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A statement released earlier today by RBC Capital about Dick's Sporting Goods (NYSE:DKS) lowers the target price to $24.00

Dick's Sporting Goods (NYSE:DKS) had its target bumped down to $24.00 by RBC Capital in a report released Wednesday November 15, 2017. The new target price indicates a potential downside of -0.02% from the company's last closing price.

Yesterday Dick's Sporting Goods (NYSE:DKS) traded -0.08% lower at $24.47. Dick's Sporting Goods’s 50-day moving average is $26.68 and its 200-day average is $35.81. With the last stock price close down -31.72% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same period. Volume of trade was down over the average, with 2,375,449 shares of DKS changing hands under the typical 3,278,850

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Dick's Sporting Goods (NYSE:DKS)

Dick's Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88 with a PE ratio of 8.77 Dick's Sporting Goods’s market capitalization is currently $0.

In addition to RBC Capital reporting its stock price target, a total of 26 brokers have issued a report on the stock. The consensus target price is $49.88 with 7 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information 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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