Hibbett Sports, Inc. (HIBB) Receives Hold Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their hold rating on shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in a research note released on Tuesday morning. SunTrust Banks, Inc. currently has a $13.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. Robert W. Baird reissued a neutral rating and issued a $15.00 price target (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Forward View lowered shares of Hibbett Sports to a sell rating and set a $10.00 target price on the stock. in a research report on Monday, August 28th. Zacks Investment Research raised shares of Hibbett Sports from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Monday, July 24th. BidaskClub raised shares of Hibbett Sports from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Finally, UBS AG raised shares of Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $21.06.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $190.31 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year.

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In other news, CEO Jeffry O. Rosenthal bought 2,500 shares of Hibbett Sports stock in a transaction dated Wednesday, August 30th. The shares were bought at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Newsome bought 10,000 shares of Hibbett Sports stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $12.13 per share, for a total transaction of $121,300.00. Following the purchase, the director now directly owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Insiders acquired a total of 25,500 shares of company stock worth $312,595 in the last three months. Insiders own 1.60% of the company’s stock.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Hibbett Sports by 5.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after purchasing an additional 245 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Hibbett Sports by 215.0% in the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after purchasing an additional 4,300 shares in the last quarter. UBS Group AG boosted i

A number of other equities analysts have also commented on the stock. Robert W. Baird reissued a neutral rating and issued a $15.00 price target (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Forward View lowered shares of Hibbett Sports to a sell rating and set a $10.00 target price on the stock. in a research report on Monday, August 28th. Zacks Investment Research raised shares of Hibbett Sports from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Monday, July 24th. BidaskClub raised shares of Hibbett Sports from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Finally, UBS AG raised shares of Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $21.06.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $190.31 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/10/18/hibbett-sports-inc-hibb-receives-hold-rating-from-suntrust-banks-inc.html.

In other news, CEO Jeffry O. Rosenthal bought 2,500 shares of Hibbett Sports stock in a transaction dated Wednesday, August 30th. The shares were bought at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Newsome bought 10,000 shares of Hibbett Sports stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $12.13 per share, for a total transaction of $121,300.00. Following the purchase, the director now directly owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Insiders acquired a total of 25,500 shares of company stock worth $312,595 in the last three months. Insiders own 1.60% of the company’s stock.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Hibbett Sports by 5.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after purchasing an additional 245 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Hibbett Sports by 215.0% in the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after purchasing an additional 4,300 shares in the last quarter. UBS Group AG boosted its stake in shares of Hibbett Sports by 135.8% in the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after purchasing an additional 3,674 shares in the last quarter. Finally, Invictus RG acquired a new stake in shares of Hibbett Sports in the 1st quarter valued at $228,000.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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