BidaskClub lowered shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Several other research analysts also recently commented on HIBB. Bank of America reduced their target price on Hibbett Sports from $30.00 to $28.00 and set a buy rating for the company in a research note on Monday, March 19th. ValuEngine downgraded Hibbett Sports from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded Hibbett Sports from a hold rating to a sell rating in a research note on Tuesday, May 1st. Canaccord Genuity set a $29.00 target price on Hibbett Sports and gave the stock a buy rating in a research note on Tuesday, April 3rd. Finally, BMO Capital Markets lifted their target price on Hibbett Sports to $27.00 and gave the stock a market perform rating in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $21.61.
Shares of NASDAQ HIBB traded up $0.05 during midday trading on Thursday, hitting $27.40. 442,400 shares of the company’s stock were exchanged, compared to its average volume of 755,116. The company has a current ratio of 3.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01. Hibbett Sports has a 12 month low of $9.40 and a 12 month high of $28.65. The company has a market capitalization of $518.43 million, a P/E ratio of 16.81, a P/E/G ratio of 1.75 and a beta of 0.83.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, March 16th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The company had revenue of $266.70 million during the quarter, compared to the consensus estimate of $261.37 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. analysts predict that Hibbett Sports will post 1.87 EPS for the current fiscal year.
In related news, VP Cathy E. Pryor sold 6,500 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the sale, the vice president now directly owns 13,300 shares in the company, valued at approximately $300,314. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alton E. Yother sold 5,000 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $28.20, for a total value of $141,000.00. Following the completion of the sale, the director now owns 16,237 shares of the company’s stock, valued at $457,883.40. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System raised its holdings in Hibbett Sports by 22.6% in the 4th quarter. California Public Employees Retirement System now owns 151,506 shares of the company’s stock valued at $3,091,000 after acquiring an additional 27,915 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Hibbett Sports by 15.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 335,566 shares of the company’s stock valued at $6,846,000 after acquiring an additional 44,155 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Hibbett Sports by 21.0% in the 3rd quarter. Wells Fargo & Company MN now owns 91,019 shares of the company’s stock valued at $1,297,000 after acquiring an additional 15,798 shares in the last quarter. AMP Capital Investors Ltd acquired a new position in Hibbett Sports in the 4th quarter valued at $380,000. Finally, Aperio Group LLC raised its holdings in Hibbett Sports by 26.8% in the 4th quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock valued at $324,000 after acquiring an additional 3,364 shares in 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. 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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