BidaskClub lowered shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts have also recently weighed in on HIBB. Stifel Nicolaus boosted their price target on shares of Hibbett Sports from $22.00 to $26.00 and gave the stock a hold rating in a research report on Thursday, August 16th. Canaccord Genuity restated a buy rating and issued a $31.00 price target on shares of Hibbett Sports in a research report on Friday, August 17th. ValuEngine upgraded shares of Hibbett Sports from a hold rating to a buy rating in a research report on Thursday, August 23rd. Stephens boosted their price target on shares of Hibbett Sports from $26.00 to $28.00 and gave the stock an equal weight rating in a research report on Thursday, August 23rd. Finally, Deutsche Bank reduced their price target on shares of Hibbett Sports from $24.00 to $22.00 and set a hold rating on the stock in a research report on Monday, August 27th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $21.83.

Hibbett Sports stock opened at $16.85 on Friday. The company has a market cap of $331.97 million, a PE ratio of 10.34, a P/E/G ratio of 1.36 and a beta of 0.63. Hibbett Sports has a 1 year low of $15.50 and a 1 year high of $29.60.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, August 24th. The company reported ($0.06) earnings per share 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 during the quarter, compared to the consensus estimate of $215.55 million. During the same quarter in the prior year, the firm posted ($0.15) EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that Hibbett Sports will post 1.63 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Spark Investment Management LLC increased its position in Hibbett Sports by 28.2% during the second quarter. Spark Investment Management LLC now owns 182,600 shares of the company’s stock valued at $4,181,000 after acquiring an additional 40,200 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in Hibbett Sports by 14.4% during the second quarter. Waddell & Reed Financial Inc. now owns 64,500 shares of the company’s stock valued at $1,477,000 after acquiring an additional 8,100 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Hibbett Sports by 34.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 26,305 shares of the company’s stock valued at $602,000 after acquiring an additional 6,718 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Hibbett Sports by 9.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 397,537 shares of the company’s stock valued at $9,104,000 after acquiring an additional 33,951 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Hibbett Sports by 29.6% during the third quarter. Bank of Montreal Can now owns 146,125 shares of the company’s stock valued at $2,747,000 after acquiring an additional 33,332 shares during the last quarter.

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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