Two Firms Raise Price Target on Dick's Sporting Goods (DKS)

Two Firms Raise Price Target on Dick’s Sporting Goods (DKS)

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On Thursday, two firms raised their price targets on sporting goods retailer Dick’s Sporting Goods Inc (DKS).

Credit Suisse reported that it has increased its price target on DKS to $56. This price target suggests a 4% upside from the stock’s current price of $53.56. The firm has also boosted estimates on the company to reflect its updated outlook. Credit Suisse currently has a “Neutral” rating on DKS.

Citigroup also raised its price target on DKS to $63, suggesting a 15% increase from the stock’s current price. Analysts see higher growth opportunities from new stores and higher margins.

Dick’s Sporting Goods shares were up 71 cents, or 1.35%, during Thursday morning trading. The stock is up 17% YTD.

The Bottom Line

Shares of Dick’s Sporting Goods Inc (DKS) have a 0.93% yield based on Thursday morning’s price of $53.56.

Dick’s Sporting Goods Inc (DKS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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