Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Hibbett Sports (HIBB) Share Price

Press coverage about Hibbett Sports (NASDAQ:HIBB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hibbett Sports earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 43.9999736831445 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Hibbett Sports (HIBB) opened at $22.65 on Wednesday. The company has a market capitalization of $432.36, a PE ratio of 13.02 and a beta of 1.06. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $33.85.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. equities analysts expect that Hibbett Sports will post 1.48 EPS for the current year.

Several analysts have weighed in on HIBB shares. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $21.00 price target on shares of Hibbett Sports in a report on Monday, November 20th. ValuEngine raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, November 22nd. BidaskClub cut Hibbett Sports from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, Canaccord Genuity raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.75.

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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.

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