Forward View Upgrades Hibbett Sports (NASDAQ:HIBB) to “Hold”

Forward View upgraded shares of Hibbett Sports (NASDAQ:HIBB) to a hold rating in a research report report published on Saturday, November 18th. They currently have $18.00 target price on the stock.

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.

COPYRIGHT VIOLATION NOTICE: “Forward View Upgrades Hibbett Sports (NASDAQ:HIBB) to “Hold”” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2017/12/07/hibbett-sports-inc-hibb-upgraded-by-forward-view-to-hold-updated-updated.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply