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Hibbett Sports (NASDAQ:HIBB)’s share price hit a new 52-week low during mid-day trading on Wednesday , reports. The company traded as low as $50.04 and last traded at $50.99, with a volume of 245,477 shares changing hands. The stock had previously closed at $50.93.

HIBB has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Hibbett Sports from $53.00 to $50.00 in a research note on Monday. Separately, 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. Finally, 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 analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $58.60.

The stock has a 50-day moving average of $54.12 and a 200-day moving average of $58.90. The company has a market cap of $1.319 billion and a P/E ratio of 18.27.

Hibbett Sports (NASDAQ:HIBB) last released its earnings data on Friday, May 23rd. The company reported $1.09 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Hibbett Sports will post $2.91 earnings per share 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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