Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have been assigned an average rating of “Hold” from the twenty-three analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.14.
Several brokerages recently weighed in on HIBB. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of Hibbett Sports to $27.00 and gave the company a “market perform” rating in a research report on Tuesday, February 27th. Stephens reaffirmed a “hold” rating and set a $22.00 price objective on shares of Hibbett Sports in a research report on Monday, February 26th. Canaccord Genuity set a $31.00 price objective on shares of Hibbett Sports and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Robert W. Baird increased their price target on Hibbett Sports to $24.00 and gave the company a “neutral” rating in a report on Monday, February 26th.
Several institutional investors have recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Hibbett Sports during the fourth quarter worth $704,000. MetLife Investment Advisors LLC acquired a new stake in Hibbett Sports during the fourth quarter worth $208,000. Macquarie Group Ltd. boosted its stake in Hibbett Sports by 142.7% during the fourth quarter. Macquarie Group Ltd. now owns 34,700 shares of the company’s stock worth $708,000 after buying an additional 20,400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Hibbett Sports during the fourth quarter worth $257,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Hibbett Sports by 47.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 85,537 shares of the company’s stock worth $1,745,000 after buying an additional 27,655 shares in the last quarter.
Shares of Hibbett Sports (NASDAQ HIBB) traded up $0.30 on Wednesday, reaching $25.75. 68,763 shares of the company traded hands, compared to its average volume of 736,436. The company has a market capitalization of $509.39, a price-to-earnings ratio of 14.88 and a beta of 0.85. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $30.55.
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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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