Upside case
Bull case
$108286+47708.3%
DKS would need investors to value it at roughly 7581x earnings — about 7565x more generous than today's 16x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
DICK'S Sporting Goods, Inc. (DKS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
63
analysts
36 bullish · 0 bearish · 63 covering DKS
Strong Buy
0
Buy
36
Hold
27
Sell
0
Strong Sell
0
Consensus Target
$251
+11.0% vs today
Scenario Range
$22122 – $108286
Model bear to bull value window
Coverage
63
Published analyst ratings
Valuation Context
15.9x
Forward P/E · Market cap $20.6B
DKS price targets
Three scenarios for where DKS stock could go
Current
~$227
Confidence
56 / 100
Updated
May 1, 2026
Where we are now
Current · $227
Bear
$22122
Base
$1978
Bull
$108286
Market caseClosest to today
Base case
$1978+773.4%
At 138x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$22122+9666.9%
The bear case assumes sentiment or fundamentals disappoint enough to push DKS down roughly 9667% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
DICK'S Sporting Goods, Inc.
DKS · NYSEConsumer CyclicalSpecialty RetailJanuary year-end
DICK'S Sporting Goods is a major sporting goods retailer operating physical stores and e-commerce platforms across the United States. It generates revenue primarily through retail sales of sporting equipment, apparel, and footwear — with its core DICK'S stores representing the vast majority of sales, supplemented by specialty concepts like Golf Galaxy and Public Lands. The company's competitive advantage lies in its extensive physical footprint, omnichannel capabilities, and strong vendor relationships that give it scale advantages in inventory and pricing.
Market Cap
$20.6B
Revenue TTM
$17.2B
Net Income TTM
$849M
Net Margin
4.9%
DKS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
92%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+7.3%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$3.37/$3.28
Revenue
$3.2B/$3.1B
Q3 2025
EPS
$4.38/$4.30
Revenue
$3.6B/$3.6B
Q4 2025
EPS
$2.78/$2.69
Revenue
$4.2B/$3.2B
Q1 2026
EPS
$4.05/$2.99
Revenue
$6.2B/$6.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $3.37/$3.28 | +2.7% | $3.2B/$3.1B | +0.8% |
| Q3 2025 | $4.38/$4.30 | +1.9% | $3.6B/$3.6B | +0.9% |
| Q4 2025 | $2.78/$2.69 | +3.3% | $4.2B/$3.2B | +30.8% |
| Q1 2026 | $4.05/$2.99 | +35.5% | $6.2B/$6.1B | +2.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$21.4B
+24.5% YoY
FY2
$24.2B
+12.7% YoY
EPS Outlook
FY1
$65.67
+603.3% YoY
FY2
$87.07
+32.6% YoY
Trailing FCF (TTM)$399.7B
FCF Margin: 2321.8%
Next Earnings
May 27, 2026
Expected EPS
$2.88
Expected Revenue
$5.1B
DKS beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
DKS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $13.4B
Product Mix
Latest annual revenue by segment or product family
Hardlines
36.4%
-0.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Hardlines is the largest disclosed segment at 36.4% of FY 2024 revenue, down 0.3% YoY.
DKS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $16969 — implies +7454.7% from today's price.
Upside to Fair Value
7454.7%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
DKS
22.7x
vs
S&P 500
25.2x
10% discount
vs Consumer Cyclical Trailing P/E
DKS
22.7x
vs
Consumer Cyclical
19.6x
+16% premium
vs DKS 5Y Avg P/E
Today
22.7x
vs
5Y Average
14.0x
+62% premium
Forward PE
15.9x
S&P 500
19.1x
-17%
Consumer Cyclical
15.2x
+4%
5Y Avg
—
—
Trailing PE
22.7x
S&P 500
25.2x
-10%
Consumer Cyclical
19.6x
+16%
5Y Avg
14.0x
+62%
PEG Ratio
1.93x
S&P 500
1.75x
+11%
Consumer Cyclical
0.95x
+103%
5Y Avg
—
—
EV/EBITDA
12.9x
S&P 500
15.3x
-16%
Consumer Cyclical
11.4x
+13%
5Y Avg
9.3x
+38%
Price/FCF
0.1x
S&P 500
21.3x
-100%
Consumer Cyclical
15.0x
-100%
5Y Avg
17.1x
-100%
Price/Sales
1.2x
S&P 500
3.1x
-62%
Consumer Cyclical
0.7x
+68%
5Y Avg
1.1x
+8%
Dividend Yield
2.15%
S&P 500
1.88%
+14%
Consumer Cyclical
2.15%
+0%
5Y Avg
1.86%
+15%
| Metric | DKS | S&P 500 | Consumer Cyclical | 5Y Avg DKS |
|---|---|---|---|---|
| Forward PE | 15.9x | 19.1x-17% | 15.2x | — |
| Trailing PE | 22.7x | 25.2x | 19.6x+16% | 14.0x+62% |
| PEG Ratio | 1.93x | 1.75x+11% | 0.95x+103% | — |
| EV/EBITDA | 12.9x | 15.3x-16% | 11.4x+13% | 9.3x+38% |
| Price/FCF | 0.1x | 21.3x-100% | 15.0x-100% | 17.1x-100% |
| Price/Sales | 1.2x | 3.1x-62% | 0.7x+68% | 1.1x |
| Dividend Yield | 2.15% | 1.88% | 2.15% | 1.86% |
DKS trades above S&P 500 benchmarks on 1 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolDKS Financial Health
Verdict
Adequate
DKS generates $399.7B in free cash flow at a 2321.8% margin — returns 3.8% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$17.2B
Revenue Growth
TTM vs prior year
+28.1%
Gross Margin
Gross profit as a share of revenue
32.9%
Operating Margin
Operating income divided by revenue
7.7%
Net Margin
Net income divided by revenue
4.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$9.34
Free Cash Flow (TTM)
Cash generation after capex
$399.7B
FCF Margin
FCF as share of revenue — the primary cash quality signal
2321.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
0.0%
ROA
Return on assets, trailing twelve months
6.1%
Cash & Equivalents
Liquid assets on the balance sheet
$1.7B
Net Debt
Total debt minus cash
$2.8B
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.0× FCF
~0.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
0.1%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.8%
Dividend
2.1%
Buyback
1.7%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$347M
Dividend / Share
Annualized trailing dividend per share
$4.86
Payout Ratio
Share of earnings distributed as dividends
0.0%
Shares Outstanding
Declining as buybacks retire shares
91M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageDKS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Share Price Volatility
Dick's Sporting Goods (DKS) has a history of stock price declines due to failing to meet market expectations, which continues to pose a risk to its financial performance. This volatility can significantly impact investor sentiment and stock value.
High Risk
Macroeconomic Factors
Elevated interest rates and inflation can adversely affect consumer discretionary spending, which is critical for DKS's sales. Additionally, potential changes in international trade relations may further complicate the promotional landscape.
High Risk
Supplier Dependence
DKS relies on approximately 1,400 vendors, with a significant portion of its purchases coming from Nike. Any disruptions in relationships with these key suppliers could materially decline revenue and impact overall financial performance.
Medium
Debt and Financing
While DKS maintains a manageable debt load with more cash than debt, a decline in earnings could complicate debt management. This situation could lead to increased financial strain and limit operational flexibility.
Medium
Intense Competition
The sporting goods industry is highly competitive, with numerous players vying for market share. This intense competition could limit DKS's growth potential and reduce profitability, especially in a challenging economic environment.
Medium
Litigation Risks
DKS has faced securities class action and shareholder derivative lawsuits, which can lead to substantial costs and reputational damage. These legal challenges may divert management's attention from core business operations.
Lower
Changing Consumer Demand
Inability to predict or react to changes in consumer demand or shopping patterns may lead to a loss of customers and declining sales. This risk is particularly relevant in the fast-evolving retail landscape.
Lower
Tax Law Changes
Changes in tax laws and regulations could adversely affect DKS's financial results. Such regulatory shifts may impact profitability and operational strategies.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why DKS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strategic Acquisitions
The acquisition of Foot Locker is a significant move that strengthens DKS's competitive position and offers potential for improved profitability. Management expects Foot Locker to return to both comparable sales growth and profitability in the second half of the year.
Growth Initiatives
DKS is expanding its store concepts, such as House of Sports and Field House, which are expected to drive sales growth. Additionally, the GameChanger youth sports app is emerging as a growing revenue driver, particularly during key sales periods like Back-to-School.
Strong Revenue Growth
The company has demonstrated robust revenue growth, with fiscal year 2026 revenue projected to reach $17.22 billion. This growth is supported by expanding gross margins, indicating a healthy underlying business performance.
Sustainable Dividend
DKS pays a meaningful dividend that has been increasing for 11 consecutive years, showcasing a commitment to returning value to shareholders. The payout ratio is considered sustainable, providing a reliable income stream for investors.
Positive Analyst Sentiment
A significant majority of analysts recommend buying DKS stock, highlighting its strong merchandising capabilities and high full-price selling. The company's omnichannel business model further enhances its attractiveness to investors.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
DKS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$226.50
52W Range Position
85%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$167.03
+35.6% from the low
52-Week High
$237.31
-4.6% from the high
1 Month
+13.44%
3 Month
+8.74%
YTD
+13.1%
1 Year
+21.5%
3Y CAGR
+17.1%
5Y CAGR
+20.9%
10Y CAGR
+17.6%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
DKS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
15.9x
vs 16.3x median
-3% below peer median
Revenue Growth
+24.5%
vs +7.0% median
+248% above peer median
Net Margin
4.9%
vs 6.2% median
-21% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
DKS DKS DICK'S Sporting Goods, Inc. | $20.6B | 15.9x | +24.5% | 4.9% | Buy | +11.0% |
ASO ASO Academy Sports and Outdoors, Inc. | $3.5B | 9.3x | +0.7% | 6.2% | Buy | +6.5% |
BOO BOOT Boot Barn Holdings, Inc. | $5.2B | 23.4x | +14.9% | 8.9% | Buy | +34.7% |
RGS RGS Regis Corporation | $65M | — | +22.0% | 48.9% | — | — |
CAT CATO The Cato Corporation | $52M | — | -1.0% | -1.5% | — | — |
PRP PRPL Purple Innovation, Inc. | $56M | — | +7.0% | -7.0% | — | — |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
DKS Dividend and Capital Return
DKS returns 3.8% total yield, led by a 2.15% dividend, raised 11 consecutive years. Buybacks add another 1.7%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.8%
Dividend + buyback return per year
Buyback Yield
1.7%
Dividend Yield
2.15%
Payout Ratio
0.0%
How DKS Splits Its Return
Div 2.15%
Buyback 1.7%
Dividend 2.15%Buybacks 1.7%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$4.86
Growth Streak
Consecutive years of dividend increases
11Y
3Y Div CAGR
35.4%
5Y Div CAGR
31.1%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$347M
Estimated Shares Retired
2M
Approx. Share Reduction
1.7%
Shares Outstanding
Current diluted share count from the screening snapshot
91M
At 1.7%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $1.25 | — | — | — |
| 2025 | $4.85 | +10.2% | 2.0% | 4.4% |
| 2024 | $4.40 | +10.0% | 1.3% | 3.1% |
| 2023 | $4.00 | +104.9% | 5.1% | 7.8% |
| 2022 | $1.95 | -72.5% | 3.5% | 4.8% |
FAQ
7 questionsDKS Investor Questions
Common questions answered from live analyst data and company financials.
01Is DICK'S Sporting Goods, Inc. (DKS) stock a buy or sell in 2026?
DICK'S Sporting Goods, Inc. (DKS) is rated Buy by Wall Street analysts as of 2026. Of 63 analysts covering the stock, 36 rate it Buy or Strong Buy, 27 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $251, implying +11.0% from the current price of $227. The bear case scenario is $22122 and the bull case is $108286.
02What is the DKS stock price target for 2026?
The Wall Street consensus price target for DKS is $251 based on 63 analyst estimates. The high-end target is $300 (+32.5% from today), and the low-end target is $210 (-7.3%). The base case model target is $1978.
03Is DICK'S Sporting Goods, Inc. (DKS) stock overvalued in 2026?
DKS trades at 15.9x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for DICK'S Sporting Goods, Inc. (DKS) stock in 2026?
The primary risks for DKS in 2026 are: (1) Share Price Volatility — Dick's Sporting Goods (DKS) has a history of stock price declines due to failing to meet market expectations, which continues to pose a risk to its financial performance. (2) Macroeconomic Factors — Elevated interest rates and inflation can adversely affect consumer discretionary spending, which is critical for DKS's sales. (3) Supplier Dependence — DKS relies on approximately 1,400 vendors, with a significant portion of its purchases coming from Nike. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is DICK'S Sporting Goods, Inc.'s revenue and earnings forecast?
Analyst consensus estimates DKS will report consensus revenue of $21.4B (+24.5% year-over-year) and EPS of $65.67 (+603.3% year-over-year) for the upcoming fiscal year. The following year, analysts project $24.2B in revenue.
06When does DICK'S Sporting Goods, Inc. (DKS) report its next earnings?
DICK'S Sporting Goods, Inc. is expected to report its next earnings on approximately 2026-05-27. Consensus expects EPS of $2.88 and revenue of $5.1B. Over recent quarters, DKS has beaten EPS estimates 92% of the time.
07How much free cash flow does DICK'S Sporting Goods, Inc. generate?
DICK'S Sporting Goods, Inc. (DKS) generated $399.7B in free cash flow over the trailing twelve months — a free cash flow margin of 2321.8%. DKS returns capital to shareholders through dividends (2.1% yield) and share repurchases ($347M TTM).