Sidoti upgraded shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a neutral rating to a buy rating in a report released on Friday, MarketBeat Ratings reports.
HIBB has been the subject of several other reports. Vetr cut Hibbett Sports from a strong-buy rating to a buy rating and set a $32.50 price objective for the company. in a report on Wednesday, March 29th. MKM Partners reaffirmed a neutral rating and set a $24.00 price objective (down from $27.00) on shares of Hibbett Sports in a report on Monday, May 22nd. Zacks Investment Research raised Hibbett Sports from a sell rating to a hold rating in a report on Tuesday, June 27th. B. Riley reaffirmed a neutral rating and set a $29.00 price objective on shares of Hibbett Sports in a report on Wednesday, April 26th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $29.00 price objective on shares of Hibbett Sports in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hibbett Sports presently has an average rating of Hold and a consensus target price of $32.50.
Hibbett Sports (HIBB) traded up 1.24% on Friday, reaching $20.35. The company had a trading volume of 806,772 shares. The company’s 50-day moving average is $22.68 and its 200-day moving average is $29.14. Hibbett Sports has a 52-week low of $19.02 and a 52-week high of $45.85. The company has a market capitalization of $422.59 million, a PE ratio of 8.34 and a beta of 0.77.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $275.70 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $1.22 earnings per share. Equities analysts anticipate that Hibbett Sports will post $2.42 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after buying an additional 2,942,351 shares during the period. FMR LLC increased its stake in Hibbett Sports by 3.9% in the first quarter. FMR LLC now owns 2,660,436 shares of the company’s stock worth $78,483,000 after buying an additional 100,929 shares during the period. Vanguard Group Inc. increased its stake in shares of Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock valued at $59,147,000 after buying an additional 140,569 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hibbett Sports by 25.2% in the first quarter. Dimensional Fund Advisors LP now owns 800,637 shares of the company’s stock valued at $23,619,000 after buying an additional 161,035 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Hibbett Sports by 10.3% in the first quarter. Champlain Investment Partners LLC now owns 773,590 shares of the company’s stock valued at $22,821,000 after buying an additional 72,530 shares during the last quarter.
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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