Hibbett Sports, Inc. (NASDAQ:HIBB) shot up 6.2% on Thursday . The company traded as high as $23.10 and last traded at $23.00. 1,033,400 shares traded hands during trading, an increase of 5% from the average session volume of 980,771 shares. The stock had previously closed at $21.65.

A number of brokerages have recently weighed in on HIBB. BidaskClub lowered shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Canaccord Genuity raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, January 8th. Robert W. Baird reaffirmed a “hold” rating and set a $21.00 target price on shares of Hibbett Sports in a research note on Wednesday, January 3rd. Stifel Nicolaus set a $20.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Friday, December 15th. Finally, ValuEngine raised shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.53.

The company has a market cap of $472.45, a price-to-earnings ratio of 14.02, a PEG ratio of 6.72 and a beta of 0.96.

Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million during 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 business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. equities research analysts predict that Hibbett Sports, Inc. will post 1.49 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of HIBB. Renaissance Technologies LLC purchased a new position in Hibbett Sports in the second quarter worth about $15,077,000. Dimensional Fund Advisors LP raised its holdings in Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after buying an additional 511,443 shares during the last quarter. Koch Industries Inc. purchased a new position in Hibbett Sports in the second quarter worth about $313,000. Nordea Investment Management AB raised its holdings in Hibbett Sports by 74.6% in the second quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after buying an additional 278,395 shares during the last quarter. Finally, Dean Capital Management purchased a new position in Hibbett Sports in the second quarter worth about $3,133,000.

COPYRIGHT VIOLATION WARNING: “Hibbett Sports (HIBB) Shares Up 6.2%” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/hibbett-sports-hibb-shares-up-6-2/1805406.html.

Hibbett Sports Company Profile

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.

Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with Analyst Ratings Network's FREE daily email newsletter.