The Hibbett Sports (HIBB) Receiving Somewhat Positive Press Coverage, Analysis Shows

The Hibbett Sports (HIBB) Receiving Somewhat Positive Press Coverage, Analysis Shows

Hibbett Sports (HIBB) opened at 22.60 on Monday. Hibbett Sports has a 12-month low of $22.50 and a 12-month high of $45.85. The stock has a 50 day moving average of $25.20 and a 200 day moving average of $31.82. The stock has a market cap of $481.72 million, a P/E ratio of 9.26 and a beta of 0.84.

News coverage about Hibbett Sports (NASDAQ:HIBB) has been trending somewhat positive on Monday, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hibbett Sports earned a coverage optimism score of 0.18 on AlphaOne’s scale. AlphaOne also assigned media stories about the company an impact score of 80 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next several days.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a return on equity of 25.06% and a net margin of 7.58%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, equities research analysts anticipate that Hibbett Sports will post $2.43 earnings per share for the current fiscal year. Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $34.00 target price on shares of Hibbett Sports in a research report on Tuesday, February 14th. SunTrust Banks, Inc. lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Tuesday, February 14th. Stifel Nicolaus decreased their price target on shares of Hibbett Sports from $38.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, February 14th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $32.00 price objective (down from $45.00) on shares of Hibbett Sports in a research note on Tuesday, February 14th. Finally, Stephens lowered shares of Hibbett Sports from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.40.

In other news, SVP Jared S. Briskin sold 3,040 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $28.47, for a total value of $86,548.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock. About Hibbett Sports

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HIBB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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