Hibbett Sports (NASDAQ:HIBB) had its price objective boosted by stock analysts at Robert W. Baird to $26.00 in a report released on Friday, The Fly reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 8.51% from the stock’s current price.

A number of other analysts have also recently commented on HIBB. BidaskClub cut shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Zacks Investment Research cut shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. ValuEngine upgraded shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Susquehanna Bancshares upgraded shares of Hibbett Sports from a “neutral” rating to a “positive” rating and upped their price objective for the company from $20.00 to $27.00 in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.05.

HIBB opened at $23.96 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 0.51. Hibbett Sports has a 12 month low of $13.08 and a 12 month high of $29.60. The firm has a market capitalization of $440.51 million, a P/E ratio of 13.54, a PEG ratio of 4.69 and a beta of 0.71.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, May 24th. The company reported $1.61 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.29. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The business had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $328.16 million. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts forecast that Hibbett Sports will post 1.88 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in HIBB. Quantamental Technologies LLC acquired a new position in shares of Hibbett Sports during the 4th quarter worth about $70,000. NumerixS Investment Technologies Inc acquired a new position in shares of Hibbett Sports during the 4th quarter worth about $82,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Hibbett Sports during the 4th quarter worth about $101,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Hibbett Sports by 407.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,583 shares of the company’s stock worth $108,000 after buying an additional 6,090 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Hibbett Sports during the 4th quarter worth about $147,000.

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. 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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