BidaskClub upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity cut shares of Hibbett Sports from a buy rating to a hold rating and lowered their target price for the stock from $31.00 to $21.00 in a research note on Monday, August 27th. Stifel Nicolaus lifted their target price on shares of Hibbett Sports from $22.00 to $26.00 and gave the stock a hold rating in a research note on Thursday, August 16th. MKM Partners lowered their target price on shares of Hibbett Sports to $20.00 and set a neutral rating on the stock in a research note on Monday, August 27th. UBS Group cut shares of Hibbett Sports from a positive rating to a neutral rating in a research note on Thursday, October 25th. Finally, Susquehanna Bancshares cut shares of Hibbett Sports from a positive rating to a neutral rating and lowered their price target for the company from $25.00 to $15.00 in a research report on Thursday, October 25th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Hibbett Sports presently has a consensus rating of Hold and a consensus price target of $21.54.

HIBB traded down $0.41 on Wednesday, hitting $18.98. 427,001 shares of the company’s stock were exchanged, compared to its average volume of 837,182. Hibbett Sports has a fifty-two week low of $13.40 and a fifty-two week high of $29.60. The stock has a market cap of $349.97 million, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.63.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. The business had revenue of $211.10 million for the quarter, compared to analyst estimates of $215.55 million. During the same period last year, the firm earned ($0.15) EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Hibbett Sports will post 1.66 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Broadview Advisors LLC boosted its position in shares of Hibbett Sports by 26.8% during the 3rd quarter. Broadview Advisors LLC now owns 310,501 shares of the company’s stock valued at $5,837,000 after acquiring an additional 65,700 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Hibbett Sports by 170.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 526,400 shares of the company’s stock valued at $9,896,000 after acquiring an additional 331,900 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Hibbett Sports during the 3rd quarter valued at about $330,000. FMR LLC boosted its position in shares of Hibbett Sports by 2.4% during the 3rd quarter. FMR LLC now owns 1,369,507 shares of the company’s stock valued at $25,746,000 after acquiring an additional 32,545 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in shares of Hibbett Sports during the 3rd quarter valued at about $274,000.

About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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