Hibbett Sports (NASDAQ:HIBB) had its price objective upped by Susquehanna Bancshares from $25.00 to $30.00 in a research note issued to investors on Friday, The Fly reports.

A number of other analysts also recently weighed in on the stock. BofA Securities raised shares of Hibbett Sports from an underperform rating to a buy rating and increased their price target for the company from $10.00 to $30.00 in a report on Thursday, July 2nd. ValuEngine raised shares of Hibbett Sports from a sell rating to a hold rating in a report on Friday, May 1st. Zacks Investment Research raised shares of Hibbett Sports from a strong sell rating to a hold rating and set a $14.00 price target for the company in a report on Tuesday, May 12th. Robert W. Baird reduced their price target on shares of Hibbett Sports from $32.00 to $15.00 and set a neutral rating for the company in a report on Friday, March 20th. Finally, TheStreet downgraded shares of Hibbett Sports from a c rating to a d+ rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $23.83.

NASDAQ:HIBB opened at $21.68 on Friday. Hibbett Sports has a 1 year low of $7.33 and a 1 year high of $30.98. The firm’s fifty day simple moving average is $20.72 and its 200 day simple moving average is $19.45. The company has a current ratio of 1.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $373.14 million, a PE ratio of -23.06, a PEG ratio of 3.16 and a beta of 1.61.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12). Hibbett Sports had a negative net margin of 1.42% and a positive return on equity of 5.39%. The company had revenue of $269.80 million during the quarter, compared to the consensus estimate of $211.45 million. During the same period last year, the company earned $1.61 earnings per share. Hibbett Sports’s revenue for the quarter was down 21.4% on a year-over-year basis. As a group, analysts anticipate that Hibbett Sports will post 0.93 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Jefferies Group LLC lifted its holdings in shares of Hibbett Sports by 3.0% during the 4th quarter. Jefferies Group LLC now owns 17,045 shares of the company’s stock worth $478,000 after acquiring an additional 494 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Hibbett Sports by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 14,775 shares of the company’s stock worth $162,000 after acquiring an additional 737 shares during the period. Globeflex Capital L P increased its position in shares of Hibbett Sports by 2.4% during the 1st quarter. Globeflex Capital L P now owns 65,709 shares of the company’s stock worth $719,000 after purchasing an additional 1,560 shares in the last quarter. AXA increased its position in shares of Hibbett Sports by 18.1% during the 1st quarter. AXA now owns 13,700 shares of the company’s stock worth $150,000 after purchasing an additional 2,100 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Hibbett Sports by 17.5% during the 1st quarter. State of Alaska Department of Revenue now owns 15,646 shares of the company’s stock worth $171,000 after purchasing an additional 2,333 shares in the last quarter.

About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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