| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 15.9x | 17.3x | Top tier | |
Growth | 51 | 53.5% | 7.1% | Around median | |
Quality | 52 | 7.4% | 4.5% | Around median | |
Safety | 54 | 4.5x | 2.6x | Around median | |
Capital Return | 48 | 3.41% | 0.06% | Around median | |
Momentum | 14 | -41.6% | -1.6% | Bottom tier | |
Sentiment | 91 | 15 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
90% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
DICK'S Sporting Goods operates a sporting goods retail ecosystem that brings together DICK'S and Foot Locker stores and the House of Sport and Field House formats, generating sales from footwear, apparel, and sporting equipment. It also diversifies its earnings streams through GameChanger and DICK'S Media Network, while the ScoreCard program connects the company with approximately 30 million active athletes and has added a paid ScoreCard+ membership priced at $99 annually. The growth strategy is based on expanding experiential stores, deepening partnerships with sports brands, and leveraging data and engagement from the youth sports community.
In Q2 of fiscal 2026, consolidated net sales increased 53.2% to $5.59 billion, including $1.74 billion from Foot Locker, while the DICK'S business achieved growth of 5.6% and comparable sales growth of 4.9%. DICK'S comparable sales growth came from a 3.6% increase in average transaction value and a 1.3% increase in transaction count, with growth in footwear, apparel, and equipment, while Foot Locker's pro forma comparable sales declined 3.6%. EDGAR filings show revenue of $5.6 billion, gross profit of $1.9 billion, net income of $315.5 million, and earnings per share of $3.50 in the same quarter.
Adjusted gross margin was 34.06% in Q2 of fiscal 2026, down 300 basis points due to the inclusion of the Foot Locker mix, despite DICK'S standalone margin expanding by 79 basis points. Consolidated adjusted operating income was $453.3 million, or 8.11% of sales, compared with 13.02% a year earlier; DICK'S generated operating income of $485.2 million and a margin of 12.6%, while Foot Locker recorded an operating loss of $31.9 million. On a trailing-twelve-month basis for 2026, revenue was $21.1 billion, gross profit was $6.8 billion, and net income was $838.8 million, compared with revenue of $17.2 billion and net income of $849.2 million in fiscal 2025.
The analyst consensus rates DKS a “Buy,” with an average price target of $153.71 and a wide range between $99 and $205, reflecting significant disagreement over the trajectory of Foot Locker and margins. The average target is approximately 28% above the 52-week range low of $120.40 but approximately 37% below its high of $244.38, and even the highest target of $205 remains below that peak. This decline in the valuation anchor from the year's high indicates a repricing of Foot Locker integration risk, the reduction in the fiscal 2026 adjusted earnings per share forecast, and continued promotional pressure, while the enterprise value-to-earnings before interest, taxes, depreciation, and amortization multiple of 13.5 times remains a reason not to consider the valuation unconditionally low.
Figures in the text are as of 2026-09-15; the live price is shown at the top of the page.
Q2 fiscal 2026 revenue came in below market expectations, while the company lowered its full-year adjusted earnings per share forecast to $11–$12 from $13.50–$14.50. Foot Locker recorded an operating loss of $31.9 million, with its pro forma comparable sales declining 3.6% amid weakness in launches and older styles. On August 26, 2026, the stock recorded the worst one-day decline in its history at 30.7%, reflecting a repricing of integration and margin risks rather than merely a slowdown in DICK'S core business.
DICK'S business achieved comparable sales growth of 4.9% in Q2 of fiscal 2026, outperforming the industry by approximately 200 basis points. Its gross margin also expanded by 79 basis points, and its adjusted operating income reached $485.2 million at a margin of 12.6%. By contrast, Foot Locker contributed sales of $1.74 billion but recorded an operating loss of $31.9 million, showing that most of the profitability weakness came from the acquired unit.
Automated analysis for informational purposes only — not investment advice.
The company is expanding the Fast Break initiative, having exceeded its back-to-school target of approximately 250 stores and forecast more than 300 to 350 stores globally by the end of fiscal 2026. Management stated that Fast Break stores are outperforming traditional stores, while it works to add sought-after brands, more appealing products, and apparel to the assortment. It also launched the Colors campaign and invested in Stripers teams, and it is targeting cost savings of between $100 million and $125 million over the medium term.
Pressure is concentrated in older lifestyle footwear styles whose inventory accumulated and became subject to widespread markdowns, while performance and running categories remained strong. Management cited good performance from Nike Mind, Vomero, and Peg products, as well as strength in On, HOKA, UGG, and Birkenstock, but it expects the promotional environment to continue through at least Q4 of fiscal 2026. Foot Locker is more affected than DICK'S because footwear represents most of its business and because it relies more heavily on launches and older products.
The company is expanding House of Sport and Field House, having opened five and eight stores, respectively, in Q2 of fiscal 2026, while targeting approximately 14 and 20 openings during the year. GameChanger and DICK'S Media Network provide returns and contribute to margin, while ScoreCard connects the company with approximately 30 million active athletes. The company added ScoreCard+ for $99 annually and expanded Collectors Clubhouse and its trading card partnership with Michael Rubin's company within the new store formats.
The company ended Q2 of fiscal 2026 with approximately $914 million in cash and cash equivalents and no borrowings under its $2 billion unsecured credit facility. Net capital expenditures for the quarter were $325 million, while it paid cash dividends of $111 million. The company expects net capital expenditures of approximately $1.4 billion in fiscal 2026, allocated approximately 70% to the DICK'S business and 30% to the Foot Locker business.