BMO Capital Markets Reiterates “$10.00” Price Target for Hibbett Sports, Inc. (HIBB)
Hibbett Sports, Inc. (NASDAQ:HIBB) received a $10.00 price target from equities researchers at BMO Capital Markets in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 8.26% from the company’s previous close.
Several other analysts have also recently commented on the stock. BidaskClub cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Forward View upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price target (down previously from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Finally, Buckingham Research initiated coverage on shares of Hibbett Sports in a research note on Monday, July 17th. They issued a “neutral” rating and a $19.00 price target on the stock. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Hibbett Sports currently has an average rating of “Hold” and a consensus price target of $26.17.
Shares of Hibbett Sports (HIBB) traded down 5.22% during midday trading on Friday, hitting $10.90. The company had a trading volume of 4,344,792 shares. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $45.85. The stock has a 50 day moving average price of $16.64 and a 200 day moving average price of $24.32. The firm has a market capitalization of $226.35 million, a P/E ratio of 4.47 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. The company had revenue of $188 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. Hibbett Sports’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts anticipate that Hibbett Sports will post $1.76 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of HIBB. Dynamic Technology Lab Private Ltd bought a new position in shares of Hibbett Sports during the second quarter worth approximately $2,159,000. Public Employees Retirement System of Ohio increased its position in shares of Hibbett Sports by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 45,288 shares of the company’s stock worth $940,000 after buying an additional 771 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Hibbett Sports during the second quarter worth approximately $313,000. Verition Fund Management LLC bought a new position in shares of Hibbett Sports during the second quarter worth approximately $280,000. Finally, Dean Capital Management bought a new position in shares of Hibbett Sports during the second quarter worth approximately $3,133,000.
Hibbett Sports Company Profile
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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