Sidoti upgraded shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a neutral rating to a buy rating in a research note released on Friday, July 14th, MarketBeat Ratings reports.
HIBB has been the subject of a number of other research reports. Vetr cut shares of Hibbett Sports from a strong-buy rating to a buy rating and set a $32.50 price objective for the company. in a research note on Wednesday, March 29th. MKM Partners reiterated a neutral rating and set a $24.00 target price (down previously from $27.00) on shares of Hibbett Sports in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of Hibbett Sports from a sell rating to a hold rating in a research report on Tuesday, June 27th. B. Riley reiterated a neutral rating and set a $29.00 target price on shares of Hibbett Sports in a research report on Wednesday, April 26th. Finally, 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. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $26.61.
Shares of Hibbett Sports (NASDAQ HIBB) opened at 13.70 on Friday. The stock has a market capitalization of $284.49 million, a price-to-earnings ratio of 5.61 and a beta of 0.71. The firm’s 50-day moving average price is $17.85 and its 200 day moving average price is $25.09. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The company had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $275.49 million. During the same quarter in the prior year, the company posted $1.22 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Hibbett Sports will post $1.76 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in HIBB. BlackRock Inc. increased its stake in shares of Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock valued at $86,891,000 after buying an additional 2,942,351 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Hibbett Sports during the second quarter valued at approximately $15,077,000. Dimensional Fund Advisors LP increased its stake in shares of Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock valued at $27,226,000 after buying an additional 511,443 shares during the period. 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 valued at $13,521,000 after buying an additional 278,395 shares during the period. Finally, Norges Bank bought a new stake in shares of Hibbett Sports during the fourth quarter valued at approximately $7,390,000.
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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