Hibbett Sports, Inc. (NASDAQ:HIBB) – Stock analysts at Feltl & Co. reduced their FY2017 earnings per share (EPS) estimates for shares of Hibbett Sports in a report issued on Tuesday. Feltl & Co. analyst M. Smith now forecasts that the brokerage will earn $2.72 per share for the year, down from their prior forecast of $2.86. Feltl & Co. also issued estimates for Hibbett Sports’ Q4 2017 earnings at $0.54 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.68 EPS.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, November 18th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.08. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The firm earned $237 million during the quarter. During the same period last year, the business posted $0.79 earnings per share. Hibbett Sports’s revenue for the quarter was up 3.8% on a year-over-year basis.

“Feltl & Co. Weighs in on Hibbett Sports, Inc.’s FY2017 Earnings (HIBB)” was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The original version of this article can be viewed at http://www.watchlistnews.com/feltl-co-weighs-in-on-hibbett-sports-inc-s-fy2017-earnings-hibb/1122630.html.

Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

Several other brokerages have also recently commented on HIBB. Sidoti cut shares of Hibbett Sports from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. B. Riley reiterated a “neutral” rating and issued a $44.00 price objective on shares of Hibbett Sports in a research note on Monday, November 14th. Canaccord Genuity set a $40.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Saturday, November 12th. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, October 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Hibbett Sports in a research report on Monday, November 21st. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.94.

Hibbett Sports (NASDAQ:HIBB) traded up 1.54% during mid-day trading on Wednesday, hitting $29.70. 165,010 shares of the stock traded hands. Hibbett Sports has a 12-month low of $28.55 and a 12-month high of $45.85. The company has a market cap of $652.27 million, a price-to-earnings ratio of 10.13 and a beta of 0.84. The firm’s 50-day moving average is $33.59 and its 200-day moving average is $38.21.

In other news, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $41.49, for a total transaction of $207,450.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $207,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

“Feltl & Co. Weighs in on Hibbett Sports, Inc.’s FY2017 Earnings (HIBB)” was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The original version of this article can be viewed at http://www.watchlistnews.com/feltl-co-weighs-in-on-hibbett-sports-inc-s-fy2017-earnings-hibb/1122630.html.

Large investors have recently modified their holdings of the company. Aberdeen Asset Management PLC UK increased its stake in shares of Hibbett Sports by 60.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 543,067 shares of the company’s stock worth $18,894,000 after buying an additional 204,526 shares during the period. Principal Financial Group Inc. increased its stake in shares of Hibbett Sports by 1.4% in the second quarter. Principal Financial Group Inc. now owns 164,062 shares of the company’s stock worth $5,708,000 after buying an additional 2,283 shares during the period. First Trust Advisors LP increased its stake in shares of Hibbett Sports by 28.8% in the third quarter. First Trust Advisors LP now owns 48,493 shares of the company’s stock worth $1,935,000 after buying an additional 10,831 shares during the period. BlackRock Advisors LLC increased its stake in shares of Hibbett Sports by 9.3% in the third quarter. BlackRock Advisors LLC now owns 174,134 shares of the company’s stock worth $6,948,000 after buying an additional 14,825 shares during the period. Finally, Hancock Holding Co. purchased a new stake in shares of Hibbett Sports during the third quarter worth approximately $7,980,000.

About Hibbett Sports

Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.

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