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Dick's Sporting Goods
(NYSE:DKS)
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Rating:60Neutral
Price Target:
$232.00
▲(3.41% Upside)
Action:Reiterated
Date:06/13/26
DKS scores as moderately attractive: guidance and demand commentary from the latest call are constructive, and the stock trend is mildly positive. Offsetting these positives, the fundamentals are pressured by margin compression and, most importantly, deteriorating free cash flow (negative TTM) alongside meaningful leverage, while valuation is not especially cheap at ~21.6x earnings.
Positive Factors
Scale and multi-year revenue growth
Multi-year revenue growth to $17.2B demonstrates durable scale across banners and channels. Larger scale supports purchasing leverage, fixed-cost absorption, broader product assortments and continued investments in omnichannel capabilities, strengthening competitive positioning over the medium term.
Negative Factors
Margin compression
A ~328bp drop in gross margin reflects adverse banner mix and integration-related cost pressure. Sustained lower gross margins reduce operating leverage and make it harder to fund strategic initiatives or shareholder returns without sustained top-line strength, slowing recovery of profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale and multi-year revenue growth
Multi-year revenue growth to $17.2B demonstrates durable scale across banners and channels. Larger scale supports purchasing leverage, fixed-cost absorption, broader product assortments and continued investments in omnichannel capabilities, strengthening competitive positioning over the medium term.
Read all positive factors
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 (DKS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.50B
Dividend Yield2.33%
Average Volume (3M)1.28M
Price to Earnings (P/E)20.8
Beta (1Y)1.30
Revenue Growth41.22%
EPS Growth-25.28%
CountryUS
Employees31,600
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)10.75
Shares Outstanding65,931,910
10 Day Avg. Volume1,107,288
30 Day Avg. Volume1,275,708
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 Cap1.27
Enterprise Value/Revenue1.35
Enterprise Value/Gross Profit4.20
Enterprise Value/Ebitda15.31
Forecast
1Y Price Target
$259.93Price Target Upside15.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)14.32
Revenue Forecast (FY)$22.34B
Dick's Sporting Goods Business Overview & Revenue Model
Company Description
DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and fish...
How the Company Makes Money
Dick’s Sporting Goods primarily makes money by retailing sporting goods merchandise to consumers. Its core revenue stream is net sales generated from (1) in-store purchases across its Dick’s Sporting Goods locations and specialty concepts (e.g., G...
Dick's Sporting Goods Earnings Call Summary
Earnings Call Date:May 27, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 25, 2026
Earnings Call Sentiment Positive
The call presents a constructive growth story anchored by very strong DICK'S comp performance, meaningful incremental sales from the Foot Locker acquisition (+62.7% consolidated sales growth) and encouraging early turnaround signals at Foot Locker (U.S. banner comps +6.4%, Fast Break stores comping double‑digits). Management raised comp guidance for both banners and maintained full‑year non‑GAAP EPS guidance while investing in long‑term initiatives (House of Sport, Fast Break, GameChanger, Coach IDEXX, DICK'S Media Network). At the same time, the company faces significant near‑term margin and expense headwinds from acquisition mix, integration charges, higher SG&A, a higher tax rate, and Q2‑weighted investments that compress consolidated margins and lowered non‑GAAP EPS versus last year. Overall, progress on strategic initiatives and upgraded comp guidance are offset partially by short‑term profitability and integration pressures.Positive Updates
Large Consolidated Sales Increase Driven by Foot Locker Acquisition
Consolidated net sales increased 62.7% to $5.16 billion in Q1 2026, driven by a $1.79 billion contribution from the Foot Locker business and a 6% comp increase in the DICK'S business.
Negative Updates
Consolidated Margin Compression
Consolidated non‑GAAP gross profit margin declined 328 basis points year‑over‑year to 33.42% of net sales, driven primarily by mix impact from the addition of the Foot Locker business.
Read all updates
Q1-2026 Updates
Positive
Negative
Large Consolidated Sales Increase Driven by Foot Locker Acquisition
Consolidated net sales increased 62.7% to $5.16 billion in Q1 2026, driven by a $1.79 billion contribution from the Foot Locker business and a 6% comp increase in the DICK'S business.
Read all positive updates
Company Guidance
The company raised its full-year outlook: DICK'S now expects comparable sales of 2.5%–4.0% (up from 2%–4%), with ~ $90M of preopening expense, a high‑end non‑GAAP operating margin of ~11.4% (≈30 bps expansion at the high end) and stronger comps in H1 with margin deleverage in H1 then expansion in H2; Foot Locker pro forma comps are now guided to 1.5%–3.0% (vs. 1%–3%) with Foot Locker operating income of $110M–$150M (raised from $100M–$150M) and both comps and operating income expected to be back‑half weighted. At the consolidated level, non‑GAAP EPS remains $13.50–$14.50 based on ~90.5M average diluted shares (includes 9.6M Foot Locker shares), a full‑year effective tax rate of ~27% (≈150 bps higher than prior, costing ≈$0.25 of EPS), net CapEx of ~ $1.4B split roughly 70/30 (≈$1.0B DICK'S / $400M Foot Locker), remaining 2026 pretax integration charges of ~ $200M (total $500M–$750M; $390M recognized in 2025) and expected medium‑term synergies of $100M–$125M.Dick's Sporting Goods Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.20B | 17.22B | 13.44B | 12.98B | 12.37B | 12.29B |
| Gross Profit | 6.19B | 5.67B | 4.83B | 4.53B | 4.28B | 4.71B |
| EBITDA | 1.70B | 1.69B | 1.97B | 1.77B | 1.84B | 2.37B |
| Net Income | 904.77M | 849.24M | 1.17B | 1.05B | 1.04B | 1.52B |
Balance Sheet | ||||||
| Total Assets | 17.83B | 17.41B | 10.46B | 9.31B | 8.99B | 9.04B |
| Cash, Cash Equivalents and Short-Term Investments | 998.23M | 1.35B | 1.69B | 1.80B | 1.92B | 2.64B |
| Total Debt | 7.79B | 7.75B | 4.49B | 4.26B | 4.21B | 4.51B |
| Total Liabilities | 12.23B | 11.87B | 7.26B | 6.69B | 6.47B | 6.94B |
| Stockholders Equity | 5.60B | 5.54B | 3.20B | 2.62B | 2.52B | 2.10B |
Cash Flow | ||||||
| Free Cash Flow | 607.10M | 481.58M | 509.27M | 939.91M | 557.81M | 1.31B |
| Operating Cash Flow | 1.84B | 1.62B | 1.31B | 1.53B | 921.88M | 1.62B |
| Investing Cash Flow | -1.03B | -1.05B | -796.56M | -614.68M | -392.89M | -343.98M |
| Financing Cash Flow | -846.41M | -902.72M | -626.13M | -1.04B | -1.25B | -287.72M |
Dick's Sporting Goods Technical Analysis
Neutral
224.36
Price Trends
223.24
Negative
212.37
Positive
212.54
Positive
Market Momentum
2.61
Positive
46.76
Neutral
28.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DKS, the sentiment is Neutral. The current price of 224.36 is below the 20-day moving average (MA) of 227.88, above the 50-day MA of 223.24, and above the 200-day MA of 212.54, indicating a neutral trend. The MACD of 2.61 indicates Positive momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 28.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $16.44B | 14.55 | 40.05% | 5.46% | 0.99% | 31.91% | |
65 Neutral | $2.91B | 7.83 | 18.01% | 1.04% | 3.77% | 4.71% | |
63 Neutral | $4.42B | 5.94 | -52.38% | 4.16% | -1.40% | -4.34% | |
62 Neutral | $8.72B | 44.11 | 44.82% | ― | 6.14% | -32.48% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $20.50B | 20.76 | 18.08% | 2.33% | 41.22% | -25.28% | |
46 Neutral | $50.34M | -0.98 | -26.17% | ― | 1.14% | -37.68% |
* Consumer Cyclical Sector Average
DKS
Dick's Sporting Goods
223.13
17.60
8.56%
BBY
Best Buy Co
78.72
10.09
14.70%
BBWI
Bath & Body Works
20.62
-11.07
-34.93%
SPWH
Sportsman's Warehouse
1.28
-2.39
-65.12%
CHWY
Chewy
20.73
-18.22
-46.78%
ASO
Academy Sports and Outdoors
45.40
-4.24
-8.55%
Dick's Sporting Goods Corporate Events
Executive/Board ChangesShareholder Meetings
Shareholders Reelect Board and Approve Executive Pay
Positive
Jun 12, 2026
At its annual meeting of stockholders held on June 10, 2026, DICK’S Sporting Goods, Inc. shareholders elected all eleven board nominees to terms expiring in 2027, reinforcing continuity in the company’s leadership. Investors also appro...
Business Operations and StrategyDividendsFinancial Disclosures
Dick’s Sporting Goods Declares Quarterly Dividend Amid Growth
Positive
May 27, 2026
On May 26, 2026, Dick’s Sporting Goods‘ board declared a quarterly cash dividend of $1.25 per share on its common and Class B shares, payable June 26, 2026 to shareholders of record as of June 12, 2026. The move underscores continued c...
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.