Hibbett Sports Inc. (NASDAQ:HIBB)’s share price dropped 3.7% during trading on Thursday . The company traded as low as $34.94 and last traded at $35.07, with a volume of 457,485 shares traded. The stock had previously closed at $36.41.

Several research firms recently weighed in on HIBB. Zacks Investment Research cut Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Bank of America Corp. cut Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Wednesday, April 6th. Deutsche Bank AG restated a “hold” rating on shares of Hibbett Sports in a research note on Wednesday, April 6th. Brean Capital restated a “hold” rating and set a $30.00 target price on shares of Hibbett Sports in a research note on Thursday, May 19th. Finally, MKM Partners began coverage on Hibbett Sports in a research note on Friday, April 29th. They set a “neutral” rating and a $39.00 target price for the company. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.41.

The company has a market cap of $781.44 million and a price-to-earnings ratio of 11.59. The stock’s 50-day moving average price is $35.16 and its 200-day moving average price is $34.44.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, May 20th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The company earned $282.10 million during the quarter. During the same period in the prior year, the business posted $1.09 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Hibbett Sports Inc. will post $2.99 EPS for the current year.

In other Hibbett Sports news, VP Cathy E. Pryor sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $35.18, for a total transaction of $175,900.00. Following the completion of the sale, the vice president now owns 19,608 shares in the company, valued at approximately $689,809.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alton E. Yother sold 1,331 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $35.62, for a total value of $47,410.22. Following the sale, the director now owns 1,331 shares of the company’s stock, valued at approximately $47,410.22. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of HIBB. First Trust Advisors LP raised its stake in shares of Hibbett Sports by 5.5% in the fourth quarter. First Trust Advisors LP now owns 42,986 shares of the company’s stock worth $1,300,000 after buying an additional 2,224 shares during the period. Whitebox Advisors LLC acquired a new stake in shares of Hibbett Sports during the fourth quarter worth $1,920,000. New York State Common Retirement Fund raised its stake in shares of Hibbett Sports by 645.9% in the fourth quarter. New York State Common Retirement Fund now owns 176,043 shares of the company’s stock worth $5,324,000 after buying an additional 152,443 shares during the period. Morgan Stanley raised its stake in shares of Hibbett Sports by 156.9% in the fourth quarter. Morgan Stanley now owns 320,843 shares of the company’s stock worth $9,702,000 after buying an additional 195,960 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Hibbett Sports by 13.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 283,645 shares of the company’s stock worth $9,760,000 after buying an additional 33,327 shares during the period.

Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets, predominantly in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores.

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