Hibbett Sports (HIBB) Shares Up 6.2%
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.
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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.
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