Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the stock, MarketBeat reports. 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 given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.50.
A number of analysts have recently weighed in on the stock. Bank of America upgraded shares of Hibbett Sports from an “underperform” rating to a “buy” rating and cut their price objective for the stock from $14.00 to $12.00 in a research note on Tuesday, January 16th. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, January 8th. BidaskClub lowered shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Robert W. Baird reissued a “hold” rating and set a $21.00 price target on shares of Hibbett Sports in a report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.
Hibbett Sports (NASDAQ HIBB) traded up $0.50 during trading hours on Tuesday, hitting $25.45. 737,083 shares of the stock were exchanged, compared to its average volume of 712,167. The firm has a market capitalization of $522.74, a price-to-earnings ratio of 14.71, a P/E/G ratio of 7.87 and a beta of 0.96. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $34.75.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. analysts predict that Hibbett Sports will post 1.5 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports during the third quarter valued at $143,000. Voya Investment Management LLC lifted its holdings in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after purchasing an additional 1,278 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after purchasing an additional 170 shares in the last quarter. Verition Fund Management LLC purchased a new position in Hibbett Sports during the second quarter valued at $280,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Hibbett Sports by 17.8% during the second quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock valued at $285,000 after purchasing an additional 2,075 shares in the last quarter.
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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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