Consumer Edge upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a neutral rating to an outperform rating in a research note released on Wednesday morning, The Fly reports.

Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Hibbett Sports from a buy rating to a hold rating in a research report on Saturday, February 3rd. Bank of America raised shares of Hibbett Sports from an underperform rating to a buy rating and lowered their price target for the company from $14.00 to $12.00 in a research report on Tuesday, January 16th. Canaccord Genuity raised shares of Hibbett Sports from a hold rating to a buy rating and set a $11.00 price target on the stock in a research report on Monday, January 8th. Robert W. Baird reissued a hold rating and set a $21.00 price target on shares of Hibbett Sports in a research report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Hibbett Sports from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Hibbett Sports has a consensus rating of Hold and a consensus price target of $20.75.

Hibbett Sports (NASDAQ:HIBB) opened at $24.40 on Wednesday. The firm has a market cap of $465.77, a PE ratio of 14.02 and a beta of 1.06. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $33.85.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. research analysts anticipate that Hibbett Sports will post 1.48 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial For Lutherans lifted its position in Hibbett Sports by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after buying an additional 170 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Hibbett Sports by 1.7% during the second quarter. Public Employees Retirement System of Ohio now owns 45,288 shares of the company’s stock worth $940,000 after purchasing an additional 771 shares during the period. Voya Investment Management LLC increased its stake in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after purchasing an additional 1,278 shares during the period. Virtu KCG Holdings LLC increased its stake in Hibbett Sports by 11.5% during the second quarter. Virtu KCG Holdings LLC now owns 14,197 shares of the company’s stock worth $295,000 after purchasing an additional 1,460 shares during the period. Finally, Nationwide Fund Advisors increased its stake in Hibbett Sports by 1.4% during the second quarter. Nationwide Fund Advisors now owns 127,497 shares of the company’s stock worth $2,646,000 after purchasing an additional 1,752 shares during the period.

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About Hibbett Sports

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

The Fly

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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