Dick’s Sporting Goods and Target to Buy Back This Many Shares

Dick’s Sporting Goods (NYSE:DKS) announced a $200 million share buyback of its common stock to take place over the next 12 months. Dick’s also lowered the high-end of the company’s Q4 and FY2011 EPS guidance. The numbers were reduced by a penny. Dick’s now expects Q4 profit of $0.87-$0.88 and full-year profit of $2.01 to $2.02.

Target (NYSE:TGT) authorized a new $5 billion share buyback program. The big box retailer also declared a quarterly dividend of $0.30 per share.