Hibbett Sports (HIBB) Given New $26.00 Price Target at Robert W. Baird
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.
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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