Dick's Sporting Goods (DKS)
NYSE:DKS
Top Page
Dick's Sporting Goods
(NYSE:DKS)
Select Model
Select Model
Rating:64Neutral
Price Target:
$209.00
▼(-0.75% Downside)
Action:ReiteratedDate:03/12/26
The score is supported primarily by solid underlying fundamentals and a constructive earnings outlook with clear growth/turnaround initiatives, but it is held back by weak technical momentum and a demanding valuation. Leverage and uneven recent cash conversion add further caution.
Positive Factors
Durable core profitability and margins
DICK’S Business has sustained high retail profitability with gross margins in the mid-30s and non‑GAAP operating margin ~11%. Such persistent margin structure supports stable cash generation and operational resilience across cycles, enabling reinvestment in stores, digital and new concepts.
Negative Factors
Elevated leverage and financial risk
Debt levels remain material for a retailer, keeping financial flexibility constrained. Elevated leverage magnifies downturns, raises interest burden risk as rates change, and limits capacity for opportunistic investments or share returns, making capital allocation more sensitive to cash generation variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable core profitability and margins
DICK’S Business has sustained high retail profitability with gross margins in the mid-30s and non‑GAAP operating margin ~11%. Such persistent margin structure supports stable cash generation and operational resilience across cycles, enabling reinvestment in stores, digital and new concepts.
Read all positive factors
Dick's Sporting Goods (DKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.92B
Dividend Yield2.33%
Average Volume (3M)1.29M
Price to Earnings (P/E)35.0
Beta (1Y)1.27
Revenue Growth10.86%
EPS Growth-11.63%
CountryUS
Employees18,600
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)3.45
Shares Outstanding65,474,240
10 Day Avg. Volume1,245,754
30 Day Avg. Volume1,293,129
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)3.03
Price to Sales (P/S)0.98
P/FCF Ratio34.87
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit4.30
Enterprise Value/Ebitda17.08
Forecast
1Y Price Target
$242.20Price Target Upside15.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)14.3
Revenue Forecast (FY)$22.30B
Dick's Sporting Goods Business Overview & Revenue Model
Company Description
DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and h...
How the Company Makes Money
DKS primarily makes money by selling products to consumers through its retail stores and online channels. Its core revenue stream is merchandise sales across major categories including athletic apparel, athletic footwear, and sporting goods/equipm...
Dick's Sporting Goods Key Performance Indicators (KPIs)
Any
Store Count Breakdown
Details the number and types of stores, providing insight into the company's market presence, expansion strategy, and potential for reaching new customers.
Details the number and types of stores, providing insight into the company's market presence, expansion strategy, and potential for reaching new customers.
Data provided by:
The Fly
The FlyDick's Sporting Goods Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call conveyed strong and sustained operational momentum at the DICK'S business—record sales, comp growth, margin expansion, and EPS outperformance—alongside promising early results from the Foot Locker Fast Break pilot and a clear plan to scale. At the consolidated level, near-term dilution to margins and earnings from acquisition-related charges, inventory optimization costs, and Foot Locker's transitional performance were acknowledged. Management provided a constructive 2026 outlook and emphasized that the Foot Locker inventory cleanup is complete and that material turnaround actions (Fast Break scale, store repositioning, synergies) are expected to drive improvement, particularly in the back half of 2026.Positive Updates
Record DICK'S Business Sales and Comps
DICK'S business delivered record full-year sales of $14.1B; full-year comparable sales increased 4.5% and Q4 comps increased 3.1% (two-year comp ~9.7%, three-year comp 12.3%).
Negative Updates
Foot Locker Near-Term Drag on Consolidated Margins and Profit
Partial-year Foot Locker results included a $52.2M operating loss for the year and a $5.9M operating loss in Q4; Foot Locker pro forma comps were down 3.4% in Q4, creating a near-term negative mix impact.
Read all updates
Q4-2025 Updates
Positive
Negative
Record DICK'S Business Sales and Comps
DICK'S business delivered record full-year sales of $14.1B; full-year comparable sales increased 4.5% and Q4 comps increased 3.1% (two-year comp ~9.7%, three-year comp 12.3%).
Read all positive updates
Company Guidance
The company guided 2026 with detailed targets across both businesses: for the DICK’S segment it expects total sales of $14.5B–$14.7B with comp growth of 2%–4% (midpoint implying a ~7.5% two‑year stack), operating margin of roughly 11.1% at the midpoint (up to ~10 bps non‑GAAP expansion at the high end), and ~ $90M of preopening expense, while opening ~14 House of Sport and ~22 Fieldhouse stores (plus starting construction on ~18 additional House of Sport sites for 2027); for Foot Locker it expects full‑year sales of $7.6B–$7.7B, pro‑forma comps of 1%–3%, operating income of $100M–$150M (back‑half weighted) and plans to scale ~250 Fast Break stores by back‑to‑school; consolidated guidance is non‑GAAP operating income of $1.68B–$1.81B and EPS of $13.50–$14.50 (on ~91M diluted shares), with a ~25.5% effective tax rate, ~$70M interest expense, $20M–$25M interest income, ~ $1.5B net capex, recognition of $390M of integration pretax charges in 2025 with roughly $150M remaining in 2026 (excluded from non‑GAAP EPS), and medium‑term cost synergies of $100M–$125M expected to begin flowing in 2026.Dick's Sporting Goods Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.22B | 13.44B | 12.98B | 12.37B | 12.29B |
| Gross Profit | 5.67B | 4.83B | 4.53B | 4.28B | 4.71B |
| EBITDA | 1.82B | 1.97B | 1.77B | 1.84B | 2.37B |
| Net Income | 849.24M | 1.17B | 1.05B | 1.04B | 1.52B |
Balance Sheet | |||||
| Total Assets | 17.41B | 10.46B | 9.31B | 8.99B | 9.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 1.69B | 1.80B | 1.92B | 2.64B |
| Total Debt | 7.75B | 4.49B | 4.26B | 4.21B | 4.51B |
| Total Liabilities | 11.87B | 7.26B | 6.69B | 6.47B | 6.94B |
| Stockholders Equity | 5.54B | 3.20B | 2.62B | 2.52B | 2.10B |
Cash Flow | |||||
| Free Cash Flow | 481.58M | 509.27M | 939.91M | 557.81M | 1.31B |
| Operating Cash Flow | 1.62B | 1.31B | 1.53B | 921.88M | 1.62B |
| Investing Cash Flow | -1.05B | -796.56M | -614.68M | -392.89M | -343.98M |
| Financing Cash Flow | -902.72M | -626.13M | -1.04B | -1.25B | -287.72M |
Dick's Sporting Goods Technical Analysis
Positive
210.57
Price Trends
199.36
Positive
204.13
Positive
210.14
Positive
Market Momentum
3.00
Negative
64.07
Neutral
90.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DKS, the sentiment is Positive. The current price of 210.57 is above the 20-day moving average (MA) of 195.78, above the 50-day MA of 199.36, and above the 200-day MA of 210.14, indicating a bullish trend. The MACD of 3.00 indicates Negative momentum. The RSI at 64.07 is Neutral, neither overbought nor oversold. The STOCH value of 90.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DKS.
Dick's Sporting Goods Risk Analysis
Dick's Sporting Goods disclosed 32 risk factors in its most recent earnings report. Dick's Sporting Goods reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dick's Sporting Goods Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $3.63B | 9.73 | 18.07% | 1.04% | -0.65% | -10.35% | |
64 Neutral | $18.92B | 35.01 | 19.45% | 2.33% | 10.86% | -11.63% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $3.64B | 7.11 | -44.22% | 4.16% | -1.04% | -20.88% | |
56 Neutral | $10.50B | 52.77 | 51.43% | ― | 9.80% | -46.84% | |
51 Neutral | $13.04B | 12.85 | 38.54% | 5.46% | -0.95% | -48.28% | |
46 Neutral | $57.43M | -0.61 | -24.36% | ― | -1.05% | -10.28% |
* Consumer Cyclical Sector Average
DKS
Dick's Sporting Goods
216.24
36.32
20.19%
BBY
Best Buy Co
62.06
4.18
7.23%
BBWI
Bath & Body Works
18.30
-8.37
-31.38%
SPWH
Sportsman's Warehouse
1.58
0.09
6.04%
CHWY
Chewy
25.89
-9.12
-26.05%
ASO
Academy Sports and Outdoors
57.14
20.77
57.09%
Dick's Sporting Goods Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Dick’s Sporting Goods Boosts Dividend After Record Results
Positive
Mar 12, 2026
Dick’s Sporting Goods reported record fourth-quarter 2025 sales for the DICK’S Business and full-year comparable sales growth of 4.5%, driven by higher average ticket and transactions, with non-GAAP EPS for the DICK’S Business ri...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.