Hibbett Sports (NASDAQ:HIBB) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. Susquehanna Bancshares set a $29.00 target price on Hibbett Sports and gave the stock a “buy” rating in a research report on Monday, August 26th. ValuEngine downgraded Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 27th. Zacks Investment Research downgraded Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Monday, July 29th. Robert W. Baird set a $17.00 target price on Hibbett Sports and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Bank of America cut their target price on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Hibbett Sports currently has an average rating of “Hold” and a consensus price target of $20.26.

HIBB opened at $23.68 on Friday. The company has a market capitalization of $463.30 million, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.48. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 0.48. Hibbett Sports has a 1-year low of $13.08 and a 1-year high of $26.40. The business has a 50 day moving average price of $22.97 and a two-hundred day moving average price of $20.07.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $252.40 million during the quarter, compared to the consensus estimate of $255.71 million. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. Equities analysts expect that Hibbett Sports will post 2.19 EPS for the current fiscal year.

In other Hibbett Sports news, SVP Jared S. Briskin sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $26.00, for a total value of $26,000.00. Following the transaction, the senior vice president now owns 3,508 shares of the company’s stock, valued at $91,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Cathy E. Pryor sold 1,227 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $23.00, for a total value of $28,221.00. Following the completion of the transaction, the vice president now directly owns 11,446 shares in the company, valued at approximately $263,258. The disclosure for this sale can be found here. Insiders sold 13,227 shares of company stock worth $329,221 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HIBB. FMR LLC increased its holdings in shares of Hibbett Sports by 0.3% in the first quarter. FMR LLC now owns 1,329,262 shares of the company’s stock valued at $30,321,000 after buying an additional 3,600 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Hibbett Sports in the second quarter valued at $500,000. 6 Meridian increased its holdings in shares of Hibbett Sports by 0.9% in the second quarter. 6 Meridian now owns 57,639 shares of the company’s stock valued at $1,049,000 after buying an additional 532 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Hibbett Sports by 93.3% in the second quarter. Janney Montgomery Scott LLC now owns 33,330 shares of the company’s stock valued at $607,000 after buying an additional 16,089 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP bought a new position in shares of Hibbett Sports in the second quarter valued at $8,216,000.

About Hibbett Sports

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. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names 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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