Hibbett Sports (NASDAQ:HIBB) has been assigned a $20.00 price target by equities researchers at Stifel Nicolaus in a report issued on Friday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 4.31% from the company’s current price.
A number of other equities research analysts have also commented on the stock. Robert W. Baird reiterated a “hold” rating on shares of Hibbett Sports in a report on Friday. ValuEngine upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. TheStreet upgraded shares of Hibbett Sports from a “d+” rating to a “c” rating in a report on Tuesday, November 21st. Zacks Investment Research lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Finally, Buckingham Research lowered shares of Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a report on Tuesday, November 21st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.59.
Shares of Hibbett Sports (NASDAQ HIBB) opened at $20.90 on Friday. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $41.00. The company has a market cap of $429.29, a price-to-earnings ratio of 12.08, a P/E/G ratio of 6.47 and a beta of 0.96.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm’s revenue was up .3% compared to the same quarter last year. equities analysts expect that Hibbett Sports will post 1.5 EPS for the current year.
Several institutional investors have recently modified their holdings of HIBB. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hibbett Sports in the 3rd quarter worth about $143,000. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 acquiring an additional 2,650 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Hibbett Sports in the 3rd quarter worth about $204,000. Voya Investment Management LLC increased its stake in shares of Hibbett Sports by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Hibbett Sports by 1.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after acquiring an additional 170 shares in the last quarter.
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Hibbett Sports Company Profile
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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