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.

WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/hibbett-sports-inc-nasdaqhibb-stock-rating-upgraded-by-bidaskclub/1456160.html.

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.

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.