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Hibbett Sports (NASDAQ:HIBB) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $52.00 price objective on the stock, down from their previous price objective of $64.00. BMO Capital Markets’ price objective suggests a potential upside of 16.12% from the company’s current price.

A number of other firms have also recently commented on HIBB. Analysts at Credit Suisse downgraded shares of Hibbett Sports from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $42.00 price target on the stock, down previously from $50.00. 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, May 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.89.

Hibbett Sports (NASDAQ:HIBB) traded down 10.57% on Friday, hitting $44.78. The stock had a trading volume of 1,414,116 shares. Hibbett Sports has a one year low of $43.51 and a one year high of $68.31. The stock’s 50-day moving average is $52.46 and its 200-day moving average is $54.83. The company has a market cap of $1.147 billion and a P/E ratio of 17.97.

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 $2.78 earnings per share for the current fiscal year.

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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