Hibbett Sports Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:HIBB)
Hibbett Sports (NASDAQ:HIBB) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Analyst Ratings Network reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.70.
HIBB has been the subject of a number of recent research reports. Analysts at Bank of America initiated coverage on shares of Hibbett Sports in a research note on Tuesday, May 6th. They set a “buy” rating and a $64.00 price target on the stock. Separately, analysts at Sidoti upgraded shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th.
Shares of Hibbett Sports (NASDAQ:HIBB) traded up 0.06% on Thursday, hitting $56.574. 25,375 shares of the company’s stock traded hands. Hibbett Sports has a 52-week low of $50.67 and a 52-week high of $68.31. The stock has a 50-day moving average of $54.13 and a 200-day moving average of $59.05. The company has a market cap of $1.461 billion and a price-to-earnings ratio of 20.94.
Hibbett Sports (NASDAQ:HIBB) last released its earnings data on Friday, March 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.06. The company had revenue of $217.80 million for the quarter, compared to the consensus estimate of $221.33 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Hibbett Sports will post $2.90 EPS for the current fiscal year.
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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