Bank of America upgraded shares of Hibbett Sports (NASDAQ:HIBB) from an underperform rating to a buy rating in a research note released on Tuesday, MarketBeat reports. The brokerage currently has $12.00 price objective on the stock, down from their prior price objective of $14.00.
Other equities research analysts have also issued reports about the company. TheStreet raised Hibbett Sports from a d+ rating to a c rating in a research report on Tuesday, November 21st. BMO Capital Markets increased their price target on Hibbett Sports from $10.00 to $17.00 and gave the company a market perform rating in a research report on Friday, November 17th. Buckingham Research lowered Hibbett Sports from a neutral rating to an underperform rating and set a $13.00 price target for the company. in a research report on Tuesday, November 21st. Stifel Nicolaus set a $20.00 price target on Hibbett Sports and gave the company a hold rating in a research report on Friday, December 15th. Finally, Robert W. Baird reissued a hold rating and issued a $21.00 price target on shares of Hibbett Sports in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $21.53.
Hibbett Sports (NASDAQ HIBB) traded up $0.50 during midday trading on Tuesday, reaching $25.45. The company had a trading volume of 738,748 shares, compared to its average volume of 933,162. The stock has a market cap of $476.26, a price-to-earnings ratio of 14.63, a P/E/G ratio of 7.69 and a beta of 0.96. Hibbett Sports has a twelve month low of $9.40 and a twelve month high of $34.75.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.15. The business had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. Hibbett Sports’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. sell-side analysts expect that Hibbett Sports will post 1.5 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in HIBB. Renaissance Technologies LLC bought a new position in Hibbett Sports in the 2nd quarter valued at $15,077,000. Dimensional Fund Advisors LP grew its stake in Hibbett Sports by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock valued at $27,226,000 after purchasing an additional 511,443 shares during the period. Koch Industries Inc. bought a new position in Hibbett Sports in the 2nd quarter valued at $313,000. Nordea Investment Management AB grew its stake in shares of Hibbett Sports by 74.6% during the 2nd quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after acquiring an additional 278,395 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Hibbett Sports during the 4th quarter worth $3,589,000.
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Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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