# DICK'S Sporting Goods, Inc. (DKS)

> Source: Nexqual · https://nexqual.com/DKS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, DICK'S Sporting Goods, Inc. (DKS), nexqual.com/DKS" · informational, not investment advice.

**Price:** USD 148.78 (+4.80% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 141.97 · day 141.98–149.32 · 52w 120.15–244.38 · market cap $14.7B · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $21.1B, net income $839M (4.0% margin), free cash flow $239M (SEC filings).
- Valuation: P/E 17.5x (avg 17.0x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold DKS (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $5.5M; 2 not under a Rule 10b5-1 plan ($5.5M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 8 Form 4 filings, $5.6M; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.48 on a 1–5 scale) (27 analysts), mean target USD 160.83 (range 99–205).
- Total return with dividends: 1Y -32.9% vs S&P 500 +14.9%; 5Y +33.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-24, EPS estimate USD 1.41, revenue estimate $5.07B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.3B | $12.4B | $13.0B | $13.4B | $17.2B | $21.1B |
| Gross profit | $4.71B | $4.28B | $4.53B | $4.83B | $5.67B | — |
| Operating income | $2.03B | $1.46B | $1.28B | $1.47B | $1.10B | $1.17B |
| Net income | $1.52B | $1.04B | $1.05B | $1.17B | $849M | $839M |
| EPS (diluted) | $13.87 | $10.78 | $12.18 | $14.05 | $9.97 | — |
| Free cash flow | $1.31B | $558M | $940M | $509M | $400M | $239M |
| Gross margin | 38.3% | 34.6% | 34.9% | 35.9% | 32.9% | — |
| Operating margin | 16.5% | 11.8% | 9.9% | 11.0% | 6.4% | 5.5% |
| Net margin | 12.4% | 8.4% | 8.1% | 8.7% | 4.9% | 4.0% |
| Revenue growth | +28.3% | +0.6% | +5.0% | +3.5% | +28.1% | — |
| Cash + short-term investments | $2.64B | $1.92B | $1.80B | $1.69B | $1.35B | — |
| Total debt | $449M | $58.3M | $0K | — | — | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 17.5x · P/S 0.7x · P/FCF 61.2x · P/B 2.6x · FCF yield 1.63% · Earnings yield 5.72% · Dividend yield (paid, TTM) 3.02% · Buyback yield (TTM) 1.26%
P/E at fiscal year-ends: Jan 2026 20.3x, Feb 2025 16.0x, Feb 2024 14.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold DKS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 3.02% | $334M | Added +41.0% |
| Viking Global | Viking Global Investors | 0.72% | $251M | Reduced -12.5% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-28 | Hobart Lauren R | President & CEO | 20,083 | $4.6M | 5.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-17 | Lodge-Jarrett Julie | EVP, Chf People & Purpose Ofcr | 4,140 | $926K | 14.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
8 purchases, $5.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-30 | Barnes Matthew | President - Foot Locker Intl | 3,665 | $500K | 136.39 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-23 | Fitzgerald Larry Jr. | Director | 1,860 | $245K | 131.67 | Too little history (no open-market trades in 2025) |
| 2026-09-22 | Gupta Navdeep | EVP, Chief Financial Officer | 7,707 | $1000K | 129.75 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-01 | Colombo William J | Director | 913 | $122K | 133.19 | Too little history (no open-market trades in 2025) |
| 2026-08-27 | Barrenechea Mark J | Director | 17,000 | $2.2M | 130.72 | Too little history (no open-market trades in 2025) |
| 2026-08-26…2026-08-27 | Colombo William J | Director | 6,100 | $786K | 128.77 | Too little history (no open-market trades in 2025) |
| 2026-08-26 | Mathrani Sandeep | Director | 1,550 | $200K | 128.89 | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-26 | Eddy Robert W. | Director | 4,000 | $515K | 128.69 | Too little history (no open-market trades in 2023 or 2024) |

## Analysts
Consensus Buy (mean 2.48 on a 1–5 scale), 27 analysts; mean target USD 160.83 (low 99, high 205).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Wolfe Research | Initiated | Outperform | $181 |
| 2026-10-01 | Truist Securities | Target lowered | Hold | $135 → $128 |
| 2026-09-14 | Baird | Downgrade | Outperform → Neutral | $150 |
| 2026-09-09 | BMO Capital | Initiated | Underperform | $110 |
| 2026-08-27 | Citigroup | Target lowered | Buy | $280 → $190 |
| 2026-08-27 | UBS | Target lowered | Buy | $275 → $178 |
| 2026-08-26 | B of A Securities | Target lowered | Buy | $245 → $200 |
| 2026-08-26 | Baird | Target lowered | Outperform | $264 → $150 |
| 2026-08-26 | Goldman Sachs | Target lowered | Buy | $271 → $170 |
| 2026-08-26 | Oppenheimer | Target lowered | Outperform | $270 → $150 |
| 2026-08-26 | Telsey Advisory Group | Downgrade | Outperform → Market Perform | $255 → $145 |
| 2026-08-26 | Morgan Stanley | Target lowered | Overweight | $270 → $180 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -32.9% | +33.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -33.0% | +5.9% |
| Volatility (annualized) | 51.7% | 42.6% |
| Max drawdown | -48.9% (Jun 2026→Sep 2026) | -49.2% (Jan 2025→Sep 2026) |

## Peers (Specialty Retail)
GME (GameStop Corporation) USD 25.39 -3.42% · FIVE (Five Below, Inc.) USD 225.87 +0.79% · TSCO (Tractor Supply Company) USD 34.73 +6.24% · BBY (Best Buy Co., Inc.) USD 99.83 +6.07% · MUSA (Murphy USA Inc.) USD 532.1 -0.82% · CASY (Caseys General Stores, Inc.) USD 713.65 +2.66%

## More
Full page: https://nexqual.com/DKS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DKS's own 10-K filed 2026-03-27 (https://www.sec.gov/Archives/edgar/data/1089063/000108906326000007/dks-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Foot Locker | "•Risks related to the Transaction, including effective integration of the Foot Locker business, and our pursuit of other strategic alliances, acquisitions or investments, that may involve certain timing and cost consider…" |
| Partner | FedEx (FDX) | "Additionally, we continue to leverage our omni-channel platform, fulfillment centers and our delivery partnership with FedEx, which have enabled us to provide our athletes with faster delivery times." |
| Partner | S Sporting Goods | "In partnership with The DICK'S Sporting Goods Foundation, in 2014 we launched our Sports Matter initiative, a philanthropic effort focused on supporting youth sports." |

## Revenue by business segment (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| DICK’S | $3.85B | 68.9% | +5.6% |
| Foot Locker | $1.70B | 30.4% | — |
| Total revenue | $5.59B | 100% | — |

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Footwear | $2.62B | 46.8% | +140.5% |
| Hardlines | $1.55B | 27.8% | +5.5% |
| Apparel | $1.30B | 23.3% | +28.8% |
| Other | $119.0M | 2.1% | +50.8% |
| Total revenue | $5.59B | 100% | — |

## Revenue by region (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $5.01B | 89.6% | +37.3% |
| International | $580.5M | 10.4% | — |
| Total revenue | $5.59B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.41 | $2.92 | -51.7% | $5.07B | 23 |
| Next quarter (ends 2027-01-31) | $3.47 | $4.62 | -24.9% | $6.25B | 7 |
| Current fiscal year (ends 2027-01-31) | $11.43 | $14.29 | -20.0% | $22.07B | 26 |
| Next fiscal year (ends 2028-01-31) | $13.05 | $15.78 | -17.3% | $22.64B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-27 (includes earnings 2026-11-24): ±13.6%; earnings reaction alone ±8.6%; last 8 reports averaged ±7.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 41.1% | ±4.9% |
| 2026-11-06 | 14 | 43.9% | ±7.2% |
| 2026-11-13 | 21 | 41.1% | ±8.2% |
| 2026-11-20 | 28 | 42.5% | ±9.6% |
| 2026-11-27 | 35 | 54.3% | ±13.6% |
| 2026-12-04 | 42 | 51.1% | ±14.0% |
| 2026-12-18 | 56 | 49.1% | ±15.7% |
| 2027-01-15 | 84 | 44.7% | ±17.3% |