DICK’S Sporting Goods (NYSE:DKS) Downgraded to “Hold” Rating by Telsey Advisory Group

Posted by George Bondi on Aug 27th, 2026

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) was downgraded by equities research analysts at Telsey Advisory Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Truist Financial reissued a “hold” rating and set a $135.00 target price (down from $270.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. KGI Securities lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price target on the stock. in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on 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 decreased their price objective on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Robert W. Baird lowered their target price on DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.06.

Read Our Latest Stock Report on DICK’S Sporting Goods

DICK’S Sporting Goods Trading Up 4.6%

Shares of NYSE DKS opened at $130.02 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods has a 12 month low of $120.40 and a 12 month high of $244.38. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.34 and a beta of 1.21. The business has a fifty day simple moving average of $209.22 and a 200-day simple moving average of $210.11.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.74 by ($0.21). The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.DICK’S Sporting Goods’s quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts predict that DICK’S Sporting Goods will post 11.5 EPS for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake 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 acquiring an additional 15,802,896 shares during the last quarter. BlackRock Inc. acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,501,321,000. Bank of America Corp DE acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,024,000,000. State Street Corp raised its holdings in shares of DICK’S Sporting Goods by 17.7% during the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after purchasing an additional 391,694 shares in the last quarter. Finally, Viking Global Investors LP bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $509,371,000. Institutional investors and hedge funds 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: Analysts continue to view the selloff as an opportunity: Bank of America, DA Davidson and BTIG all maintained Buy ratings while lowering their price targets to $200, $205 and $180, respectively. These targets imply substantial potential upside from current levels. Analyst price-target updates
Positive Sentiment: The core DICK’S business delivered 4.9% comparable-sales growth, supported by broad-based category gains, higher transactions and average ticket, and strong FIFA World Cup-related demand. Management retained its comparable-sales outlook for the DICK’S business. DICK’S second-quarter results
Positive Sentiment: DICK’S declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11, supporting the stock’s income appeal. DICK’S dividend announcement
Neutral Sentiment: Unusually high options activity and commentary that sellers may have capitulated suggest elevated trading interest and the possibility of a technical bounce, but also indicate unusually high volatility. DICK’S options activity
Negative Sentiment: Second-quarter adjusted EPS of $3.53 and revenue of $5.59 billion missed consensus estimates, while EPS declined from $4.38 a year earlier. DICK’S earnings miss
Negative Sentiment: Foot Locker comparable sales fell 3.6% as athletic footwear became more promotional. Higher discounts, integration costs and other expenses led management to cut operating-income expectations for both businesses and reduce fiscal 2026 EPS guidance to $11-$12, well below analyst expectations. DICK’S guidance reduction
Negative Sentiment: Several law firms announced investigations into potential securities-law violations following the guidance reduction and stock collapse. These notices may add reputational and legal overhang, although no wrongdoing has been established. DICK’S investor investigation notice

DICK’S Sporting Goods Company Profile

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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.