Hibbett Sports, Inc. (NASDAQ:HIBB)‘s stock had its “neutral” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued on Tuesday. They presently have a $15.00 price objective on the stock, down from their previous price objective of $25.00. Robert W. Baird’s price objective would indicate a potential upside of 2.39% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Vetr cut shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating and set a $32.50 target price for the company. in a report on Wednesday, March 29th. Zacks Investment Research upgraded shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $32.00 target price (down previously from $33.00) on shares of Hibbett Sports in a report on Tuesday, April 18th. Canaccord Genuity restated a “hold” rating and set a $29.00 target price on shares of Hibbett Sports in a report on Wednesday, April 26th. Finally, B. Riley restated a “neutral” rating and set a $29.00 target price on shares of Hibbett Sports in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.61.
Shares of Hibbett Sports (NASDAQ HIBB) traded up 3.584% during midday trading on Tuesday, hitting $15.175. 366,087 shares of the company’s stock were exchanged. The firm has a market cap of $315.12 million, a price-to-earnings ratio of 6.219 and a beta of 0.76. Hibbett Sports has a 52 week low of $13.05 and a 52 week high of $45.85. The company has a 50-day moving average of $20.41 and a 200-day moving average of $26.62.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The company had revenue of $275.70 million during the quarter, compared to the consensus estimate of $275.49 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that Hibbett Sports will post $2.41 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after buying an additional 2,942,351 shares in the last quarter. FMR LLC boosted its stake in shares of Hibbett Sports by 3.9% in the first quarter. FMR LLC now owns 2,660,436 shares of the company’s stock worth $78,483,000 after buying an additional 100,929 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock worth $59,147,000 after buying an additional 140,569 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hibbett Sports by 25.2% in the first quarter. Dimensional Fund Advisors LP now owns 800,637 shares of the company’s stock worth $23,619,000 after buying an additional 161,035 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Hibbett Sports by 10.3% in the first quarter. Champlain Investment Partners LLC now owns 773,590 shares of the company’s stock worth $22,821,000 after buying an additional 72,530 shares in the last quarter.
About Hibbett Sports
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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