BidaskClub lowered shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a sell rating to a strong sell rating in a report published on Thursday, July 27th.
HIBB has been the subject of a number of other reports. Forward View downgraded Hibbett Sports from a hold rating to a sell rating in a research note on Wednesday, July 26th. Vetr downgraded Hibbett Sports from a strong-buy rating to a buy rating and set a $32.50 price target for the company. in a research note on Wednesday, March 29th. Zacks Investment Research upgraded Hibbett Sports from a hold rating to a buy rating and set a $22.00 price target for the company in a research note on Monday, July 24th. MKM Partners restated a neutral rating and set a $24.00 price target (down from $27.00) on shares of Hibbett Sports in a research note on Monday, May 22nd. Finally, B. Riley restated a neutral rating and set a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports currently has an average rating of Hold and a consensus target price of $26.61.
Hibbett Sports (NASDAQ:HIBB) opened at 11.80 on Thursday. The company has a market cap of $245.04 million, a price-to-earnings ratio of 4.84 and a beta of 0.71. The company’s 50-day moving average is $17.18 and its 200 day moving average is $24.58. Hibbett Sports has a 52-week low of $11.55 and a 52-week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. Hibbett Sports’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. Equities analysts forecast that Hibbett Sports will post $1.76 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Hibbett Sports by 5.1% in the fourth quarter. State Street Corp now owns 652,687 shares of the company’s stock valued at $24,341,000 after buying an additional 31,936 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Hibbett Sports during the fourth quarter valued at $388,000. Thrivent Financial for Lutherans increased its position in Hibbett Sports by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,130 shares of the company’s stock valued at $452,000 after buying an additional 780 shares during the last quarter. Norges Bank acquired a new position in Hibbett Sports during the fourth quarter valued at $7,390,000. Finally, Teachers Advisors LLC increased its position in Hibbett Sports by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the company’s stock valued at $1,418,000 after buying an additional 2,153 shares during the last quarter.
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.
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