Hibbett Sports (NASDAQ:HIBB) had its price objective hoisted by Credit Suisse Group from $16.50 to $20.00 in a report issued on Friday morning. They currently have an underperform rating on the stock.
Several other equities analysts have also issued reports on the stock. Bank of America lowered shares of Hibbett Sports from a buy rating to an underperform rating and set a $28.00 price target on the stock. in a report on Monday, June 18th. ValuEngine lowered shares of Hibbett Sports from a hold rating to a sell rating in a report on Saturday, June 16th. BidaskClub lowered shares of Hibbett Sports from a buy rating to a hold rating in a report on Friday, June 8th. Zacks Investment Research lowered shares of Hibbett Sports from a hold rating to a sell rating in a report on Wednesday, May 30th. Finally, Canaccord Genuity lifted their price target on shares of Hibbett Sports from $29.00 to $31.00 and gave the stock a buy rating in a report on Tuesday, May 22nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $21.58.
NASDAQ HIBB opened at $22.90 on Friday. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $29.50. The firm has a market capitalization of $433.86 million, a price-to-earnings ratio of 14.05, a PEG ratio of 1.54 and a beta of 0.82.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, May 25th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.03). Hibbett Sports had a return on equity of 10.51% and a net margin of 3.68%. The firm had revenue of $274.70 million during the quarter, compared to analysts’ expectations of $276.98 million. During the same period in the prior year, the firm posted $0.97 earnings per share. Hibbett Sports’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts anticipate that Hibbett Sports will post 1.84 EPS for the current fiscal year.
In other news, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $28.20, for a total transaction of $141,000.00. Following the completion of the sale, the director now directly owns 16,237 shares in the company, valued at $457,883.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Hibbett Sports by 14.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,598,253 shares of the company’s stock valued at $38,278,000 after purchasing an additional 197,828 shares during the period. Russell Investments Group Ltd. lifted its position in Hibbett Sports by 37.6% during the first quarter. Russell Investments Group Ltd. now owns 773,969 shares of the company’s stock valued at $18,535,000 after purchasing an additional 211,526 shares during the period. Maverick Capital Ltd. lifted its position in Hibbett Sports by 136.2% during the fourth quarter. Maverick Capital Ltd. now owns 468,188 shares of the company’s stock valued at $9,551,000 after purchasing an additional 269,952 shares during the period. JPMorgan Chase & Co. lifted its position in Hibbett Sports by 7,057.6% during the first quarter. JPMorgan Chase & Co. now owns 446,849 shares of the company’s stock valued at $10,702,000 after purchasing an additional 440,606 shares during the period. Finally, GW&K Investment Management LLC lifted its position in Hibbett Sports by 7.4% during the first quarter. GW&K Investment Management LLC now owns 426,790 shares of the company’s stock valued at $10,222,000 after purchasing an additional 29,473 shares during the period.
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.
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.