Canaccord Genuity upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a hold rating to a buy rating in a research report sent to investors on Monday, January 8th, MarketBeat reports. They currently have $11.00 target price on the stock.
A number of other research firms have also recently issued reports on HIBB. Robert W. Baird boosted their price objective on Hibbett Sports from $10.00 to $16.00 and gave the company a positive rating in a report on Friday, November 17th. Forward View upgraded Hibbett Sports to a hold rating and set a $18.00 price objective for the company in a report on Saturday, November 18th. Buckingham Research cut Hibbett Sports from a neutral rating to an underperform rating and set a $13.00 price objective for the company. in a report on Tuesday, November 21st. BidaskClub cut Hibbett Sports from a strong-buy rating to a buy rating in a report on Saturday, January 6th. Finally, Oppenheimer reiterated a market perform rating on shares of Hibbett Sports in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $20.75.
Shares of Hibbett Sports (NASDAQ HIBB) traded down $0.65 during trading on Monday, hitting $22.15. The stock had a trading volume of 569,873 shares, compared to its average volume of 746,974. The stock has a market cap of $468.31, a PE ratio of 12.80 and a beta of 1.06. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $33.85.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. equities analysts anticipate that Hibbett Sports will post 1.48 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HIBB. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hibbett Sports in the 3rd quarter worth $143,000. Macquarie Group Ltd. acquired a new position in Hibbett Sports during the 3rd quarter valued at about $204,000. Voya Investment Management LLC increased its position in Hibbett Sports by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after buying an additional 1,278 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Hibbett Sports by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after buying an additional 170 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Hibbett Sports during the 2nd quarter valued at about $280,000.
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About Hibbett Sports
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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