Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.75.

A number of brokerages recently commented on HIBB. Zacks Investment Research cut Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. ValuEngine upgraded Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Finally, Susquehanna Bancshares upgraded Hibbett Sports from a “neutral” rating to a “positive” rating and raised their price target for the stock from $20.00 to $27.00 in a research report on Monday, March 25th.

Shares of NASDAQ HIBB traded up $0.01 during mid-day trading on Thursday, reaching $20.51. The company had a trading volume of 481,673 shares, compared to its average volume of 594,686. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 2.12. Hibbett Sports has a one year low of $13.08 and a one year high of $29.60. The stock has a market capitalization of $374.86 million, a P/E ratio of 11.59, a PEG ratio of 4.89 and a beta of 0.77.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.18. Hibbett Sports had a return on equity of 9.95% and a net margin of 2.82%. The company had revenue of $306.00 million for the quarter, compared to analysts’ expectations of $282.27 million. During the same quarter last year, the business earned $0.44 earnings per share. Hibbett Sports’s revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that Hibbett Sports will post 1.88 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. 6 Meridian bought a new stake in shares of Hibbett Sports during the first quarter valued at approximately $1,303,000. Geode Capital Management LLC increased its holdings in shares of Hibbett Sports by 62.4% during the fourth quarter. Geode Capital Management LLC now owns 316,699 shares of the company’s stock valued at $4,527,000 after acquiring an additional 121,688 shares in the last quarter. Norges Bank bought a new stake in shares of Hibbett Sports during the fourth quarter valued at approximately $582,000. Walthausen & Co. LLC increased its holdings in shares of Hibbett Sports by 5.7% during the fourth quarter. Walthausen & Co. LLC now owns 72,600 shares of the company’s stock valued at $1,038,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Hibbett Sports by 38.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 186,631 shares of the company’s stock valued at $2,669,000 after acquiring an additional 51,524 shares in the last quarter.

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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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