Wolfe Research Initiates DKS at Outperform
Key Points
- Wolfe Research initiated coverage on DICK'S Sporting Goods with an Outperform rating and a $181.00 price target on October 22, 2026.
- Wolfe Research's $181 price target implies 21.56% upside from DICK'S Sporting Goods, Inc.'s ($DKS) current $148.90 share price.
- The sporting goods retailer recently traded around $148.90, closing at $149.07 on the day of the research note.
- The company reported trailing twelve-month revenue of $21.15 billion with an earnings per share of $9.21.
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On October 22, 2026, Wolfe Research initiated coverage on DICK'S Sporting Goods, Inc. (NYSE:DKS) with an Outperform rating and a $181.00 price target. The firm issued its fresh research note as the retailer's shares changed hands in the market.
DKS
DICK'S Sporting Goods, Inc.
Wolfe Research vs. the S&P 500
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{Firm}'s Call on {Company}
Wolfe Research started tracking the sporting goods retailer with a positive stance, setting a $181.00 target on the shares. Across the broader Wall Street community, the stock carries a consensus buy recommendation backed by 23 analyst opinions and a mean price target of $160.83. Earlier research notes included Citigroup maintaining a buy rating with a $190.00 target on August 27, 2026, BMO Capital initiating an underperform rating with a $110.00 target on September 9, 2026, Baird downgrading the stock to neutral with a $150.00 target on September 14, 2026, and Truist Securities maintaining a hold rating with a $128.00 target on October 1, 2026.
Other Institutional Activity in {Company}
Large investors have made adjustments to their holdings in the retailer recently. Darsana Capital Partners, LP grew its holdings by 124,989 shares, ending with 1,500,000 shares worth about $223.60 million. Maverick Capital Ltd. grew its holdings by 428,944 shares, ending with 1,473,873 shares worth about $219.71 million. Sachem Head Capital Management, LP reduced its holdings by 115,085 shares, ending with 1,490,000 shares worth about $222.11 million. Guyasuta Investment Advisors sold out its position entirely, unloading 1,610 shares.
DICK'S Sporting Goods, Inc. Stock Up 4.1%
Shares of DICK'S Sporting Goods recently traded around $148.90 as of October 22, 2026, sitting up about 3.1% above their 50-day moving average of $144.44. On the day of the research note, the stock closed at $149.07. The company commands a market capitalization of roughly $13.99 billion, with a P/E ratio of 15.41 and a forward P/E of 10.83.
$DKS price target
DICK'S Sporting Goods, Inc. daily closes and this analyst's $181 target. Not advice.
Recent Earnings
The retailer posted trailing twelve-month revenue of $21.15 billion alongside $9.21 in earnings per share. It generated a net profit margin of 4.0% and an 18.5% return on equity. The next earnings report is scheduled for November 24, 2026.
Dividend
The company pays an annual dividend rate of $5.00 per share, translating to a dividend yield of 3.52%. Its dividend payout ratio sits at 53.5%.
Insider Buying and Selling at DICK'S Sporting Goods, Inc.
Company insiders were active in the stock over recent months. Director William J. Colombo bought 913 shares on September 1, 2026, at an average price of $133.19 for a total of $121,602. Chief Financial Officer Navdeep Gupta bought 7,707 shares on September 22, 2026, at $129.75 per share, totaling $999,983. Director Larry Fitzgerald Jr. bought 1,860 shares on September 23, 2026, at $131.67 for a total of $244,906. Officer Matthew Barnes bought 3,665 shares on September 30, 2026, at $136.39 per share, totaling $499,869.
About {Company}
DICK'S Sporting Goods, Inc. operates as an omni-channel sporting goods retailer across the United States. It offers hardlines including athletic equipment, fitness gear, golf accessories, and fishing gear, alongside a wide selection of athletic apparel.
Bottom Line
Investors will look toward the company's upcoming earnings report on November 24, 2026, for further financial updates. Wolfe Research's new $181.00 price target adds a fresh perspective to the wider analyst consensus leading into the end of the year.
Related Filing Alerts
Source: Wolfe Research's rating change on $DKS (Oct 22, 2026). Written by software, not financial advice. How we make alerts