Hibbett Sports, Inc. (NASDAQ:HIBB) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a hold rating to a buy rating in a research report sent to investors on Wednesday, October 11th.

A number of other analysts also recently issued reports on the company. Robert W. Baird reiterated a neutral rating and set 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 downgraded Hibbett Sports to a sell rating and set a $10.00 price target for the company. in a research report on Monday, August 28th. Zacks Investment Research upgraded Hibbett Sports from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Monday, July 24th. BidaskClub upgraded Hibbett Sports from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Finally, UBS AG upgraded Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $21.06.

Shares of Hibbett Sports (HIBB) opened at 14.10 on Wednesday. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $19.01. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $45.85. The company has a market capitalization of $289.60 million, a P/E ratio of 6.89 and a beta of 0.78.

Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. On average, analysts anticipate that Hibbett Sports will post $1.30 EPS for the current year.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/22/hibbett-sports-inc-hibb-rating-increased-to-buy-at-valuengine.html.

In other news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now directly owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph T. Parks purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the transaction, the director now directly owns 22,802 shares of the company’s stock, valued at $287,077.18. The disclosure for this purchase can be found here. Insiders have bought 25,500 shares of company stock worth $312,595 over the last three months. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Great West Life Assurance Co. Can boosted its position in shares of Hibbett Sports by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 31,027 shares of the company’s stock valued at $914,000 after purchasing an additional 1,761 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Hibbett Sports by 50.5% during the first quarter. First Trust Advisors LP now owns 64,151 shares of the company’s stock valued at $1,892,000 after purchasing an additional 21,535 shares in the last quarter. Comerica Bank boosted its position in shares of Hibbett Sports by 0.9% during the first quarter. Comerica Bank now owns 24,304 shares of the company’s stock valued at $629,000 after purchasing an additional 208 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $348,000. Finally, State of Tennessee Treasury Department boosted its holdings in Hibbett Sports by 17.8% in the first quart

A number of other analysts also recently issued reports on the company. Robert W. Baird reiterated a neutral rating and set 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 downgraded Hibbett Sports to a sell rating and set a $10.00 price target for the company. in a research report on Monday, August 28th. Zacks Investment Research upgraded Hibbett Sports from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Monday, July 24th. BidaskClub upgraded Hibbett Sports from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Finally, UBS AG upgraded Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $21.06.

Shares of Hibbett Sports (HIBB) opened at 14.10 on Wednesday. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $19.01. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $45.85. The company has a market capitalization of $289.60 million, a P/E ratio of 6.89 and a beta of 0.78.

Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. On average, analysts anticipate that Hibbett Sports will post $1.30 EPS for the current year.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/22/hibbett-sports-inc-hibb-rating-increased-to-buy-at-valuengine.html.

In other news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now directly owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph T. Parks purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the transaction, the director now directly owns 22,802 shares of the company’s stock, valued at $287,077.18. The disclosure for this purchase can be found here. Insiders have bought 25,500 shares of company stock worth $312,595 over the last three months. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Great West Life Assurance Co. Can boosted its position in shares of Hibbett Sports by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 31,027 shares of the company’s stock valued at $914,000 after purchasing an additional 1,761 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Hibbett Sports by 50.5% during the first quarter. First Trust Advisors LP now owns 64,151 shares of the company’s stock valued at $1,892,000 after purchasing an additional 21,535 shares in the last quarter. Comerica Bank boosted its position in shares of Hibbett Sports by 0.9% during the first quarter. Comerica Bank now owns 24,304 shares of the company’s stock valued at $629,000 after purchasing an additional 208 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $348,000. Finally, State of Tennessee Treasury Department boosted its holdings in Hibbett Sports by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,422 shares of the company’s stock worth $632,000 after acquiring an additional 3,233 shares in the last quarter.

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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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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