Stifel Nicolaus Reiterates “Hold” Rating for Hibbett Sports, Inc. (HIBB)

Stifel Nicolaus reaffirmed their hold rating on shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in a research report sent to investors on Friday, May 19th. Stifel Nicolaus currently has a $25.00 target price on the stock, down from their previous target price of $27.00.

HIBB has been the subject of several other research reports. B. Riley reissued a neutral rating and issued a $42.00 price target on shares of Hibbett Sports in a research note on Tuesday, February 28th. Goldman Sachs Group, Inc. (The) raised Hibbett Sports from a sell rating to a neutral rating and set a $34.00 target price for the company in a research note on Monday, January 30th. They noted that the move was a valuation call. Vetr cut Hibbett Sports from a strong-buy rating to a buy rating and set a $32.50 target price for the company. in a research note on Wednesday, March 29th. Forward View cut Hibbett Sports from a buy rating to a sell rating and set a $27.00 target price for the company. in a research note on Wednesday, February 15th. Finally, Canaccord Genuity set a $34.00 target price on Hibbett Sports and gave the stock a hold rating in a research note on Tuesday, February 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $33.40.

Shares of Hibbett Sports (NASDAQ HIBB) traded down 1.11% during trading on Friday, reaching $22.30. The company’s stock had a trading volume of 740,274 shares. Hibbett Sports has a 12 month low of $21.85 and a 12 month high of $45.85. The firm has a market cap of $463.08 million, a PE ratio of 9.14 and a beta of 0.77. The company’s 50 day moving average price is $23.87 and its 200 day moving average price is $30.49.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results 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. The company had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. On average, equities analysts predict that Hibbett Sports will post $2.43 earnings per share for the current year.

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In other news, SVP Jared S. Briskin sold 3,040 shares of Hibbett Sports stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $28.47, for a total value of $86,548.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Hibbett Sports by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 44,517 shares of the company’s stock valued at $1,313,000 after buying an additional 416 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in Hibbett Sports by 100.0% in the first quarter. Tudor Investment Corp ET AL now owns 11,600 shares of the company’s stock valued at $342,000 after buying an additional 5,800 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Hibbett Sports during the first quarter valued at about $781,000. Highbridge Capital Management LLC acquired a new stake in Hibbett Sports during the first quarter valued at about $804,000. Finally, State Street Corp raised its stake in Hibbett Sports by 9.9% in the first quarter. State Street Corp now owns 717,286 shares of the company’s stock valued at $21,161,000 after buying an additional 64,599 shares in the last quarter.

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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