Research analysts at Canaccord Genuity raised their target price on shares of Hibbett Sports (NASDAQ: HIBB) from $56.00 to $58.00 in a report released on Monday. The firm currently has a “hold” rating on the stock.

Shares of Hibbett Sports (NASDAQ: HIBB) traded down 1.42% during mid-day trading on Monday, hitting $54.68. Hibbett Sports has a one year low of $49.78 and a one year high of $63.39. The stock’s 50-day moving average is currently $52.99. The company has a market cap of $1.413 billion and a P/E ratio of 20.39.

Hibbett Sports (NASDAQ: HIBB) last announced its earnings results on Friday, March 15th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.02. The company had revenue of $217.40 million for the quarter, compared to the consensus estimate of $216.90 million. During the same quarter last year, the company posted $0.59 earnings per share. Hibbett Sports’s revenue was up 14.0% compared to the same quarter last year. Hibbett Sports has set its FY14 guidance at $2.85-3.05 EPS. Analysts expect that Hibbett Sports will post $3.02 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of Hibbett Sports from $53.00 to $55.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Hibbett Sports from $61.00 to $63.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Hibbett Sports in a research note to investors on Tuesday, January 22nd. They now have a $60.00 price target on the stock.

Four investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and six have issued a hold rating to the company. The stock presently has an average rating of “overweight” and an average target price of $59.90.

Hibbett Sports, Inc. is an operator of sporting goods retail stores in small to mid-sized markets predominately in the Southeast, Southwest, Mid-Atlantic and Midwest regions of the United States.

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