Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned a $17.00 price target by investment analysts at Canaccord Genuity in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s target price points to a potential downside of 0.58% from the company’s current price.

A number of other brokerages have also recently weighed in on HIBB. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, July 24th. Credit Suisse Group restated an “underperform” rating and set a $14.00 price objective (down from $24.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 target price (down from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Robert W. Baird reaffirmed a “neutral” rating and set a $15.00 target price (down from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 target price on shares of Hibbett Sports in a report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.56.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at $17.10 on Monday. The stock has a market capitalization of $351.23, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 6.16 and a beta of 0.72. Hibbett Sports has a one year low of $9.40 and a one year high of $43.40.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.15. The company had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. sell-side analysts expect that Hibbett Sports will post 1.28 EPS for the current fiscal year.

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In related news, CEO Jeffry O. Rosenthal acquired 2,500 shares of the stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $11.95 per share, for a total transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Justin Bowman acquired 3,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were bought at an average price 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. Over the last three months, insiders have purchased 25,500 shares of company stock valued at $312,595. 1.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial For Lutherans increased its stake in shares of Hibbett Sports by 1.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after purchasing an additional 170 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 291 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Hibbett Sports by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 44,517 shares of the company’s stock valued at $1,313,000 after purchasing an additional 416 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Hibbett Sports by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 40,131 shares of the company’s stock valued at $833,000 after purchasing an additional 470 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Hibbett Sports by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after purchasing an additional 1,278 shares during the last quarter.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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