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.
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.
Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.