Hibbett Sports (HIBB) Lifted to Buy at BidaskClub

Hibbett Sports (NASDAQ:HIBB) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research firms have also recently commented on HIBB. Stephens raised their target price on shares of Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 23rd. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $31.00 target price on shares of Hibbett Sports in a research report on Friday, August 17th. Stifel Nicolaus raised their target price on shares of Hibbett Sports from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a research report on Friday, September 7th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.54.

Shares of NASDAQ:HIBB traded down $0.15 on Wednesday, hitting $19.24. The company had a trading volume of 6,471 shares, compared to its average volume of 867,982. Hibbett Sports has a 1 year low of $13.25 and a 1 year high of $29.60. The stock has a market cap of $352.94 million, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.43 and a beta of 0.63.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 24th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. The company had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $215.55 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Hibbett Sports will post 1.66 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new position in shares of Hibbett Sports in the 2nd quarter worth about $101,000. Martingale Asset Management L P bought a new position in shares of Hibbett Sports in the 2nd quarter worth about $219,000. Algert Global LLC bought a new position in shares of Hibbett Sports in the 2nd quarter worth about $356,000. LSV Asset Management increased its stake in shares of Hibbett Sports by 37.3% in the 3rd quarter. LSV Asset Management now owns 19,500 shares of the company’s stock worth $366,000 after acquiring an additional 5,300 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Hibbett Sports in the 3rd quarter worth about $393,000.

Hibbett Sports Company Profile

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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