Brokerages Set Hibbett Sports, Inc. (HIBB) Target Price at $20.31
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have received an average rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.31.
A number of analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Hibbett Sports in a report on Monday, May 22nd. Forward View raised Hibbett Sports from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. Feltl & Co. raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Monday, May 22nd. MKM Partners reaffirmed a “neutral” rating and issued a $24.00 target price (down previously from $27.00) on shares of Hibbett Sports in a report on Monday, May 22nd. Finally, ValuEngine lowered Hibbett Sports from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
In related news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of $11.95 per share, with a total value of $29,875.00. Following the purchase, the chief executive officer now directly owns 82,703 shares in the company, valued at $988,300.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Justin Bowman purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average cost of $11.84 per share, for a total transaction of $35,520.00. Following the purchase, the insider now owns 7,883 shares in the company, valued at $93,334.72. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 25,500 shares of company stock worth $312,595. 1.60% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Hibbett Sports by 5.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after buying an additional 245 shares in the last quarter. Schroder Investment Management Group boosted its stake in Hibbett Sports by 215.0% in the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after buying an additional 4,300 shares in the last quarter. UBS Group AG boosted its stake in Hibbett Sports by 135.8% in the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after buying an additional 3,674 shares in the last quarter. Finally, Invictus RG acquired a new stake in Hibbett Sports in the 1st quarter valued at $228,000.
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Hibbett Sports (NASDAQ:HIBB) traded up 4.53% during trading on Wednesday, hitting $13.85. The stock had a trading volume of 1,805,724 shares. The company’s 50-day moving average is $13.07 and its 200 day moving average is $21.76. The firm has a market cap of $284.47 million, a PE ratio of 6.77 and a beta of 0.76. Hibbett Sports has a 52 week low of $9.40 and a 52 week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $190.31 million. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Equities analysts expect that Hibbett Sports will post $1.30 EPS for the current fiscal year.
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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