Hibbett Sports Coverage Initiated by Analysts at Deutsche Bank (HIBB)
Deutsche Bank assumed coverage on shares of Hibbett Sports (NASDAQ:HIBB) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $55.00 price target on the stock. Deutsche Bank’s price target would indicate a potential downside of 3.59% from the company’s current price.
The analysts wrote, “We see the key fundamental themes as mixed for Hibbett Sports. We see some positives and negatives as it relates to the sales line, but generally see it as an above average top line story.” In explaining his valuation Baker summarized a few key factors: Top line drivers are mixed – Hibbett should be able to grow its top line 9 percent over the next five years, above the hard line average of 6 percent. But this may be offset by industry weakness, as sales in 2013 slowed.”
Shares of Hibbett Sports (NASDAQ:HIBB) traded down 1.45% on Friday, hitting $57.05. 184,677 shares of the company’s stock traded hands. Hibbett Sports has a one year low of $50.01 and a one year high of $68.31. The stock has a 50-day moving average of $61.78 and a 200-day moving average of $59.41. The company has a market cap of $1.473 billion and a price-to-earnings ratio of 20.82.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $208.00 million for the quarter, compared to the consensus estimate of $207.54 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Hibbett Sports will post $2.76 EPS for the current fiscal year.
A number of other firms have also recently commented on HIBB. Analysts at Zacks reiterated a “neutral” rating on shares of Hibbett Sports in a research note on Thursday, December 26th. They now have a $70.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of Hibbett Sports from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd. Finally, analysts at Janney Montgomery Scott reiterated a “hold” rating on shares of Hibbett Sports in a research note on Monday, November 25th. They now have a $53.00 price target on the stock. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.11.
Hibbett Sports, Inc is an operator of sporting goods retail stores in small to mid-sized markets predominately in the Southeast, Southwest, Mid-Atlantic and Midwest regions of the United States.
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