Hibbett Sports (HIBB) Receives Hold Rating from Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Hibbett Sports (NASDAQ:HIBB) in a report issued on Friday.

Several other research firms have also recently commented on HIBB. Forward View upgraded shares of Hibbett Sports to a hold rating and set a $18.00 price target for the company in a report on Saturday, November 18th. Buckingham Research cut shares of Hibbett Sports from a neutral rating to an underperform rating and set a $13.00 price target for the company. in a report on Tuesday, November 21st. Canaccord Genuity set a $11.00 price target on shares of Hibbett Sports and gave the stock a hold rating in a report on Monday, August 21st. Oppenheimer restated a market perform rating on shares of Hibbett Sports in a report on Tuesday, October 24th. Finally, TheStreet upgraded shares of Hibbett Sports from a d+ rating to a c rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $21.59.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at $20.75 on Friday. The company has a market cap of $429.29, a P/E ratio of 12.08, a P/E/G ratio of 6.47 and a beta of 0.96. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $41.00.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. equities research analysts forecast that Hibbett Sports will post 1.5 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of HIBB. Hotchkis & Wiley Capital Management LLC bought a new position in Hibbett Sports during the third quarter valued at approximately $143,000. Municipal Employees Retirement System of Michigan raised its position in Hibbett Sports by 52.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after acquiring an additional 2,650 shares in the last quarter. Macquarie Group Ltd. bought a new position in Hibbett Sports during the third quarter valued at approximately $204,000. Voya Investment Management LLC raised its position in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after acquiring an additional 170 shares in the last quarter.

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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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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