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A statement released earlier today by Canaccord about Dick's Sporting Goods (NYSE:DKS) lowers the target price to $27.00

Boasting a price of $26.87, Dick's Sporting Goods (NYSE:DKS) traded -20.54% lower on the day. The last stock price is down -38.16% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. The company has recorded a 50-day moving average of $37.46 and a two hundred day average of $44.86. Volume of trade was up over the average, with 19,565,197 shares of DKS changing hands over the typical 2,714,070

Canaccord bumped down the target of Dick's Sporting Goods (NYSE:DKS) to $27.00 stating a potential upside of 0.00%.

Recent Performance Chart

Dick's Sporting Goods (NYSE:DKS)

Dick's Sporting Goods has 52 week low of $27.40 and a 52 week high of $62.88 with a P/E ratio of 10.74 and has a market cap of $0.

Also covering Dick's Sporting Goods's target, a total of 26 brokerages have issued a ratings update on Dick's Sporting Goods. The 12-month price target is $49.88 with 7 firms rating the stock a strong buy, 10 brokers rating the stock a buy, 11 brokers rating the company a hold, zero equity analysts rating the company a underperform, and lastly 1 firm rating the stock a sell.

About Dick's Sporting Goods (NYSE:DKS)

Dick's Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. The Company offers its products through a content-rich e-commerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront. It offers products to its customers through its retail stores and online. The Company offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

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