Hibbett Sports, Inc. (NASDAQ:HIBB) has earned a consensus rating of “Hold” from the twenty-four analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.69.

A number of research firms have commented on HIBB. Susquehanna Bancshares Inc raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating and upped their price objective for the company from $11.00 to $17.00 in a research note on Wednesday, September 20th. UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 20th. TheStreet lowered shares of Hibbett Sports from a “c-” rating to a “d+” rating in a research note on Wednesday, September 6th. Forward View lowered shares of Hibbett Sports to a “sell” rating and set a $10.00 price objective for the company. in a research note on Monday, August 28th. Finally, ValuEngine lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd.

WARNING: “Hibbett Sports, Inc. (HIBB) Given Consensus Rating of “Hold” by Analysts” was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/hibbett-sports-inc-hibb-given-consensus-rating-of-hold-by-analysts/1617618.html.

In other Hibbett Sports news, Director Michael J. Newsome acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $12.13 per share, with a total value of $121,300.00. Following the completion of the transaction, the director now owns 44,924 shares in the company, valued at $544,928.12. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffry O. Rosenthal acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the transaction, the chief executive officer now owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 25,500 shares of company stock worth $312,595. Insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Hibbett Sports by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after acquiring an additional 291 shares in the last quarter. Mason Street Advisors LLC raised its position in Hibbett Sports by 5.0% during the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after acquiring an additional 245 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Hibbett Sports by 52.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after acquiring an additional 2,650 shares in the last quarter. Schroder Investment Management Group raised its position in Hibbett Sports by 215.0% during the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after acquiring an additional 4,300 shares in the last quarter. Finally, UBS Group AG raised its position in Hibbett Sports by 135.8% during the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after acquiring an additional 3,674 shares in the last quarter.

Hibbett Sports (NASDAQ HIBB) traded up 2.12% during trading on Friday, hitting $14.45. 552,370 shares of the stock were exchanged. The stock’s 50-day moving average price is $12.99 and its 200-day moving average price is $20.11. The firm has a market cap of $296.79 million, a PE ratio of 7.07 and a beta of 0.78. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $45.85.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts expect that Hibbett Sports will post $1.30 EPS for the current year.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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