Hibbett Sports (HIBB) Downgraded by BidaskClub

BidaskClub cut shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a hold rating in a report released on Wednesday morning.

A number of other research firms also recently issued reports on HIBB. Bank of America upgraded shares of Hibbett Sports from an underperform rating to a buy rating and dropped their price objective for the company from $14.00 to $12.00 in a research note on Tuesday, January 16th. Consumer Edge upgraded shares of Hibbett Sports from a neutral rating to an outperform rating in a research note 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 on the stock in a research note on Monday, January 8th. Robert W. Baird reiterated a hold rating and set a $21.00 price objective on shares of Hibbett Sports in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus set a $20.00 price objective on shares of Hibbett Sports and gave the company a hold rating in a research note on Friday, December 15th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $19.73.

Hibbett Sports (HIBB) opened at $25.25 on Wednesday. Hibbett Sports has a one year low of $9.40 and a one year high of $30.75. The stock has a market cap of $486.81, a P/E ratio of 14.51 and a beta of 1.06.

Institutional investors and hedge funds have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC acquired a new stake in Hibbett Sports in the third quarter valued at approximately $143,000. MetLife Investment Advisors LLC acquired a new stake in Hibbett Sports in the fourth quarter valued at approximately $208,000. Voya Investment Management LLC boosted its stake in Hibbett Sports by 11.9% in the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Hibbett Sports in the fourth quarter valued at approximately $257,000. Finally, Verition Fund Management LLC acquired a new stake in Hibbett Sports in the second quarter valued at approximately $280,000.

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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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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