The Hibbett Sports, Inc. (HIBB) Rating Increased to Hold at Forward View

The Hibbett Sports, Inc. (HIBB) Rating Increased to Hold at Forward View

HIBB has been the subject of a number of other research reports. Vetr upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.50 price objective for the company in a research report on Tuesday, March 21st. Goldman Sachs Group Inc raised shares of Hibbett Sports from a “sell” rating to a “neutral” rating and set a $34.00 target price for the company in a report on Monday, January 30th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “hold” rating and issued a $36.00 target price on shares of Hibbett Sports in a report on Thursday, February 16th. Canaccord Genuity reissued a “hold” rating and set a $29.00 price objective on shares of Hibbett Sports in a research note on Wednesday, April 26th. Finally, B. Riley restated a “neutral” rating and set a $42.00 target price on shares of Hibbett Sports in a research report on Tuesday, February 28th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Hibbett Sports has a consensus rating of “Hold” and an average price target of $33.40.

Hibbett Sports, Inc. (NASDAQ:HIBB) was upgraded by equities researchers at Forward View from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, May 22nd.

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

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million during the quarter, compared to the consensus estimate of $275.49 million. Hibbett Sports had a net margin of 7.58% and a return on equity of 25.06%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 earnings per share. On average, equities research analysts predict that Hibbett Sports will post $2.43 earnings per share for the current year. In related news, SVP Jared S. Briskin sold 3,040 shares of Hibbett Sports stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $28.47, for a total transaction of $86,548.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares during the last quarter. Mason Street Advisors LLC increased its stake in Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after buying an additional 245 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in Hibbett Sports during the fourth quarter valued at $216,000. Schroder Investment Management Group increased its stake in Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after buying an additional 4,300 shares during the last quarter. Finally, UBS Group AG increased its stake in Hibbett Sports by 135.8% in the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after buying an additional 3,674 shares during the last quarter. 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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