Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.00.
HIBB has been the subject of several recent analyst reports. Bank of America raised shares of Hibbett Sports from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $30.00 in a research note on Thursday, July 2nd. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Friday, July 24th. Zacks Investment Research raised shares of Hibbett Sports from a “strong sell” rating to a “hold” rating and set a $14.00 target price for the company in a research note on Tuesday, May 12th. BofA Securities raised shares of Hibbett Sports from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $30.00 in a research note on Thursday, July 2nd. Finally, TheStreet raised shares of Hibbett Sports from a “d+” rating to a “c-” rating in a research note on Tuesday.
HIBB stock opened at $23.19 on Wednesday. The stock has a market capitalization of $383.33 million, a P/E ratio of -24.67, a PEG ratio of 0.77 and a beta of 1.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.57 and a current ratio of 1.56. Hibbett Sports has a one year low of $7.33 and a one year high of $30.98. The company has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $19.20.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Tuesday, May 26th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.12). The firm had revenue of $269.80 million during the quarter, compared to analysts’ expectations of $211.45 million. Hibbett Sports had a positive return on equity of 5.39% and a negative net margin of 1.42%. The firm’s revenue was down 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. Research analysts forecast that Hibbett Sports will post 2.92 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in HIBB. SG Americas Securities LLC acquired a new position in shares of Hibbett Sports during the 2nd quarter valued at $123,000. UBS Group AG lifted its holdings in shares of Hibbett Sports by 635.2% during the 2nd quarter. UBS Group AG now owns 6,536 shares of the company’s stock valued at $137,000 after acquiring an additional 5,647 shares in the last quarter. AXA lifted its holdings in shares of Hibbett Sports by 18.1% during the 1st quarter. AXA now owns 13,700 shares of the company’s stock valued at $150,000 after acquiring an additional 2,100 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Hibbett Sports by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 14,775 shares of the company’s stock valued at $162,000 after acquiring an additional 737 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of Hibbett Sports by 24.1% during the 1st quarter. Texas Permanent School Fund now owns 14,966 shares of the company’s stock valued at $164,000 after acquiring an additional 2,907 shares in the last quarter.
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. 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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