Hibbett Sports, Inc. (NASDAQ:HIBB) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.07.
A number of brokerages have commented on HIBB. Stifel Nicolaus decreased their price target on shares of Hibbett Sports from $38.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, February 14th. Vetr upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.50 price target for the company in a research note on Tuesday, March 21st. B. Riley reaffirmed a “neutral” rating and set a $34.00 price objective on shares of Hibbett Sports in a report on Monday, March 6th. Zacks Investment Research raised shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Stephens downgraded shares of Hibbett Sports from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 14th.
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In related news, SVP Jared S. Briskin sold 3,040 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $28.47, for a total value of $86,548.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank raised its stake in shares of Hibbett Sports by 4.9% in the fourth quarter. Comerica Bank now owns 24,096 shares of the company’s stock valued at $819,000 after buying an additional 1,122 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of 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 in the last quarter. First Trust Advisors LP raised its stake in shares of Hibbett Sports by 28.8% in the third quarter. First Trust Advisors LP now owns 48,493 shares of the company’s stock valued at $1,935,000 after buying an additional 10,831 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Hibbett Sports during the third quarter valued at about $13,132,000. Finally, BlackRock Advisors LLC raised its stake in shares of Hibbett Sports by 9.3% in the third quarter. BlackRock Advisors LLC now owns 174,134 shares of the company’s stock valued at $6,948,000 after buying an additional 14,825 shares in the last quarter.
Hibbett Sports (NASDAQ:HIBB) traded up 0.18% on Monday, hitting $28.50. 345,734 shares of the company were exchanged. The stock has a 50 day moving average price of $28.82 and a 200 day moving average price of $35.26. Hibbett Sports has a one year low of $26.80 and a one year high of $45.85. The firm has a market cap of $608.22 million, a price-to-earnings ratio of 10.48 and a beta of 0.84.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 10th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company earned $246.90 million during the quarter, compared to analyst estimates of $254.45 million. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. Hibbett Sports’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. On average, equities research analysts forecast that Hibbett Sports will post $2.73 EPS for the current fiscal year.
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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