Dicks Sporting Goods Price Target Increased at JP Morgan (DKS)

JP Morgan has increased its price target for Sporting goods retailer, Dicks Sporting Goods Inc(DKS) Wednesday.

The firm has given the company a rating of “Overweight,” and has increased its price target to $61. This price suggests a 16.4% increase over the stock’s current price of $50.97.

JP Morgan has increased estimates due to an increase in sales growth.

Dicks Sporting Goods shares were mostly flat during premarket trading Wednesday.The stock is up 38.2% YTD.

The Bottom Line
Shares of Dicks Sporting Goods (DKS) have a .98% dividend yield, based on last night’s closing stock price of $50.97. The stock has technical support in the $45-$46 price area. The stock is trading near the all-time high range of $52-$54 a share.

Dicks 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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