Upside case
Bull case
$477+104.7%
DKS would need investors to value it at roughly 33x earnings — about 17x more generous than today's 16x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 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
64
analysts
38 bullish · 0 bearish · 64 covering DKS
Strong Buy
0
Buy
38
Hold
26
Sell
0
Strong Sell
0
Consensus Target
$267
+14.6% vs today
Scenario Range
$228 – $477
Model bear to bull value window
Coverage
64
Published analyst ratings
Valuation Context
16.3x
Forward P/E · Market cap $19.9B
DKS price targets
Three scenarios for where DKS stock could go
Current
~$233
Confidence
63 / 100
Updated
Jun 18, 2026
Where we are now
Current · $233
Bear
$228
Base
$362
Bull
$477
Market caseClosest to today
Base case
$362+55.4%
At 25x 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
$228-2.1%
If investor confidence fades or macro conditions deteriorate, a 0x multiple contraction could push DKS down roughly 2% from where it trades now.
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
$19.9B
Revenue TTM
$19.2B
Net Income TTM
$905M
Net Margin
4.7%
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
+6.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 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
Q2 2026
EPS
$2.90/$2.89
Revenue
$5.2B/$5.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| 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% |
| Q2 2026 | $2.90/$2.89 | +0.3% | $5.2B/$5.1B | +1.9% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$21.9B
+14.0% YoY
FY2
$23.7B
+8.1% YoY
EPS Outlook
FY1
$14.09
+40.8% YoY
FY2
$16.33
+15.9% YoY
Trailing FCF (TTM)$607M
FCF Margin: 3.2%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
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 2025
Total disclosed revenue $17.2B
Product Mix
Latest annual revenue by segment or product family
Footwear
40.0%
+79.9% 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.
Footwear is the largest disclosed segment at 40.0% of FY 2025 revenue, up 79.9% 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
Expensive versus peers
Fair value est. $155 — implies -33.4% from today's price.
Premium to Fair Value
33.4%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
DKS
23.4x
vs
S&P 500
24.4x
In line with benchmark
vs Consumer Cyclical Trailing P/E
DKS
23.4x
vs
Consumer Cyclical
21.2x
+10% premium
vs DKS 5Y Avg P/E
Today
23.4x
vs
5Y Average
14.0x
+67% premium
Forward PE
16.3x
S&P 500
18.8x
-14%
Consumer Cyclical
16.3x
-0%
5Y Avg
—
—
Trailing PE
23.4x
S&P 500
24.4x
-4%
Consumer Cyclical
21.2x
+10%
5Y Avg
14.0x
+67%
PEG Ratio
1.99x
S&P 500
1.66x
+20%
Consumer Cyclical
0.92x
+115%
5Y Avg
—
—
EV/EBITDA
14.5x
S&P 500
15.2x
-5%
Consumer Cyclical
12.2x
+19%
5Y Avg
9.7x
+48%
Price/FCF
41.3x
S&P 500
20.7x
+100%
Consumer Cyclical
15.6x
+166%
5Y Avg
24.3x
+70%
Price/Sales
1.2x
S&P 500
3.1x
-63%
Consumer Cyclical
0.7x
+66%
5Y Avg
1.1x
+4%
Dividend Yield
2.09%
S&P 500
1.91%
+9%
Consumer Cyclical
2.17%
-4%
5Y Avg
1.86%
+12%
| Metric | DKS | S&P 500 | Consumer Cyclical | 5Y Avg DKS |
|---|---|---|---|---|
| Forward PE | 16.3x | 18.8x-14% | 16.3x | — |
| Trailing PE | 23.4x | 24.4x | 21.2x+10% | 14.0x+67% |
| PEG Ratio | 1.99x | 1.66x+20% | 0.92x+115% | — |
| EV/EBITDA | 14.5x | 15.2x | 12.2x+19% | 9.7x+48% |
| Price/FCF | 41.3x | 20.7x+100% | 15.6x+166% | 24.3x+70% |
| Price/Sales | 1.2x | 3.1x-63% | 0.7x+66% | 1.1x |
| Dividend Yield | 2.09% | 1.91% | 2.17% | 1.86% |
DKS trades above S&P 500 benchmarks on 2 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
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 11.1% ROIC signals a durable competitive advantage — returns 3.8% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$19.2B
Revenue Growth
TTM vs prior year
+41.2%
Gross Margin
Gross profit as a share of revenue
32.2%
Operating Margin
Operating income divided by revenue
7.5%
Net Margin
Net income divided by revenue
4.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$10.01
Free Cash Flow (TTM)
Cash generation after capex
$607M
FCF Margin
FCF as share of revenue — the primary cash quality signal
3.2%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
11.1%
ROA
Return on assets, trailing twelve months
5.7%
Cash & Equivalents
Liquid assets on the balance sheet
$1.4B
Net Debt
Total debt minus cash
$6.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
10.5× FCF
~10.5 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
18.1%
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
48.7%
Shares Outstanding
Declining as buybacks retire shares
85M
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 June 18, 2026
Medium
Slowing growth
The company is facing slowing growth, which may impact its future performance and stock valuation.
High Risk
Integration risks
The continued integration and turnaround of the Foot Locker business poses significant risks to consolidated performance.
Medium
Debt concerns
The company's debt levels may be a concern for dividend-focused investors, as highlighted in the analysis.
Lower
Analyst divergence
While 37 of 64 analysts are bullish, there is still a notable divergence in opinions, indicating potential uncertainty.
High Risk
Risk factor volume
Dick's Sporting Goods disclosed 32 risk factors in its most recent earnings report, signaling numerous challenges.
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 June 18, 2026
Bullish analyst coverage
Multiple bullish theses highlight DICK'S Sporting Goods' undervaluation and growth potential, with notable price appreciation since coverage.
Strong financial metrics
The company shows solid trailing and forward P/E ratios, indicating healthy earnings and investor confidence.
Price target upside
Analysts project significant upside, with bull case targets as high as $733, reflecting strong growth expectations.
Strategic acquisitions
The Foot Locker acquisition is cited as a key driver for strategic upside and market expansion.
Rewards and loyalty programs
DICK'S offers attractive rewards programs, including 10% back for cardholders, driving customer retention and spending.
Consensus buy rating
The stock has a consensus buy rating with a $267 target, suggesting 24.2% implied upside from current levels.
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
$232.96
52W Range Position
93%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$170.73
+36.4% from the low
52-Week High
$237.34
-1.8% from the high
1 Month
+10.70%
3 Month
+22.48%
YTD
+16.4%
1 Year
+33.7%
3Y CAGR
+19.8%
5Y CAGR
+20.5%
10Y CAGR
+19.0%
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
16.3x
vs 16.3x median
-0% below peer median
Revenue Growth
+14.0%
vs +7.0% median
+99% above peer median
Net Margin
4.7%
vs 6.2% median
-25% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
DKS DKS DICK'S Sporting Goods, Inc. | $19.9B | 16.3x | +14.0% | 4.7% | Buy | +14.6% |
ASO ASO Academy Sports and Outdoors, Inc. | $3.3B | 8.8x | +0.9% | 6.2% | Buy | +13.2% |
BOO BOOT Boot Barn Holdings, Inc. | $5.3B | 23.8x | +8.5% | 10.0% | Buy | +28.5% |
RGS RGS Regis Corporation | $69M | — | +15.0% | 49.2% | — | — |
CAT CATO The Cato Corporation | $59M | — | -0.2% | 0.4% | — | — |
PRP PRPL Purple Innovation, Inc. | $47M | — | +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 2.09% dividend, raised 11 consecutive years. Buybacks add another 1.7%.
Dividend SustainableFCF Adequate
Total Shareholder Yield
3.8%
Dividend + buyback return per year
Buyback Yield
1.7%
Dividend Yield
2.09%
Payout Ratio
48.7%
How DKS Splits Its Return
Div 2.09%
Buyback 1.7%
Dividend 2.09%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
1M
Approx. Share Reduction
1.7%
Shares Outstanding
Current diluted share count from the screening snapshot
85M
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 | $2.50 | — | — | — |
| 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 64 analysts covering the stock, 38 rate it Buy or Strong Buy, 26 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $267, implying +14.6% from the current price of $233. The bear case scenario is $228 and the bull case is $477.
02What is the DKS stock price target for 2026?
The Wall Street consensus price target for DKS is $267 based on 64 analyst estimates. The high-end target is $300 (+28.8% from today), and the low-end target is $224 (-3.8%). The base case model target is $362.
03Is DICK'S Sporting Goods, Inc. (DKS) stock overvalued in 2026?
DKS trades at 16.3x 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 expensive versus peers. 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) Integration risks — The continued integration and turnaround of the Foot Locker business poses significant risks to consolidated performance. (2) Risk factor volume — Dick's Sporting Goods disclosed 32 risk factors in its most recent earnings report, signaling numerous challenges. (3) Slowing growth — The company is facing slowing growth, which may impact its future performance and stock valuation. 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 $21.9B (+14.0% year-over-year) and EPS of $14.09 (+40.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $23.7B in revenue.
06When does DICK'S Sporting Goods, Inc. (DKS) report its next earnings?
A confirmed upcoming earnings date for DKS is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does DICK'S Sporting Goods, Inc. generate?
DICK'S Sporting Goods, Inc. (DKS) generated $607M in free cash flow over the trailing twelve months — a free cash flow margin of 3.2%. DKS returns capital to shareholders through dividends (2.1% yield) and share repurchases ($347M TTM).