Dick’s Shares Plunge as Guidance Cut Spurs Wall Street Downgrades
Dick’s Sporting Goods shares slid to a three-year low after a record one-day plunge and a wave of Wall Street downgrades. Truist cut the stock to Hold, and Telsey Advisory and KGI also reduced ratings, citing weaker athletic apparel and footwear demand and deteriorating footwear trends that led DICK’S to lower fiscal 2026 guidance, adding uncertainty around Nike’s turnaround.