Hibbett Sports Lowered to “Hold” at Jefferson Research (HIBB)
Hibbett Sports (NASDAQ:HIBB) was downgraded by equities researchers at Jefferson Research from a “buy” rating to a “hold” rating in a research report issued on Friday, American Banking and Market News reports.
Shares of Hibbett Sports (NASDAQ:HIBB) remained flat at $56.82 during trading on Friday. The stock had a trading volume of 65,407 shares. Hibbett Sports has a 52 week low of $50.01 and a 52 week high of $68.31. The stock’s 50-day moving average is $60.58 and its 200-day moving average is $59.35. The company has a market cap of $1.467 billion and a price-to-earnings ratio of 20.43.
Other equities research analysts have also recently issued reports about the stock. Analysts at EVA Dimensions LLC upgraded shares of Hibbett Sports from an “underweight” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Deutsche Bank initiated coverage on shares of Hibbett Sports in a research note on Friday, February 14th. They set a “hold” rating and a $55.00 price target on the stock. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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