Hibbett Sports, Inc. (HIBB) Receives $20.67 Consensus Price Target from Brokerages

Hibbett Sports, Inc. (NASDAQ:HIBB) has been given an average recommendation of “Hold” by the twenty-four brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.67.

HIBB has been the topic of several analyst reports. ValuEngine upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. BidaskClub downgraded Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Canaccord Genuity upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, January 8th. Robert W. Baird restated a “hold” rating on shares of Hibbett Sports in a research note on Friday, December 15th. Finally, Bank of America upgraded Hibbett Sports from an “underperform” rating to a “buy” rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Tuesday, January 16th.

Shares of Hibbett Sports (NASDAQ:HIBB) traded up $1.00 during mid-day trading on Friday, hitting $25.75. The company’s stock had a trading volume of 517,800 shares, compared to its average volume of 766,387. Hibbett Sports has a one year low of $9.40 and a one year high of $30.75. The stock has a market cap of $482.47, a P/E ratio of 14.51 and a beta of 1.06.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. During the same period last year, the business posted $0.66 EPS. The company’s revenue was up .3% on a year-over-year basis. research analysts expect that Hibbett Sports will post 1.48 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Hibbett Sports by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares in the last quarter. State Street Corp boosted its position in Hibbett Sports by 10.4% during the second quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after purchasing an additional 74,526 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Hibbett Sports during the second quarter worth $15,077,000. Maverick Capital Ltd. boosted its position in Hibbett Sports by 136.2% during the fourth quarter. Maverick Capital Ltd. now owns 468,188 shares of the company’s stock worth $9,551,000 after purchasing an additional 269,952 shares in the last quarter. Finally, Boston Partners boosted its position in Hibbett Sports by 71.4% during the third quarter. Boston Partners now owns 356,390 shares of the company’s stock worth $5,078,000 after purchasing an additional 148,430 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Hibbett Sports, Inc. (HIBB) Receives $20.67 Consensus Price Target from Brokerages” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2018/02/15/hibbett-sports-inc-hibb-receives-20-67-consensus-price-target-from-brokerages.html.

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)

Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply