Hibbett Sports (NASDAQ:HIBB) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, February 13th.
HIBB has been the topic of several other reports. Bank of America raised Hibbett Sports from an “underperform” rating to a “buy” rating and cut their target price for the stock from $14.00 to $12.00 in a research report on Tuesday, January 16th. Consumer Edge upgraded Hibbett Sports from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 7th. Canaccord Genuity upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Monday, January 8th. Robert W. Baird reissued a “hold” rating and issued a $21.00 target price on shares of Hibbett Sports in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus set a $20.00 price target on Hibbett Sports and gave the company a “hold” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.73.
Shares of Hibbett Sports (NASDAQ HIBB) opened at $25.00 on Tuesday. Hibbett Sports has a 52 week low of $9.40 and a 52 week high of $30.75. The stock has a market capitalization of $513.49, a P/E ratio of 14.45 and a beta of 1.06.
Several large investors have recently bought and sold shares of HIBB. Dimensional Fund Advisors LP increased its holdings in shares of Hibbett Sports by 63.9% during the 2nd 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 during the period. Koch Industries Inc. acquired a new position in shares of Hibbett Sports during the second quarter worth approximately $313,000. Schroder Investment Management Group acquired a new position in shares of Hibbett Sports during the fourth quarter worth approximately $5,671,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Hibbett Sports during the fourth quarter worth approximately $5,567,000. Finally, Maverick Capital Ltd. lifted its holdings in Hibbett Sports by 136.2% in the fourth quarter. Maverick Capital Ltd. now owns 468,188 shares of the company’s stock valued at $9,551,000 after buying an additional 269,952 shares during the period.
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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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