Hibbett Sports (NASDAQ:HIBB) Upgraded by BidaskClub to Buy

Hibbett Sports (NASDAQ:HIBB) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, February 13th.

A number of other research analysts have also weighed in on HIBB. TheStreet raised shares of Hibbett Sports from a “d+” rating to a “c” rating in a research note on Tuesday, November 21st. Consumer Edge raised shares of Hibbett Sports from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 7th. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Monday, January 8th. Forward View upgraded shares of Hibbett Sports to a “hold” rating and set a $18.00 price objective for the company in a report on Saturday, November 18th. Finally, Robert W. Baird restated a “hold” rating and set a $21.00 price objective on shares of Hibbett Sports in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.73.

Hibbett Sports (NASDAQ:HIBB) opened at $25.25 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 $486.81, a price-to-earnings ratio of 14.51 and a beta of 1.06.

Several hedge funds and other institutional investors have recently modified their holdings of HIBB. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Hibbett Sports in the third quarter worth $143,000. Macquarie Group Ltd. purchased a new position in Hibbett Sports during the 3rd quarter valued at $204,000. MetLife Investment Advisors LLC purchased a new position in Hibbett Sports during the 4th quarter valued at $208,000. 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 purchasing an additional 1,278 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Hibbett Sports during the 4th quarter valued at $257,000.

COPYRIGHT VIOLATION NOTICE: “Hibbett Sports (NASDAQ:HIBB) Upgraded by BidaskClub to Buy” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/24/hibbett-sports-hibb-rating-increased-to-buy-at-bidaskclub.html.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply