Brokerages Set Hibbett Sports, Inc. (HIBB) PT at $20.67

Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned a consensus rating of “Hold” from the twenty-five ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.67.

Several analysts recently issued reports on HIBB shares. Susquehanna Bancshares restated a “buy” rating and issued a $21.00 price objective on shares of Hibbett Sports in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, November 22nd. BidaskClub lowered shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, January 8th. Finally, Bank of America upgraded shares of Hibbett Sports from an “underperform” rating to a “buy” rating and reduced their price objective for the company from $14.00 to $12.00 in a report on Tuesday, January 16th.

Shares of Hibbett Sports (NASDAQ:HIBB) traded up $0.20 during mid-day trading on Friday, hitting $24.60. 650,200 shares of the stock traded hands, compared to its average volume of 778,831. The firm has a market cap of $501.17, a PE ratio of 14.22 and a beta of 1.06. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $30.75.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, November 17th. The company reported $0.37 earnings per share 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 analysts’ expectations of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. sell-side analysts expect that Hibbett Sports will post 1.48 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of HIBB. Renaissance Technologies LLC purchased a new stake in Hibbett Sports during the second quarter worth about $15,077,000. Dimensional Fund Advisors LP increased its stake in Hibbett Sports by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares during the period. Koch Industries Inc. purchased a new stake in Hibbett Sports during the second quarter worth about $313,000. Schroder Investment Management Group purchased a new stake in Hibbett Sports during the fourth quarter worth about $5,671,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Hibbett Sports during the fourth quarter worth about $5,567,000.

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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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