Hibbett Sports (HIBB) Downgraded by BidaskClub

Hibbett Sports (NASDAQ:HIBB) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

HIBB has been the subject of a number of other reports. ValuEngine raised shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Canaccord Genuity raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, January 8th. Bank of America raised shares of Hibbett Sports from an “underperform” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $12.00 in a research report on Tuesday, January 16th. Robert W. Baird reaffirmed a “hold” rating on shares of Hibbett Sports in a research report on Friday, December 15th. Finally, Zacks Investment Research raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Hibbett Sports currently has an average rating of “Hold” and an average price target of $19.73.

Shares of Hibbett Sports (NASDAQ HIBB) opened at $25.00 on Wednesday. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $30.75. The stock has a market cap of $503.22, a PE ratio of 14.16 and a beta of 1.06.

Institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hibbett Sports during the 3rd quarter valued at approximately $143,000. Macquarie Group Ltd. bought a new position in shares of Hibbett Sports during the 3rd quarter valued at approximately $204,000. MetLife Investment Advisors LLC bought a new position in shares of Hibbett Sports during the 4th quarter valued at approximately $208,000. Voya Investment Management LLC grew its position in shares of 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 acquiring an additional 1,278 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Hibbett Sports during the 4th quarter valued at 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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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