Robert W. Baird restated their neutral rating on shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in a research report report published on Tuesday, July 25th. Robert W. Baird currently has a $15.00 target price on the stock, down from their prior target price of $25.00.
Several other research firms also recently weighed in on HIBB. Forward View upgraded Hibbett Sports from a sell rating to a hold rating in a research note on Monday, May 22nd. Zacks Investment Research downgraded Hibbett Sports from a hold rating to a strong sell rating in a research note on Monday, May 1st. Buckingham Research initiated coverage on Hibbett Sports in a research note on Monday, July 17th. They set a neutral rating and a $19.00 price target for the company. Canaccord Genuity set a $25.00 price target on Hibbett Sports and gave the stock a hold rating in a research note on Friday, May 19th. Finally, ValuEngine downgraded Hibbett Sports from a buy rating to a hold rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hibbett Sports currently has an average rating of Hold and a consensus price target of $26.61.
Hibbett Sports (NASDAQ:HIBB) traded up 1.11% during mid-day trading on Tuesday, hitting $13.70. 669,889 shares of the stock were exchanged. Hibbett Sports has a 1-year low of $12.90 and a 1-year high of $45.85. The company has a market capitalization of $284.49 million, a PE ratio of 5.61 and a beta of 0.71. The stock has a 50 day moving average price of $17.85 and a 200 day moving average price of $25.09.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Thursday, May 18th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $275.49 million. During the same period in the prior year, the firm posted $1.22 EPS. Hibbett Sports’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Hibbett Sports will post $1.76 earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position 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 worth $86,891,000 after buying an additional 2,942,351 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Hibbett Sports during the second quarter worth $15,077,000. Dimensional Fund Advisors LP boosted its position 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 worth $27,226,000 after buying an additional 511,443 shares in the last quarter. Nordea Investment Management AB boosted its position 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Hibbett Sports during the fourth quarter worth $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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