Jim Cramer: DICK'S Sporting Goods Buys Foot Locker Due to Nike Access

Jim Cramer believes DICK'S Sporting Goods acquired Foot Locker due to its access to Nike. The deal was seen as a positive move for DICK'S, which has gained 20% since the announcement. Cramer previously suggested buying DICK'S after its gains, citing the potential for Nike to benefit from the acquisition.

Title: Analyst Ratings and Market Sentiment for Dick's Sporting Goods (DKS) in Q2 2025

Analysts have been closely monitoring Dick's Sporting Goods (DKS) following its acquisition of Foot Locker, with a mix of bullish and bearish sentiments. In the past three months, 16 analysts have published ratings on DKS, providing a diverse range of opinions that reflect the changing market conditions and company performance. As of July 2, 2025, the company's stock has gained 20% since the acquisition announcement, with Jim Cramer attributing this growth to access to Nike products.

Analyst Ratings and Price Targets

The following table provides a quick overview of recent analyst ratings and price targets for DKS:

| Rating | Last 30D | 1M Ago | 2M Ago | 3M Ago |
|--------|----------|--------|--------|--------|
| Bullish | 0 | 0 | 2 | 3 |
| Somewhat Bullish | 0 | 0 | 0 | 6 |
| Indifferent | 1 | 0 | 4 | 5 |
| Somewhat Bearish | 0 | 0 | 0 | 0 |
| Bearish | 0 | 0 | 0 | 0 |

The average 12-month price target for DKS is $220.12, with a high estimate of $273.00 and a low estimate of $180.00. This average has decreased by 4.81% from the previous average price target of $231.25.

Key Analyst Actions

A detailed breakdown of recent analyst actions shows how financial experts perceive DKS:

| Analyst | Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---------|------|--------------|--------|----------------------|---------------------|
| Anthony Chukumba | Loop Capital | Raises Hold | $215.00 | $180.00 |
| Michael Baker | DA Davidson | Maintains Buy | $230.00 | $230.00 |
| Robert Ohmes | B of A Securities | Lowers Buy | $240.00 | $250.00 |
| Michael Lasser | UBS | Lowers Buy | $225.00 | $260.00 |
| Adrienne Yih | Barclays | Raises Overweight | $232.00 | $217.00 |
| Christopher Horvers | JP Morgan | Lowers Neutral | $195.00 | $224.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains Outperform | $220.00 | $220.00 |
| Michael Baker | DA Davidson | Lowers Buy | $230.00 | $273.00 |
| Anthony Chukumba | Loop Capital | Lowers Hold | $180.00 | $195.00 |
| Peter Benedict | Baird | Lowers Neutral | $185.00 | $230.00 |
| Adrienne Yih | Barclays | Lowers Overweight | $217.00 | $223.00 |
| Joseph Feldman | Telsey Advisory Group | Lowers Outperform | $220.00 | $250.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains Outperform | $250.00 | $250.00 |
| Ike Boruchow | Wells Fargo | Raises Equal-Weight | $187.00 | $171.00 |
| Adrienne Yih | Barclays | Lowers Overweight | $223.00 | $254.00 |

Market Sentiment and Financial Performance

Dick's Sporting Goods operates in the Consumer Discretionary sector, offering sports and outdoor apparel, footwear, and equipment online and in approximately 900 US stores. The company's financial performance is notable, with a market capitalization above industry benchmarks, impressive revenue growth, and strong profitability metrics such as net margin and ROE.

Conclusion

Analyst ratings and market sentiment for Dick's Sporting Goods remain mixed following the acquisition of Foot Locker. While some analysts are bullish on the potential synergies and access to Nike products, others remain cautious about current valuation levels. Investors should stay informed and consider these factors alongside other financial indicators to make well-informed decisions.

References

[1] https://www.benzinga.com/insights/analyst-ratings/25/07/46741990/what-16-analyst-ratings-have-to-say-about-dicks-sporting-goods
[2] https://www.investing.com/news/analyst-ratings/loop-capital-raises-dicks-sporting-goods-price-target-to-215-on-foot-locker-deal-93CH-4159864
[3] https://www.gurufocus.com/news/3016343/former-foot-locker-executive-supports-dicks-sporting-acquisition-of-foot-locker-fl