BidaskClub upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a hold rating to a buy rating in a research report report published on Tuesday.
A number of other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of Hibbett Sports from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Bank of America upgraded shares of Hibbett Sports from an underperform rating to a buy rating and reduced their target price for the stock from $14.00 to $12.00 in a research report on Tuesday, January 16th. Buckingham Research lowered shares of Hibbett Sports from a neutral rating to an underperform rating and set a $13.00 target price on the stock. in a research report on Tuesday, November 21st. Robert W. Baird reiterated a hold rating on shares of Hibbett Sports in a research report on Friday, December 15th. Finally, SunTrust Banks reiterated a hold rating and set a $13.00 target price on shares of Hibbett Sports in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $19.73.
Hibbett Sports (NASDAQ:HIBB) opened at $25.00 on Tuesday. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $30.75. The stock has a market cap of $528.90, a P/E ratio of 14.45 and a beta of 1.06.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. During the same period in the prior year, the business earned $0.66 earnings per share. Hibbett Sports’s quarterly revenue was up .3% on a year-over-year basis. equities research analysts expect that Hibbett Sports will post 1.48 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Hibbett Sports during the third quarter worth approximately $143,000. Macquarie Group Ltd. bought a new stake in shares of Hibbett Sports during the third quarter worth approximately $204,000. MetLife Investment Advisors LLC bought a new stake in shares of Hibbett Sports during the fourth quarter worth approximately $208,000. Voya Investment Management LLC raised its stake in shares of Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after buying an additional 1,278 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Hibbett Sports during the fourth quarter worth approximately $257,000.
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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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