Hibbett Sports (NASDAQ:HIBB) had its target price boosted by Bank of America from $16.00 to $19.00 in a report published on Monday morning, BenzingaRatingsTable reports. They currently have an underperform rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. ValuEngine raised Hibbett Sports from a strong sell rating to a sell rating in a report on Saturday, November 23rd. Susquehanna Bancshares set a $29.00 price objective on Hibbett Sports and gave the company a buy rating in a research report on Monday, August 26th. Robert W. Baird boosted their price objective on Hibbett Sports and gave the stock a neutral rating in a research note on Friday, November 22nd. BidaskClub upgraded Hibbett Sports from a buy rating to a strong-buy rating in a report on Tuesday, November 19th. Finally, Credit Suisse Group increased their target price on Hibbett Sports from $20.00 to $24.00 and gave the stock an underperform rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $21.51.
Shares of Hibbett Sports stock opened at $27.27 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.40 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $500.15 million, a price-to-earnings ratio of 15.41, a P/E/G ratio of 0.95 and a beta of 0.52. Hibbett Sports has a 1-year low of $13.08 and a 1-year high of $30.98. The firm’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $20.77.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. The company had revenue of $275.50 million during the quarter, compared to analysts’ expectations of $260.75 million. Hibbett Sports had a net margin of 2.34% and a return on equity of 12.75%. Hibbett Sports’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts predict that Hibbett Sports will post 2.45 EPS for the current year.
In related news, SVP Ronald P. Blahnik purchased 6,125 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $15.84 per share, with a total value of $97,020.00. Following the completion of the acquisition, the senior vice president now directly owns 14,700 shares in the company, valued at approximately $232,848. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cathy E. Pryor sold 1,227 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $23.00, for a total transaction of $28,221.00. Following the completion of the transaction, the vice president now owns 11,446 shares of the company’s stock, valued at approximately $263,258. The disclosure for this sale can be found here. Insiders have sold 33,123 shares of company stock worth $928,805 over the last three months. 2.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Tower Research Capital LLC TRC raised its position in shares of Hibbett Sports by 1,236.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock worth $31,000 after acquiring an additional 1,236 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Hibbett Sports during the second quarter valued at $39,000. FinTrust Capital Advisors LLC acquired a new position in shares of Hibbett Sports during the third quarter valued at $41,000. Point72 Hong Kong Ltd bought a new position in Hibbett Sports in the second quarter valued at about $66,000. Finally, Menta Capital LLC bought a new position in Hibbett Sports in the second quarter valued at about $191,000.
Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
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