Hibbett Sports, Inc. (NASDAQ:HIBB) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a strong sell rating to a sell rating in a research note published on Wednesday morning.
Several other equities research analysts have also weighed in on the company. Buckingham Research began coverage on Hibbett Sports in a research note on Monday, July 17th. They issued a neutral rating and a $19.00 price objective on the stock. Sidoti upgraded Hibbett Sports from a neutral rating to a buy rating in a research note on Friday, July 14th. Zacks Investment Research upgraded Hibbett Sports from a sell rating to a hold rating in a research note on Tuesday, June 27th. ValuEngine lowered Hibbett Sports from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Forward View upgraded Hibbett Sports from a sell rating to a hold rating in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $32.50.
Hibbett Sports (NASDAQ:HIBB) opened at 19.70 on Wednesday. The firm has a market cap of $409.09 million, a price-to-earnings ratio of 8.07 and a beta of 0.76. The company’s 50-day moving average price is $21.26 and its 200-day moving average price is $27.23. Hibbett Sports has a 52-week low of $19.02 and a 52-week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $275.49 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Analysts predict that Hibbett Sports will post $2.41 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Hibbett Sports during the fourth quarter worth approximately $1,530,000. Comerica Bank raised its position in shares of Hibbett Sports by 4.9% in the fourth quarter. Comerica Bank now owns 24,096 shares of the company’s stock worth $819,000 after buying an additional 1,122 shares during the last quarter. State Street Corp raised its position in shares of Hibbett Sports by 5.1% in the fourth quarter. State Street Corp now owns 652,687 shares of the company’s stock worth $24,341,000 after buying an additional 31,936 shares during the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Hibbett Sports during the fourth quarter worth approximately $216,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Hibbett Sports during the fourth quarter worth approximately $388,000.
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.
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