Buckingham Research started coverage on shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in a research note released on Monday, July 17th, MarketBeat reports. The firm issued a neutral rating and a $19.00 target price on the stock.
HIBB has been the topic of several other research reports. B. Riley reiterated a neutral rating and issued a $29.00 price target on shares of Hibbett Sports in a report on Tuesday, May 2nd. Canaccord Genuity reiterated a hold rating and set a $29.00 target price on shares of Hibbett Sports in a research report on Wednesday, April 26th. Vetr upgraded Hibbett Sports from a buy rating to a strong-buy rating and set a $32.00 target price on the stock in a research report on Tuesday, April 4th. ValuEngine lowered Hibbett Sports from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, MKM Partners restated a neutral rating and issued a $27.00 price objective (down previously from $29.00) on shares of Hibbett Sports in a report on Monday, May 1st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Hibbett Sports presently has a consensus rating of Hold and an average price target of $26.61.
Hibbett Sports (NASDAQ HIBB) traded up 1.11% during trading on Monday, hitting $13.70. 667,011 shares of the company were exchanged. The firm’s 50 day moving average price is $18.04 and its 200-day moving average price is $25.23. The stock has a market capitalization of $284.49 million, a PE ratio of 5.61 and a beta of 0.71. Hibbett Sports has a 1-year low of $12.90 and a 1-year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Thursday, May 18th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The firm had revenue of $275.70 million during the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. Hibbett Sports’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.22 EPS. Equities analysts predict that Hibbett Sports will post $1.76 EPS for the current year.
Several hedge funds have recently modified their holdings of HIBB. Nordea Investment Management AB increased its stake in shares of Hibbett Sports by 74.6% in the second quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after buying an additional 278,395 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Hibbett Sports during the second quarter worth about $624,000. California Public Employees Retirement System increased its stake in shares of Hibbett Sports by 4.9% in the second quarter. California Public Employees Retirement System now owns 94,900 shares of the company’s stock worth $1,969,000 after buying an additional 4,400 shares during the last quarter. Quantitative Investment Management LLC increased its stake in shares of Hibbett Sports by 157.3% in the second quarter. Quantitative Investment Management LLC now owns 116,800 shares of the company’s stock worth $2,423,000 after buying an additional 71,400 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new stake in shares of Hibbett Sports during the second quarter worth about $303,000.
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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