DKS Earnings: Revenue Beats, EPS Plummets on Margin Pressure

Dick's Sporting Goods Inc (DKS) — Q3 2025 results

Dick's Sporting Goods reported a strong top-line quarter but sharply weaker profitability and cash flow. Revenue grew year over year while operating profit, net income and diluted earnings per share all fell dramatically.

Total revenue: $4.17 billion (up 36.3% year‑over‑year), approximately 16.4% above the street estimate of $3.58 billion.

Gross profit: $1.38 billion (up 26.3% YoY); cost of sales rose to $2.79 billion (up 41.9% YoY), indicating margin pressure as costs grew faster than sales.

Operating profit fell to $93.1 million (down 67.5% YoY), and net income attributable to common shareholders declined to $75.2 million (down 67.0% YoY).

Diluted earnings per share: $0.86 (down 68.7% YoY), well below the EPS estimate of $2.74.

Operating cash flow was negative at -$248.4 million (down 558.6% YoY), while capital spending increased to about $267.2 million (up 38.1% YoY).

Balance sheet snapshot: cash and cash equivalents of $821.3 million (down 43.7% YoY) and total liabilities of $11.91 billion (up 61.2% YoY), reflecting higher leverage.

Key takeaways for investors: revenue growth and an upside to the revenue estimate were positives, but sharply compressed operating profit and net income, a large miss on EPS relative to estimates, negative operating cash flow, and rising liabilities are material concerns. Watch for management commentary on margin recovery, working capital and leverage in upcoming disclosures.

Dick's Sporting Goods Inc Insider Trading Activity

Dick's Sporting Goods Inc insiders have traded $DKS stock on the open market 16 times in the past 6 months. Of those trades, 2 have been purchases and 14 have been sales.

Here’s a breakdown of recent trading of $DKS stock by insiders over the last 6 months:

LAUREN R HOBART (President & CEO) has made 0 purchases and 8 sales selling 60,249 shares for an estimated $12,649,158.
NAVDEEP GUPTA (EVP, Chief Financial Officer) has made 0 purchases and 2 sales selling 22,637 shares for an estimated $5,000,295.
JULIE LODGE-JARRETT (EVP, Chf People & Purpose Ofcr) has made 0 purchases and 2 sales selling 4,567 shares for an estimated $870,958.
ROBERT W. EDDY has made 2 purchases buying 2,637 shares for an estimated $501,052 and 0 sales.
ELIZABETH H. BARAN (SVP, General Counsel) has made 0 purchases and 2 sales selling 1,830 shares for an estimated $374,507.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Dick's Sporting Goods Inc Hedge Fund Activity

We have seen 416 institutional investors add shares of Dick's Sporting Goods Inc stock to their portfolio, and 357 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ added 3,030,642 shares (+588.1%) to their portfolio in Q3 2025, for an estimated $673,469,265
WELLINGTON MANAGEMENT GROUP LLP added 3,013,850 shares (+83.9%) to their portfolio in Q3 2025, for an estimated $669,737,747
VANGUARD GROUP INC added 1,015,599 shares (+17.8%) to their portfolio in Q3 2025, for an estimated $225,686,409
BLACKROCK, INC. added 763,563 shares (+13.4%) to their portfolio in Q3 2025, for an estimated $169,678,969
HAMLIN CAPITAL MANAGEMENT, LLC added 708,924 shares (+inf%) to their portfolio in Q3 2025, for an estimated $157,537,091
WESTFIELD CAPITAL MANAGEMENT CO LP removed 630,566 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $124,732,260
CASTLE HOOK PARTNERS LP added 615,180 shares (+12303.6%) to their portfolio in Q3 2025, for an estimated $136,705,299

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Dick's Sporting Goods Inc Congressional Stock Trading

Members of Congress have traded $DKS stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $DKS stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/30, 06/17 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Dick's Sporting Goods Inc Analyst Ratings

Wall Street analysts have issued reports on $DKS in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Telsey Advisory Group issued a "Outperform" rating on 11/20/2025
DA Davidson issued a "Buy" rating on 10/22/2025
Truist Securities issued a "Buy" rating on 10/17/2025
Goldman Sachs issued a "Buy" rating on 09/23/2025
Citigroup issued a "Buy" rating on 09/09/2025
Barclays issued a "Overweight" rating on 09/02/2025
Oppenheimer issued a "Outperform" rating on 08/29/2025

To track analyst ratings and price targets for Dick's Sporting Goods Inc, check out Quiver Quantitative's $DKS forecast page.

Dick's Sporting Goods Inc Price Targets

Multiple analysts have issued price targets for $DKS recently. We have seen 14 analysts offer price targets for $DKS in the last 6 months, with a median target of $254.0.

Here are some recent targets:

Joseph Feldman from Telsey Advisory Group set a target price of $255.0 on 11/20/2025
Michael Baker from DA Davidson set a target price of $270.0 on 10/22/2025
Joseph Civello from Truist Securities set a target price of $275.0 on 10/17/2025
Kate McShane from Goldman Sachs set a target price of $274.0 on 09/23/2025
Paul Lejuez from Citigroup set a target price of $280.0 on 09/09/2025
Adrienne Yih from Barclays set a target price of $246.0 on 09/02/2025
Christopher Horvers from JP Morgan set a target price of $235.0 on 08/29/2025