day moving average is $211.11 and its two-hundred day moving average is $210.64.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.22). The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm’s revenue was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, analysts predict that DICK’S Sporting Goods will post 14.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position in DICK’S Sporting Goods by 20,961.0% in the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock valued at $3,601,355,000 after purchasing an additional 15,802,896 shares during the period. BlackRock Inc. purchased a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $1,501,321,000. Bank of America Corp DE acquired a new position in DICK’S Sporting Goods during the second quarter worth $1,024,000,000. State Street Corp boosted its position in shares of DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after buying an additional 391,694 shares during the period. Finally, Viking Global Investors LP acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $509,371,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Trending Headlines about DICK’S Sporting Goods

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

• Positive Sentiment: DA Davidson maintained a “buy” rating and set a $205 price target, implying substantial upside from recent levels despite lowering its previous target. DA Davidson price target report
• Positive Sentiment: BTIG Research also retained a “buy” rating, with a revised $180 target, suggesting analysts see long-term value after the stock’s historic post-earnings decline. BTIG Research price target report
• Positive Sentiment: The core DICK’S business delivered 4.9% comparable-sales growth, supported by broad category strength, higher transactions and average ticket, and demand related to the 2026 FIFA World Cup. DICK’S second-quarter results
• Positive Sentiment: DICK’S maintained its quarterly dividend of $1.25 per share, supporting the stock’s income appeal following the sharp selloff.
• Neutral Sentiment: Wednesday’s trading suggested some investors may believe sellers have capitulated after the record one-day collapse, although the stock remained volatile and well below prior highs. Stock of the Day: Did the Sellers Capitulate?
• Neutral Sentiment: JPMorgan also lowered its price target to $245, reflecting broader analyst caution even as the target remains above the current share price. JPMorgan lowers DKS price target
• Negative Sentiment: Second-quarter adjusted EPS of $3.53 and revenue of $5.59 billion missed expectations, while EPS declined from $4.38 a year earlier. DICK’S earnings report
• Negative Sentiment: Management cut fiscal 2026 EPS guidance to $11–$12 from a consensus near $14.54 and lowered operating-income and comparable-sales expectations for Foot Locker.
• Negative Sentiment: Foot Locker’s pro forma comparable sales fell 3.6%, as intensified promotions and weak athletic-footwear demand pressured margins and obscured the stronger legacy DICK’S business. DICK’S core business and Foot Locker report
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations following the collapse, adding headline and litigation risk, although such announcements do not establish wrongdoing.

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.