Hibbett Sports Price Target Lowered to $50.00 at Canaccord Genuity (HIBB)
Equities researchers at Canaccord Genuity dropped their target price on shares of Hibbett Sports (NASDAQ:HIBB) from $53.00 to $50.00 in a research report issued on Monday. Canaccord Genuity’s price objective would indicate a potential downside of 5.73% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.60.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 53.04 on Monday. Hibbett Sports has a one year low of $50.67 and a one year high of $68.31. The stock has a 50-day moving average of $54.18 and a 200-day moving average of $58.99. The company has a market cap of $1.371 billion and a P/E ratio of 20.49.
Hibbett Sports (NASDAQ:HIBB) last released its earnings data on Friday, May 23rd. The company reported $1.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.09. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter last year, the company posted $1.00 earnings per share. Hibbett Sports’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Hibbett Sports will post $2.93 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.