Hibbett Sports, Inc. (NASDAQ:HIBB) – Equities researchers at SunTrust Banks decreased their Q4 2017 earnings per share (EPS) estimates for shares of Hibbett Sports in a research note issued to investors on Tuesday. SunTrust Banks analyst D. Magee now anticipates that the brokerage will earn $0.54 per share for the quarter, down from their prior forecast of $0.68. SunTrust Banks currently has a “Hold” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for Hibbett Sports’ Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.67 EPS and FY2018 earnings at $2.75 EPS.

A number of other equities research analysts have also recently commented on HIBB. B. Riley reaffirmed a “neutral” rating and set a $34.00 price objective on shares of Hibbett Sports in a research note on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $36.00 price objective on shares of Hibbett Sports in a research note on Thursday. Canaccord Genuity set a $34.00 price objective on shares of Hibbett Sports and gave the stock a “hold” rating in a research note on Tuesday. Forward View cut shares of Hibbett Sports to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Sunday, January 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Hibbett Sports from $38.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Hibbett Sports currently has a consensus rating of “Hold” and a consensus price target of $35.94.

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

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Hibbett Sports (NASDAQ:HIBB) traded up 1.37% during midday trading on Wednesday, reaching $29.65. 168,802 shares of the company were exchanged. The firm’s 50 day moving average price is $33.59 and its 200-day moving average price is $38.21. The stock has a market capitalization of $651.17 million, a P/E ratio of 10.11 and a beta of 0.84. Hibbett Sports has a 52 week low of $28.55 and a 52 week high of $45.85.

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

A number of large investors have recently added to or reduced their stakes in HIBB. Catalyst Capital Advisors LLC bought a new stake in Hibbett Sports during the third quarter worth about $100,000. Advisory Services Network LLC boosted its stake in Hibbett Sports by 14.5% in the third quarter. Advisory Services Network LLC now owns 2,682 shares of the company’s stock worth $107,000 after buying an additional 340 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock worth $116,000 after buying an additional 403 shares in the last quarter. Huntington National Bank boosted its stake in Hibbett Sports by 17.5% in the third quarter. Huntington National Bank now owns 3,285 shares of the company’s stock worth $131,000 after buying an additional 490 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Hibbett Sports during the fourth quarter worth about $216,000.

“Q4 2017 EPS Estimates for Hibbett Sports, Inc. Reduced by Analyst (HIBB)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at http://www.watchlistnews.com/q4-2017-eps-estimates-for-hibbett-sports-inc-reduced-by-analyst-hibb/1122646.html.

In related news, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $41.49, for a total value of $207,450.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $207,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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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