DICK'S Sporting Goods Announces Extension of Expiration Date in Connection with Previously Announced Exchange Offer and Consent Solicitation for Foot Locker's Senior Notes Due 2029 | Intellectia.AI
DICK'S Sporting Goods Announces Extension of Expiration Date in Connection with Previously Announced Exchange Offer and Consent Solicitation for Foot Locker's Senior Notes Due 2029
Written by Emily J. Thompson, Senior Investment Analyst
Exchange Offer Extension: DICK'S Sporting Goods has extended the deadline for eligible holders to exchange Foot Locker's 4.000% Senior Notes due 2029 for new DICK'S Notes and cash, moving the expiration date from August 1, 2025, to August 29, 2025.
Merger Conditions: The extension is contingent upon the completion of a merger where a subsidiary of DICK'S will merge with Foot Locker, making Foot Locker a wholly owned subsidiary of DICK'S.
DKS
$209.93+Infinity%1D
Analyst Views on DKS
Wall Street analysts forecast DKS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DKS is 242.40 USD with a low forecast of 177.00 USD and a high forecast of 298.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast DKS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DKS is 242.40 USD with a low forecast of 177.00 USD and a high forecast of 298.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
6 Hold
1 Sell
Moderate Buy
Current: 211.820
Low
177.00
Averages
242.40
High
298.00
Current: 211.820
Low
177.00
Averages
242.40
High
298.00
Barclays
Overweight
downgrade
$246 -> $242
2025-11-28
Reason
Barclays
Price Target
$246 -> $242
2025-11-28
downgrade
Overweight
Reason
Barclays lowered the firm's price target on Dick's Sporting to $242 from $246 and keeps an Overweight rating on the shares following the fiscal Q3 report. The firm says results for the core business beat on sales and earnings, driven by 5.7% comp growth. The strong start to holiday has continued into Q4, the analyst tells investors in a research note.
Williams Trading
Hold
downgrade
$205 -> $180
2025-11-26
Reason
Williams Trading
Price Target
$205 -> $180
2025-11-26
downgrade
Hold
Reason
Williams Trading lowered the firm's price target on Dick's Sporting to $180 from $205 and keeps a Hold rating on the shares.
DA Davidson
Michael Baker
Buy
downgrade
$270 -> $245
2025-11-26
Reason
DA Davidson
Michael Baker
Price Target
$270 -> $245
2025-11-26
downgrade
Buy
Reason
DA Davidson analyst Michael Baker lowered the firm's price target on Dick's Sporting to $245 from $270 and keeps a Buy rating on the shares after its Q3 results. The company's core business continues to beat, with upside on comps and gross margins, and the management guidance for 4Q that seems appropriately conservative/beatable, the analyst tells investors in a research note. That strength is somewhat offset by weaker Foot Locker results both for Q3 stub period and Q4 expectations, though the firm understands Dick's Sporting's desire to aggressively clear Foot Locker's underperforming inventory and to close stores so as to set a clean deck for 2026, DA Davidson added.
TD Cowen
John Kernan
Hold
downgrade
$234 -> $226
2025-11-26
Reason
TD Cowen
John Kernan
Price Target
$234 -> $226
2025-11-26
downgrade
Hold
Reason
TD Cowen analyst John Kernan lowered the firm's price target on Dick's Sporting to $226 from $234 and keeps a Hold rating on the shares. The firm said the company's core business is guided to improved flow through in 4Q on albeit slower same-store-sales embedded in guidance which could be conservative. Foot Locker inventory clean up and $500MM- $750MM in charges highlight the complexity in modeling.
About DKS
DICK'S Sporting Goods, Inc. is an omni-channel sporting goods retailer. The Company owns and operates Golf Galaxy, Public Lands, and Going Going Gone! specialty concept stores, and also offers its products online and through its mobile applications. It also owns and operates DICK’S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile platform for livestreaming, scheduling, communications and scorekeeping. The Company operates over 3,200 stores e-commerce and digital businesses across 20 countries in North America, Europe, Asia, and Australia, plus a licensed store presence in Europe, the Middle East and Asia. It carries a wide variety of national brands, including but not limited to adidas, Asics, Brooks, Callaway Golf, Carhartt, Columbia, Hoka, Jordan, New Balance, Nike, Peloton, The North Face, Under Armour, Wilson, Yeti, and others. It also owns and operates brands such as Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
