Stifel Nicolaus Reaffirms “Hold” Rating for Hibbett Sports, Inc. (HIBB)
Hibbett Sports, Inc. (NASDAQ:HIBB)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They currently have a $17.00 target price on the stock, down from their prior target price of $25.00. Stifel Nicolaus’ target price would indicate a potential upside of 29.77% from the stock’s current price.
Several other research analysts also recently commented on HIBB. Vetr downgraded Hibbett Sports from a “strong-buy” rating to a “buy” rating and set a $32.50 target price on the stock. in a report on Wednesday, March 29th. Zacks Investment Research raised Hibbett Sports from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $32.00 target price (down from $33.00) on shares of Hibbett Sports in a report on Tuesday, April 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $29.00 target price on shares of Hibbett Sports in a report on Wednesday, April 26th. Finally, B. Riley reaffirmed a “neutral” rating and set a $29.00 target price on shares of Hibbett Sports in a report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.53.
Hibbett Sports (NASDAQ:HIBB) traded up 5.73% during trading on Tuesday, reaching $13.85. The company’s stock had a trading volume of 762,956 shares. The firm has a 50 day moving average price of $20.88 and a 200-day moving average price of $26.86. Hibbett Sports has a 52-week low of $12.90 and a 52-week high of $45.85. The stock has a market cap of $287.61 million, a price-to-earnings ratio of 5.68 and a beta of 0.77.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Thursday, May 18th. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. On average, analysts expect that Hibbett Sports will post $2.41 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of HIBB. JPMorgan Chase & Co. increased its position in Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after buying an additional 291 shares during the period. Mason Street Advisors LLC increased its position in Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after buying an additional 245 shares during the period. Schroder Investment Management Group increased its position in Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after buying an additional 4,300 shares during the period. UBS Group AG increased its position in Hibbett Sports by 135.8% in the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after buying an additional 3,674 shares during the period. Finally, Invictus RG purchased a new position in Hibbett Sports during the first quarter worth $228,000.
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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