ValuEngine cut shares of Hibbett Sports (NASDAQ:HIBB) from a hold rating to a sell rating in a report published on Thursday.
HIBB has been the topic of several other reports. MKM Partners cut their price target on shares of Hibbett Sports to $20.00 and set a neutral rating on the stock in a report on Monday, August 27th. Canaccord Genuity reaffirmed a buy rating and issued a $31.00 price target on shares of Hibbett Sports in a report on Friday, August 17th. Stifel Nicolaus cut their price target on shares of Hibbett Sports from $26.00 to $22.00 and set a hold rating on the stock in a report on Monday, August 27th. BidaskClub raised shares of Hibbett Sports from a buy rating to a strong-buy rating in a report on Tuesday, August 28th. Finally, Deutsche Bank cut their price target on shares of Hibbett Sports from $24.00 to $22.00 and set a hold rating on the stock in a report on Monday, August 27th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Hibbett Sports has an average rating of Hold and a consensus target price of $21.54.
HIBB traded up $0.61 during trading on Thursday, hitting $19.14. The company had a trading volume of 674,000 shares, compared to its average volume of 763,972. The stock has a market capitalization of $351.64 million, a PE ratio of 11.74, a P/E/G ratio of 1.42 and a beta of 0.64. Hibbett Sports has a 1-year low of $12.60 and a 1-year high of $29.60.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). The company had revenue of $211.10 million during the quarter, compared to analyst estimates of $215.55 million. Hibbett Sports had a net margin of 3.79% and a return on equity of 11.04%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. On average, sell-side analysts predict that Hibbett Sports will post 1.66 earnings per share for the current year.
Several large investors have recently modified their holdings of HIBB. Creative Financial Designs Inc. ADV grew its position in shares of Hibbett Sports by 4.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 60,484 shares of the company’s stock worth $1,385,000 after acquiring an additional 2,554 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Hibbett Sports during the second quarter worth about $2,583,000. Whittier Trust Co. bought a new position in shares of Hibbett Sports during the second quarter worth about $1,028,000. Acadian Asset Management LLC bought a new position in shares of Hibbett Sports during the second quarter worth about $6,630,000. Finally, Tyvor Capital LLC bought a new position in shares of Hibbett Sports during the second quarter worth about $559,000.
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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