Truist cuts target for DICK'S Sporting Goods stock to USD 128.00

Published on 10/01/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly earnings were USD 3.53 per share versus USD 3.78. DICK'S Sporting Goods stock costs EUR 118.35 on October 1, 2026 after EUR 118.45.

DBD, US2533931026, Illustration mit AI erstellt.

DICK'S Sporting Goods (ISIN US2533931026) was trading at EUR 118.35 at Lang & Schwarz on October 1, 2026 at 1:36 p.m. CEST, while Truist Securities cut its price target from USD 135.00 to USD 128.00 and kept a Hold rating, as Investing.com reported on October 1, 2026. The lower target puts the retailer's footwear exposure and Foot Locker integration at the center of the debate.

Truist flags footwear pressure

Truist cited promotional intensity, higher gas prices and difficult comparisons in the first half of 2027 as reasons for its cautious view, according to Investing.com on October 1, 2026. The report also said Williams Trading lowered its target to USD 130.00 and maintained Hold, while DA Davidson reduced its target to USD 205.00 and kept Buy.

The current debate follows a weak second-quarter comparison for the acquired Foot Locker business. Its pro forma comparable sales fell 3.60 percent, while the core DICK'S business delivered 4.90 percent comparable-sales growth.

Sales growth meets margin pressure

In the second quarter of fiscal 2026, consolidated net sales rose 53.20 percent year over year to USD 5.59 billion, helped by USD 1.74 billion from Foot Locker, according to The Globe and Mail in the August 25, 2026 earnings-call transcript. Non-GAAP adjusted earnings per share were USD 3.53, down from USD 4.38 in the year-earlier quarter.

Consolidated non-GAAP gross margin was 34.10 percent, down 3.00 percentage points year over year, while non-GAAP operating income was USD 453.30 million. Management lowered full-year 2026 adjusted earnings-per-share guidance to USD 11.00-12.00 from USD 13.50-14.50, and shifted Foot Locker's comparable-sales outlook to minus 2.00 percent to 0.00 percent from growth of 1.50 percent to 3.00 percent, according to The Globe and Mail.

Stock remains near its yearly low

At Lang & Schwarz, the stock's EUR 118.35 intraday price was EUR 0.10 below the EUR 118.45 prior close from September 30, 2026, a decline of 0.08 percent. The primary NYSE quote was USD 134.29 at 4:00 p.m. ET on September 30, 2026; its 52-week range was USD 120.15 to USD 244.38, and market capitalization was USD 11.5 billion.