Hibbett Sports (HIBB) Announces Quarterly Results
Hibbett Sports (NASDAQ:HIBB) announced its earnings results on Friday. The company reported $1.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.09, Stock Ratings Network reports. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter in the prior year, the company posted $1.00 earnings per share.
Hibbett Sports (NASDAQ:HIBB) opened at 57.11 on Friday. 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 $54.21 and a 200-day moving average of $59.03. The company has a market cap of $1.474 billion and a P/E ratio of 20.94.
A number of research firms have recently commented on HIBB. 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. On the ratings front, analysts at Sidoti upgraded shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.70.
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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