Hibbett Sports (NASDAQ:HIBB) was downgraded by research analysts at Buckingham Research from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, November 21st, Marketbeat reports. They presently have a $13.00 price target on the stock. Buckingham Research’s price objective indicates a potential downside of 34.67% from the company’s previous close.
Several other research analysts have also issued reports on HIBB. TheStreet lowered Hibbett Sports from a “c-” rating to a “d+” rating in a research note on Wednesday, September 6th. Robert W. Baird set a $10.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research note on Friday, August 18th. BMO Capital Markets set a $10.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research note on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective (down from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Finally, ValuEngine cut Hibbett Sports from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.56.
Shares of Hibbett Sports (HIBB) remained flat at $$19.90 during midday trading on Tuesday. 471,272 shares of the company’s stock traded hands, compared to its average volume of 692,506. The firm has a market capitalization of $407.71, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 6.14 and a beta of 0.96. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $43.40.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The business had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. During the same period in the prior year, the company posted $0.66 earnings per share. Hibbett Sports’s revenue was up .3% on a year-over-year basis. equities research analysts expect that Hibbett Sports will post 1.5 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Hibbett Sports by 7.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after purchasing an additional 291 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hibbett Sports during the 3rd quarter worth approximately $143,000. Municipal Employees Retirement System of Michigan increased its position in shares of Hibbett Sports by 52.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock worth $161,000 after purchasing an additional 2,650 shares during the last quarter. UBS Group AG increased its position in shares of Hibbett Sports by 135.8% during the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after purchasing an additional 3,674 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Hibbett Sports during the 3rd quarter worth approximately $204,000.
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.
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