Hibbett Sports (NASDAQ:HIBB) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
Several other research analysts have also commented on HIBB. Bank of America dropped their price target on Hibbett Sports from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 19th. ValuEngine lowered Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Canaccord Genuity set a $29.00 price target on Hibbett Sports and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Finally, BMO Capital Markets lifted their price target on Hibbett Sports to $27.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.61.
Shares of Hibbett Sports stock opened at $27.40 on Thursday. The stock has a market cap of $518.43 million, a PE ratio of 16.81, a PEG ratio of 1.75 and a beta of 0.83. The company has a quick ratio of 0.81, a current ratio of 3.00 and a debt-to-equity ratio of 0.01. Hibbett Sports has a twelve month low of $27.02 and a twelve month high of $27.80.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, March 16th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $261.37 million. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. analysts anticipate that Hibbett Sports will post 1.87 earnings per share for the current fiscal year.
In other Hibbett Sports news, Director Alton E. Yother sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $28.20, for a total value of $141,000.00. Following the completion of the sale, the director now owns 16,237 shares of the company’s stock, valued at $457,883.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Cathy E. Pryor sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $22.58, for a total transaction of $146,770.00. Following the completion of the sale, the vice president now directly owns 13,300 shares of the company’s stock, valued at approximately $300,314. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. raised its stake in shares of Hibbett Sports by 61.7% during the first quarter. C M Bidwell & Associates Ltd. now owns 7,630 shares of the company’s stock valued at $183,000 after acquiring an additional 2,910 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $200,000. Commerce Bank bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $215,000. MetLife Investment Advisors LLC bought a new stake in shares of Hibbett Sports during the fourth quarter valued at approximately $208,000. Finally, Trexquant Investment LP bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $291,000.
Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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