Hibbett Sports (NASDAQ:HIBB) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

HIBB has been the subject of several other research reports. Consumer Edge cut Hibbett Sports from an overweight rating to an equal weight rating and set a $18.54 price objective for the company. in a research report on Thursday, March 21st. Zacks Investment Research cut Ferroglobe from a hold rating to a sell rating in a research report on Monday, March 11th. Canaccord Genuity set a $22.00 price objective on Hibbett Sports and gave the stock a hold rating in a research report on Monday, March 25th. Bank of America set a $135.00 price objective on Lowe’s Companies and gave the stock a buy rating in a research report on Monday, May 27th. Finally, Robert W. Baird upped their price target on Hibbett Sports to $26.00 and gave the company a neutral rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $22.84.

HIBB opened at $19.78 on Tuesday. The company has a market cap of $344.01 million, a P/E ratio of 11.18, a PEG ratio of 1.44 and a beta of 0.40. The business’s 50-day moving average is $20.54. Hibbett Sports has a 52-week low of $13.08 and a 52-week high of $29.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.74.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, May 24th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.32. Hibbett Sports had a return on equity of 12.28% and a net margin of 3.19%. The business had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $328.16 million. During the same quarter in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, research analysts predict that Hibbett Sports will post 2.06 EPS for the current year.

In other Hibbett Sports news, CEO Jeffry O. Rosenthal sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $25.00, for a total value of $750,000.00. Following the completion of the transaction, the chief executive officer now owns 65,097 shares of the company’s stock, valued at approximately $1,627,425. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HIBB. JPMorgan Chase & Co. grew its stake in shares of Hibbett Sports by 150.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,270,853 shares of the company’s stock valued at $28,989,000 after purchasing an additional 763,016 shares during the period. Marshall Wace LLP boosted its position in Hibbett Sports by 5,371.0% in the 1st quarter. Marshall Wace LLP now owns 762,218 shares of the company’s stock valued at $17,387,000 after buying an additional 748,286 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Hibbett Sports by 105.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 815,110 shares of the company’s stock valued at $11,656,000 after buying an additional 418,062 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Hibbett Sports in the 1st quarter valued at $2,898,000. Finally, Geode Capital Management LLC boosted its position in Hibbett Sports by 62.4% in the 4th quarter. Geode Capital Management LLC now owns 316,699 shares of the company’s stock valued at $4,527,000 after buying an additional 121,688 shares during 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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