FINWIRES · TerminalLIVE
FINWIRES

$DKS

13 stories mentioning DKS

Every FINWIRES story that references DKS, newest first.

Wire

Dick's Sporting Goods Collaborates With Lids for In-Store Headwear Shops

Dick's Sporting Goods (DKS) entered a new partnership with Lids to open dedicated headwear shops inside DICK'S stores nationwide, the sporting goods retailer said Monday.The shops are currently live in 46 locations and will expand to more than 100 stores by late summer 2026, featuring Lids' licensed and lifestyle headwear assortment alongside branded fixtures and merchandising, Dick's Sporting Goods said.Financial details weren't provided.Price: $218.23, Change: $-2.76, Percent Change: -1.25%

$DKS
Wire

Nike Turnaround Could Take Longer Despite New Growth Drivers, RBC Says

Nike's (NKE) turnaround is likely to remain slow through the rest of 2026 as product progress, inventory cleanup, direct sales recovery and new growth drivers may take longer to have an effect, RBC Capital Markets said in a note Wednesday.Nike is making progress under CEO Elliott Hill, including changes to the organization, wholesale business, sports-focused teams and running category, but product improvement is still not broad enough and Nike's revenue growth outlook remains weaker than the wider sector, which could point to further market share pressure, the investment firm said.Nike needs better full-price direct-to-consumer sales, while tighter buying from Dick's Sporting Goods (DKS) and Foot Locker (FL) could affect underperforming styles in wholesale, RBC said.The company could beat Q4 expectations if North America wholesale demand and World Cup-related orders are strong, but RBC said an improvement in direct-to-consumer sales is also necessary, but not as likely.RBC downgraded Nike to sector perform from outperform and cut its price target to $50 from $70, saying there are limited near-term reasons for the stock to move higher.Price: $44.21, Change: $-0.44, Percent Change: -0.99%

$DKS$FL$NKE
Research

Research Alert: CFRA Raises Price Target On Shares Of Dick's Sporting Goods

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $52 to $275, based on 19.8x our FY 27 EPS estimate and above the company's three- and five-year average forward P/E multiples of 13.8x and 12.4x, respectively. We maintain our FY 27 and FY 28 EPS estimates of $13.92 and $15.64, respectively. We raise our price target because we believe investors will begin to re-rate shares as profitability improves at Foot Locker and EPS growth accelerates in FY 28 and FY 29. DKS net sales increased to $5.16B, up 63% from the prior year quarter, $100M above consensus, with the DICK'S Business contributing $3.38B and the newly acquired Foot Locker Business adding $1.79B. The company delivered non-GAAP EPS of $2.90, down from $3.37 in the prior yea rand $0.01 below consensus, reflecting the dilutive impact of shares issued for the Foot Locker acquisition and integration costs. The DICK'S Business demonstrated robust performance with comparable sales growth of 6.0%, while Foot Locker increased 0.6%. We raise our price target and remain bullish.

$DKS
Wire

Dick's Sporting Goods Stock Faces Positive Catalyst Path Ahead, UBS Says

Dick's Sporting Goods (DKS) shares face a positive catalyst path ahead, with the company heading into Q2 with robust momentum, UBS said in a Wednesday research report.An outsized comp in Q1, an inflection at the Foot Locker business in the US, and an upward revision to guidance improve the prospects of profitability growth, analysts wrote.Dick's Sporting Goods is showcasing merchandising agility, and the FIFA 2026 World Cup will continue to boost organic sales in Q2, but the company remains in the early stage of integrating and transforming Foot Locker, according to a note.The brokerage said it reiterated its buy rating on the stock and price target of $275 per share.Price: $228.54, Change: $+9.33, Percent Change: +4.26%

$DKS
Wire

Dick's Sporting Goods Likely to Benefit from Sales Momentum, Morgan Stanley Says

Dick's Sporting Goods (DKS) should benefit from stronger sales momentum and better operating leverage in H2 after World Cup marketing spend in H1, Morgan Stanley said in a note Thursday."We believe the re-acceleration in topline momentum in the core DICK's Business, and the upcoming positive inflection in Foot Locker margins are underappreciated," the report said.The note said core sales are improving, with Q1 comparable sales up 6%, and momentum is expected to continue in the mid single-digit range through Q2.The note said operating leverage is expected to return in H2 as World Cup spending fades and merchandise margins improve.Foot Locker visibility is improving, buoyed by early merchandise progress, and "Fast Break" conversions, the report said.Morgan Stanley kept its overweight rating and raised its price target to $270 from $250.Price: $225.51, Change: $+6.30, Percent Change: +2.87%

$DKS
Wire

Truist Lifts Price Target on Dick's Sporting Goods to $270 From $252, Keeps Buy Rating

Dick's Sporting Goods (DKS) has an average rating of overweight and mean price target of $240.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $220.60, Change: $-12.53, Percent Change: -5.37%

$DKS
Research

Research Alert: Dick's Sporting Goods Posts Mixed Quarter; Maintains Non-gaap Eps Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DICK'S Sporting Goods reported consolidated net sales of $5.16B, up 63% and $100M above consensus, driven by the DICK'S Business contributing $3.38B and newly acquired Foot Locker adding $1.79B. Non-GAAP EPS of $2.90 declined from $3.37 in the prior year and came in $0.01 below consensus, reflecting dilution from 9.6M shares issued for the Foot Locker acquisition and integration costs. We are encouraged by early Foot Locker results, including a return to positive comparable sales growth of 0.6% and the Fast Break initiative showing double-digit comp sales improvements across approximately 100 stores globally. The company raised comparable sales guidance for both businesses, with DICK'S Business outlook improving to 2.5%-4.0% from 2.0%-4.0% and Foot Locker guidance increasing to 1.5%-3.0% from 1.0%-3.0%. We continue to believe the company has the right management team to improve Foot Locker profitability in coming quarters while maintaining balanced capital deployment through share repurchases and dividends.

$DKS
Dick's Sporting Goods Tops First-Quarter Views, Maintains Outlook
US Markets

Dick's Sporting Goods Tops First-Quarter Views, Maintains Outlook

Dick's Sporting Goods (DKS) reported fiscal first-quarter results above market expectations on Wednesday, while the athletic goods retailer affirmed its full-year outlook.The company's adjusted earnings came in at $2.90 a share for the quarter ended May 2, down from $3.37 the year before, but topped the FactSet-polled consensus of $2.89. Sales surged 63% to $5.16 billion, ahead of the Street's view for $5.07 billion. Foot Locker contributed $1.79 billion in revenue.Foot Locker returned to positive comparable sales and profitability, Dick's Executive Chairman Ed Stack said in a statement.For fiscal 2026, Dick's continues to project adjusted EPS between $13.50 and $14.50 on sales of $22.1 billion to $22.4 billion. The Street is looking for non-GAAP EPS of $14.30 and sales of $22.34 billion."Our guidance continues to reflect the strength of the Dick's business and the turnaround efforts underway at Foot Locker, all within the context of the dynamic geopolitical and macroeconomic environment," Chief Financial Officer Navdeep Gupta said during an earnings call, according to a FactSet transcript.Shares of the company were down 2.4% in Wednesday trade.Comparable sales for the Dick's business climbed 6% in the first quarter, surpassing the 3% growth rate modeled by the market. The result was primarily driven by average ticket gains, Stack told analysts.On a pro-forma basis, consolidated same-store sales rose 4.1%.For the ongoing fiscal year, comparable sales for the Dick's business is expected to rise by 2.5% to 4%, reflecting a higher low end. The market's view is for same-store sales growth of 3.1%."We continue to expect higher comps in the first half, driven in large part by the timing of the (FIFA) World Cup," Gupta said on the call.

$DKS
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday

Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.4%.Lululemon athletica (LULU) stock was up more than 3% after the company said it has settled its dispute with its founder, Chip Wilson.PDD Holdings (PDD) shares were down more than 7% after the company posted Q1 non-GAAP earnings and revenue that missed analysts' estimates, with non-GAAP EPS declining year over year.Dick's Sporting Goods (DKS) stock was down more than 2% after the company reported a decline in fiscal Q1 non-GAAP earnings.

$DKS$LULU$PDD$XLP$XLY
Stocks Rise Pre-Bell Amid Tech Rally; Middle East Uncertainty Persists
US Markets

Stocks Rise Pre-Bell Amid Tech Rally; Middle East Uncertainty Persists

US equity futures were trending higher on Wednesday amid tech-driven momentum from the previous trading session, while investors continue to monitor ongoing uncertainty in the Middle East.The S&P 500 rose 0.3%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 0.4% in premarket activity. The Nasdaq and the S&P 500 finished Tuesday trading at new record peaks, while the Dow closed lower.Shares of Micron Technology (MU) advanced 5.7% pre-bell after finishing the prior session up 19%. The semiconductor manufacturer's market capitalization crossed the $1 trillion mark for the first time on Tuesday, with UBS Securities increasing its price target on the company's stock.Marvell (MRVL) rose 6% before the bell, while Seagate (STX) and Western Digital (WDC) gained 3.6% and 3.3%, respectively.Investors are also keeping an eye out for any updates on peace talks between the US and Iran. Tehran's Islamic Revolutionary Guard Corps reportedly said Tuesday that Iran has a "legitimate" right to respond to any violation of a ceasefire by the US.Earlier in the week, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz, in what it described as "self-defense strikes," according to multiple media outlets. President Donald Trump said Monday that negotiations with Iran were "proceeding nicely.""While an extended conflict with Iran remains the largest risk to continued market gains, in our view, markets are positioned for more progress on peace talks and the Strait of Hormuz reopening," D.A. Davidson said in a report Tuesday.West Texas Intermediate crude oil declined 4% to $90.12 a barrel before the opening bell, while Brent fell 3.2% to $96.43.Treasury yields were down in premarket action, with the two-year rate retreating 2.9 basis points to 4.02% and the 10-year rate off 2.6 basis points to 4.47%.US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the Federal Reserve Bank of Richmond's manufacturing index for May at 10 am. The Atlanta Fed's survey of business uncertainty for this month is out at 11 am.Federal Reserve Governor Lisa Cook is scheduled to speak at 3:55 pm, while Fed Vice Chair Philip Jefferson speaks later at 8 pm.PDD (PDD), Dick's Sporting Goods (DKS), Dycom Industries (DY), Bath & Body Works (BBWI), Abercrombie & Fitch (ANF), Manchester United (MANU) and Capri (CPRI) report their latest financial results before the bell, among others. Marvell, Salesforce (CRM), Synopsys (SNPS), Snowflake (SNOW) and HP (HPQ) post their earnings after the markets close.Gold edged down 0.4% to $4,484 per troy ounce, while bitcoin was up slightly at $75,878.

Dow JonesNasdaq CompositeS&P 500$ANF$BBWI$CPRI$CRM$DKS$DY$HPQ$MANU$MRVL$MU$PDD$SNOW$SNPS$ZS
Wire

Dick's Sporting Goods Likely to Post Q1 Comp Reacceleration, Morgan Stanley Says

Dick's Sporting Goods (DKS) is likely to post a modest re-acceleration in fiscal Q1 comps while momentum appears to be carrying into 2026 due to in-store experience improvements, collaboration with key brands and progress monetizing its media network, Morgan Stanley said.The company's sporting goods segment is anticipated to post a Q1 operating margins decline as brand support and demand creation costs increase ahead of the FIFA World Cup, the investment firm said in a Monday research note.Dick's Sporting Goods is scheduled to report Q1 results on May 27.The World Cup is expected to affect seasonality in 2026. Morgan Stanley expects stronger H1 comps alongside operating margin declines tied to higher marketing and brand support spending. The firm said it expects 2026 EPS of $14.33.Transportation costs present a modest near-term headwind but the Foot Locker segment continues to make good progress, according to the note.Morgan Stanley reiterated its overweight rating on the stock and price target of $250 per share.Shares of Dick's Sporting Goods were up 1% in Tuesday trading.Price: $212.50, Change: $+2.05, Percent Change: +0.97%

$DKS
Wire

Synchrony Financial, Dick's Sporting Goods Collaborate to Relaunch Credit Card Program

Synchrony Financial (SYF) and Dick's Sporting Goods (DKS) said Wednesday the companies collaborated to relaunch their credit card program.The program, which features an everyday 10% back in rewards on qualifying purchases at Dick's Sporting Goods, continues to have the private label Dick's credit card as well as Dick's Mastercard for athletes, both of which remain integrated with the ScoreCard loyalty program, according to a statement.For, existing cardholders, their accounts and ScoreCard rewards balances will automatically carry over, the company said.Price: $75.16, Change: $+1.38, Percent Change: +1.87%

$DKS$SYF
Research

BTIG Initiates Dick's Sporting Goods at Buy With $300 Price Target

Dick's Sporting Goods (DKS) has an average rating of overweight and mean price target of $240.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$DKS