Dick's Sporting Goods (NYSE:DKS) Stock Upgrade and Performance Insights

• Bank of America Securities upgraded Dick's Sporting Goods (NYSE:DKS) to a "Buy" with a stock price around $179.19.
• Earnings miss in the first quarter did not deter the stock's rise, with a current price reflecting a 1.29% increase.
• Strong fundamentals with over 4% comparable sales growth for five consecutive quarters and full-year earnings guidance of $13.80-$14.40 per share.

Dick's Sporting Goods (NYSE:DKS) is a leading retailer in the sporting goods industry, offering a wide range of sports equipment, apparel, and footwear. The company competes with other major retailers like Foot Locker and Academy Sports + Outdoors. On May 29, 2025, Bank of America Securities upgraded its rating for DKS to a "Buy," with the stock priced at around $179.19.

Despite an earnings miss in the first quarter, DKS shares rose in early trading, as highlighted by Benzinga. Analyst Christopher Horvers from JPMorgan maintained a Neutral rating but lowered the price target from $224 to $195. The stock's current price is $179.40, reflecting a 1.29% increase, with a trading range today between $175.78 and $180.96.

DKS has shown strong fundamentals, achieving over 4% comparable sales growth for five consecutive quarters, with a recent +4.8% increase. This growth is driven by both ticket and traffic strength. Management remains confident, maintaining full-year guidance of 1%-3% comparable sales growth and earnings of $13.80-$14.40 per share.

The acquisition of Foot Locker Inc. is seen as an "overhang" by analysts, but DKS's strategic initiatives and operational strength are expected to navigate the complex macro environment. The company's market capitalization is approximately $14.38 billion, with a trading volume of 1,327,315 shares on the NYSE. Over the past year, DKS has seen a high of $254.60 and a low of $166.37.