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.
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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