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Hibbett Sports (NASDAQ:HIBB) was downgraded by equities researchers at Sterne Agee to a “neutral” rating in a research report issued on Friday.

Hibbett Sports (NASDAQ:HIBB) opened at 50.07 on Friday. Hibbett Sports has a 52-week low of $49.28 and a 52-week high of $68.31. The stock’s 50-day moving average is $52.73 and its 200-day moving average is $54.90. The company has a market cap of $1.282 billion and a price-to-earnings ratio of 18.19.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Hibbett Sports will post $2.89 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on HIBB. Analysts at BMO Capital Markets downgraded shares of Hibbett Sports from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Credit Suisse downgraded shares of Hibbett Sports from a “neutral” rating to an “underperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.71.

Hibbett Sports, Inc operates sporting goods stores in small and mid-sized markets predominantly in the South, Southwest, Mid-Atlantic and the Midwest.

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