Why DICK'S Sporting Goods (DKS) Stock Is Down Today

DICK'S Sporting Goods (DKS) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued fallout from the company’s late-August earnings miss and sharply reduced full-year profit outlook, with investors still focused on weakness at Foot Locker and a tougher promotional backdrop in athletic footwear. Recent legal overhang and more cautious analyst sentiment may also be adding pressure to the shares.

Details:

DICK’S Sporting Goods reported second-quarter results in late August that fell short of profit expectations, even though revenue increased significantly after the Foot Locker acquisition.

Management lowered fiscal 2026 adjusted earnings guidance to about $11 to $12 per share, down from the prior $13.50 to $14.50 range, pointing to pressure tied largely to Foot Locker and heavier promotions.

The core DICK’S banner remained relatively healthy, with comparable sales growth of 4.9%, but Foot Locker comparable sales declined and the company now expects that business to be flat to slightly down for the year.

Investor sentiment has also been weighed down by multiple newly announced shareholder lawsuits tied to disclosures around inventory, promotions, and the Foot Locker integration, which could be extending the post-earnings sell-off.

Sources:

DICK'S Sporting Goods, Yahoo Finance, PR Newswire, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DKS Insider Trading Activity

$DKS insiders have traded $DKS stock on the open market 15 times in the past 6 months. Of those trades, 6 have been purchases and 9 have been sales.

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

EDWARD W STACK (Executive Chairman) has made 0 purchases and 5 sales selling 210,478 shares for an estimated $41,608,926.
LAUREN R HOBART (President & CEO) has made 0 purchases and 2 sales selling 20,083 shares for an estimated $4,581,338.
MARK J BARRENECHEA purchased 17,000 shares for an estimated $2,222,240
JULIE LODGE-JARRETT (EVP, Chf People & Purpose Ofcr) has made 0 purchases and 2 sales selling 4,140 shares for an estimated $925,523.
WILLIAM J COLOMBO has made 3 purchases buying 7,013 shares for an estimated $907,102 and 0 sales.
ROBERT W. EDDY purchased 4,000 shares for an estimated $514,780
SANDEEP MATHRANI purchased 1,550 shares for an estimated $199,782

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$DKS Hedge Fund Activity

We have seen 416 institutional investors add shares of $DKS stock to their portfolio, and 397 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WELLINGTON MANAGEMENT GROUP LLP removed 1,137,916 shares (-12.9%) from their portfolio in Q2 2026, for an estimated $258,090,727
BANK OF AMERICA CORP /DE/ added 1,132,319 shares (+33.5%) to their portfolio in Q2 2026, for an estimated $256,821,272
CASTLE HOOK PARTNERS LP added 813,812 shares (+159.8%) to their portfolio in Q2 2026, for an estimated $184,580,699
PRINCIPAL FINANCIAL GROUP INC added 723,056 shares (+113.9%) to their portfolio in Q2 2026, for an estimated $163,996,331
FMR LLC removed 709,530 shares (-13.2%) from their portfolio in Q2 2026, for an estimated $160,928,499
FRANKLIN RESOURCES INC added 628,833 shares (+613.1%) to their portfolio in Q2 2026, for an estimated $142,625,612
STEADFAST CAPITAL MANAGEMENT LP added 622,921 shares (+inf%) to their portfolio in Q2 2026, for an estimated $141,284,712

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DKS Price Targets

Multiple analysts have issued price targets for $DKS recently. We have seen 9 analysts offer price targets for $DKS in the last 6 months, with a median target of $270.0.

Here are some recent targets:

Michael Baker from DA Davidson set a target price of $260.0 on 07/01/2026
Robert Drbul from BTIG set a target price of $300.0 on 05/28/2026
Simeon Gutman from Morgan Stanley set a target price of $270.0 on 05/28/2026
Joseph Civello from Truist Securities set a target price of $270.0 on 05/28/2026
Adrienne Yih from Barclays set a target price of $280.0 on 05/28/2026
Ike Boruchow from Wells Fargo set a target price of $220.0 on 05/28/2026
Christopher Horvers from JP Morgan set a target price of $270.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.