Hibbett Sports (HIBB) Stock Rating Lowered by BidaskClub

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.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Hibbett Sports’s revenue was up .3% compared to the same quarter last year. research analysts forecast that Hibbett Sports will post 1.49 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: “Hibbett Sports (HIBB) Stock Rating Lowered by BidaskClub” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.com-unik.info/2018/01/06/hibbett-sports-hibb-stock-rating-lowered-by-bidaskclub.html.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

What are top analysts saying about Hibbett Sports? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hibbett Sports and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit