Hibbett Sports (NASDAQ:HIBB) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
Several other brokerages have also commented on HIBB. Robert W. Baird reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Hibbett Sports in a report on Wednesday. Stifel Nicolaus set a $20.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a report on Friday, December 15th. ValuEngine raised Hibbett Sports from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Buckingham Research lowered Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a report on Tuesday, November 21st. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $21.00 price target on shares of Hibbett Sports in a report on Monday, November 20th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.88.
Shares of Hibbett Sports (NASDAQ:HIBB) traded up $0.70 on Friday, hitting $21.65. The company had a trading volume of 881,853 shares, compared to its average volume of 913,020. Hibbett Sports has a one year low of $9.40 and a one year high of $36.50. The company has a market capitalization of $427.08, a price-to-earnings ratio of 12.44, a P/E/G ratio of 6.50 and a beta of 0.96.
A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans boosted its stake in shares of Hibbett Sports by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after acquiring an additional 170 shares during the period. Legal & General Group Plc boosted its stake in shares of Hibbett Sports by 1.2% in the second quarter. Legal & General Group Plc now owns 40,131 shares of the company’s stock worth $833,000 after acquiring an additional 470 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Hibbett Sports by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 45,288 shares of the company’s stock worth $940,000 after acquiring an additional 771 shares during the period. Voya Investment Management LLC boosted its stake in shares of Hibbett Sports by 11.9% in the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after acquiring an additional 1,278 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Hibbett Sports by 11.5% in the second quarter. Virtu KCG Holdings LLC now owns 14,197 shares of the company’s stock worth $295,000 after acquiring an additional 1,460 shares during the period.
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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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