Hibbett Sports, Inc. (NASDAQ:HIBB)‘s stock had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc. in a report issued on Tuesday, October 17th. They currently have a $13.00 target price on the stock.
A number of other research firms also recently commented on HIBB. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 target price (down from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a research note on Thursday, July 27th. Canaccord Genuity set a $11.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Monday, August 21st. Finally, Forward View cut shares of Hibbett Sports to a “sell” rating and set a $10.00 price target on the stock. in a report on Monday, August 28th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Hibbett Sports currently has an average rating of “Hold” and an average price target of $21.06.
Hibbett Sports (NASDAQ:HIBB) traded down $0.15 on Tuesday, hitting $13.00. 309,582 shares of the company were exchanged, compared to its average volume of 489,321. The company has a market cap of $270.10, a PE ratio of 6.51, a P/E/G ratio of 1.26 and a beta of 0.72. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. research analysts anticipate that Hibbett Sports will post 1.3 EPS for the current year.
In related news, Director Ralph T. Parks bought 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the purchase, the director now directly owns 22,802 shares in the company, valued at $287,077.18. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Justin Bowman purchased 3,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average cost of $11.84 per share, for a total transaction of $35,520.00. Following the transaction, the insider now owns 7,883 shares of the company’s stock, valued at $93,334.72. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 25,500 shares of company stock worth $312,595. Corporate insiders own 1.60% of the company’s stock.
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its position in Hibbett Sports by 5.0% during the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after buying an additional 245 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Hibbett Sports by 52.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after buying an additional 2,650 shares during the period. Schroder Investment Management Group boosted its position in Hibbett Sports by 215.0% during the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after buying an additional 4,300 shares during the period. Finally, UBS Group AG boosted its position in Hibbett Sports by 135.8% during the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after buying an additional 3,674 shares during the period.
Hibbett Sports Company Profile
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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