Hibbett Sports, Inc. (NASDAQ:HIBB) received a $10.00 price target from research analysts at Robert W. Baird in a note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Robert W. Baird’s target price suggests a potential downside of 13.04% from the company’s previous close.
HIBB has been the topic of a number of other reports. BidaskClub lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Forward View lowered shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a research report on Thursday, July 27th. Finally, Canaccord Genuity decreased their target price on shares of Hibbett Sports from $22.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.33.
Shares of Hibbett Sports (NASDAQ HIBB) traded down 16.739% during midday trading on Friday, reaching $9.575. The company’s stock had a trading volume of 933,568 shares. The stock has a 50-day moving average of $16.92 and a 200 day moving average of $24.49. Hibbett Sports has a 12-month low of $9.55 and a 12-month high of $45.85. The firm has a market capitalization of $198.83 million, a P/E ratio of 3.924 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. The business had revenue of $188 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Equities research analysts predict that Hibbett Sports will post $1.76 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Boston Partners bought a new position in Hibbett Sports during the first quarter valued at about $3,342,000. Marshall Wace North America L.P. acquired a new position in shares of Hibbett Sports during the first quarter valued at about $439,000. Quantitative Investment Management LLC raised its position in shares of Hibbett Sports by 1.8% in the first quarter. Quantitative Investment Management LLC now owns 45,400 shares of the company’s stock valued at $1,339,000 after buying an additional 800 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Hibbett Sports during the second quarter valued at about $698,000. Finally, Karp Capital Management Corp acquired a new position in shares of Hibbett Sports during the first quarter valued at about $348,000.
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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