Stifel Nicolaus Trims Hibbett Sports, Inc. (HIBB) Target Price to $30.00
Other research analysts also recently issued research reports about the company. Forward View downgraded Hibbett Sports to a hold rating and set a $34.00 target price on the stock. in a research note on Sunday, January 15th. B. Riley restated a neutral rating and issued a $42.00 target price on shares of Hibbett Sports in a research note on Thursday, November 24th. Canaccord Genuity set a $40.00 target price on Hibbett Sports and gave the company a hold rating in a research note on Saturday, November 12th. Sidoti downgraded Hibbett Sports from a buy rating to a neutral rating in a research note on Friday, November 18th. Finally, Zacks Investment Research cut Hibbett Sports from a buy rating to a hold rating in a research report on Monday, November 21st. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $35.94.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 29.25 on Tuesday. The firm has a market cap of $642.39 million, a price-to-earnings ratio of 9.98 and a beta of 0.84. The firm’s 50-day moving average price is $33.59 and its 200-day moving average price is $38.21. Hibbett Sports has a 52 week low of $28.55 and a 52 week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 18th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.79 EPS. Hibbett Sports’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that Hibbett Sports will post $2.74 EPS for the current fiscal year.
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In other news, Director Alton E. Yother sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $41.49, for a total value of $207,450.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $207,450. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in Hibbett Sports during the third quarter valued at $100,000. Advisory Services Network LLC raised 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 during the period. Teacher Retirement System of Texas raised 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 during the period. Huntington National Bank raised 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 during the period. Finally, Tudor Investment Corp Et Al acquired a new stake in Hibbett Sports during the fourth quarter worth approximately $216,000.
Hibbett Sports Company Profile
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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