A number of other research firms have also issued reports on HIBB. Robert W. Baird restated a neutral rating and set a $15.00 price target (down previously from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Hibbett Sports from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Monday, July 24th. UBS raised shares of Hibbett Sports from a neutral rating to a positive rating in a research report on Wednesday, September 20th. Credit Suisse Group reiterated an underperform rating and set a $14.00 target price (down previously from $24.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Finally, SunTrust Banks reissued a hold rating and set a $13.00 price objective on shares of Hibbett Sports in a research note on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Hibbett Sports has an average rating of Hold and an average price target of $22.56.
Hibbett Sports (HIBB) traded down $0.55 during trading on Friday, reaching $19.35. 646,784 shares of the company’s stock were exchanged, compared to its average volume of 692,295. The firm has a market cap of $408.74, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 6.16 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 quarterly earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company 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 business posted $0.66 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. sell-side analysts expect that Hibbett Sports will post 1.5 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of HIBB. 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 valued at $123,000 after purchasing an additional 291 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports in the 3rd quarter worth approximately $143,000. Municipal Employees Retirement System of Michigan increased its stake in Hibbett Sports by 52.0% in 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 period. UBS Group AG increased its stake in Hibbett Sports by 135.8% in 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 period. Finally, Macquarie Group Ltd. purchased a new position in Hibbett Sports in the 3rd quarter worth approximately $204,000.
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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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