Hibbett Sports, Inc. (HIBB) Receives Average Recommendation of “Hold” from Brokerages

Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.75.

HIBB has been the subject of a number of recent analyst reports. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 15th. Zacks Investment Research cut shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Robert W. Baird boosted their target price on shares of Hibbett Sports from $16.00 to $23.00 and gave the stock a “positive” rating in a research note on Friday, March 22nd. Finally, BidaskClub cut shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th.

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new position in Hibbett Sports during the third quarter valued at $549,000. SG Americas Securities LLC bought a new position in Hibbett Sports during the third quarter valued at $393,000. JPMorgan Chase & Co. grew its holdings in Hibbett Sports by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 491,082 shares of the company’s stock valued at $9,233,000 after purchasing an additional 50,310 shares during the period. Bank of New York Mellon Corp grew its holdings in Hibbett Sports by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 602,338 shares of the company’s stock valued at $11,324,000 after purchasing an additional 43,244 shares during the period. Finally, FMR LLC grew its holdings in Hibbett Sports by 2.4% during the third quarter. FMR LLC now owns 1,369,507 shares of the company’s stock valued at $25,746,000 after purchasing an additional 32,545 shares during the period.

HIBB traded down $0.09 on Thursday, reaching $22.05. The stock had a trading volume of 1,166 shares, compared to its average volume of 1,034,701. Hibbett Sports has a 12-month low of $13.08 and a 12-month high of $29.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 2.12. The stock has a market capitalization of $407.59 million, a price-to-earnings ratio of 12.44, a PEG ratio of 5.13 and a beta of 0.77.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.18. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The company had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $282.27 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts forecast that Hibbett Sports will post 1.88 earnings per share for the current year.

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. As of March 28, 2018, it operated approximately 1,000 stores 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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