Goldman Sachs Maintains Buy Rating for Dick's Sporting Goods: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Dick's Sporting Goods (NYSE:DKS) and raise its price target from $105.00 to $125.00.

Shares of Dick's Sporting Goods are trading down 1.41% over the last 24 hours, at $109.57 per share.

A move to $125.00 would account for a 14.08% increase from the current share price.

About Dick's Sporting Goods

Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 730 stores under its namesake brand (including outlet stores), and about 130 specialty stores under the Golf Galaxy, Public Lands, and Field & Stream names. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.