Shares of Hibbett Sports Inc. (NASDAQ:HIBB) fell 4.7% on Wednesday . The company traded as low as $37.43 and last traded at $38.08, with a volume of 451,917 shares. The stock had previously closed at $39.96.

A number of research firms have recently weighed in on HIBB. B. Riley restated a “neutral” rating and issued a $42.00 target price on shares of Hibbett Sports in a report on Wednesday. Susquehanna reduced their target price on shares of Hibbett Sports from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, May 16th. Forward View restated a “hold” rating on shares of Hibbett Sports in a report on Thursday, May 26th. Zacks Investment Research downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Hibbett Sports in a report on Monday, May 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.06.

The firm has a market capitalization of $849.92 million and a PE ratio of 12.60. The firm has a 50 day moving average of $35.99 and a 200 day moving average of $35.03.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 19th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business earned $206.90 million during the quarter. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Hibbett Sports Inc. will post $2.98 earnings per share for the current fiscal year.

In other Hibbett Sports news, Director Alton E. Yother sold 1,331 shares of Hibbett Sports stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $35.62, for a total transaction of $47,410.22. Following the transaction, the director now directly owns 1,331 shares of the company’s stock, valued at $47,410.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jared S. Briskin sold 2,000 shares of Hibbett Sports stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $34.36, for a total transaction of $68,720.00. Following the transaction, the senior vice president now directly owns 1,541 shares in the company, valued at $52,948.76. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Hibbett Sports stock. First Trust Advisors LP boosted its position in Hibbett Sports Inc. (NASDAQ:HIBB) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,986 shares of the company’s stock after buying an additional 2,224 shares during the period. First Trust Advisors LP owned about 0.19% of Hibbett Sports worth $1,300,000 at the end of the most recent reporting 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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