Hibbett Sports, Inc. (HIBB) Upgraded by Vetr Inc. to “Strong-Buy”
Several other equities analysts also recently weighed in on HIBB. Canaccord Genuity set a $32.00 price target on shares of Hibbett Sports and gave the stock a hold rating in a report on Sunday, March 12th. B. Riley reiterated a neutral rating and issued a $34.00 price target on shares of Hibbett Sports in a report on Tuesday, February 14th. Forward View downgraded shares of Hibbett Sports to a hold rating and set a $34.00 price target on the stock. in a report on Sunday, January 15th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $33.00 price target (up previously from $32.00) on shares of Hibbett Sports in a report on Tuesday, March 14th. Finally, Deutsche Bank AG reiterated a hold rating and issued a $36.00 price target on shares of Hibbett Sports in a report on Thursday, February 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $35.80.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 28.45 on Monday. The stock has a market cap of $607.15 million, a P/E ratio of 10.46 and a beta of 0.84. The stock’s 50 day moving average is $28.82 and its 200-day moving average is $35.26. Hibbett Sports has a one year low of $26.80 and a one year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 10th. The company reported $0.54 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $254.45 million. During the same quarter in the prior year, the company earned $0.76 EPS. Hibbett Sports’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Hibbett Sports will post $2.73 EPS for the current year.
In other Hibbett Sports news, SVP Jared S. Briskin sold 3,040 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $28.47, for a total value of $86,548.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Hibbett Sports during the third quarter valued at approximately $100,000. Tudor Investment Corp Et Al acquired a new position in shares of Hibbett Sports during the fourth quarter worth about $216,000. Municipal Employees Retirement System of Michigan raised its position in shares of Hibbett Sports by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,700 shares of the company’s stock worth $267,000 after buying an additional 60 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Hibbett Sports during the fourth quarter worth about $282,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Hibbett Sports during the fourth quarter worth about $292,000.
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.
To view Vetr’s full report, visit Vetr’s official website.
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