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Shares of Hibbett Sports (NASDAQ:HIBB) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the stock, Stock Ratings Network reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $56.89.

Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Hibbett Sports from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, 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. They now have a $52.00 price target on the stock, down previously from $64.00. Finally, 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.

Hibbett Sports (NASDAQ:HIBB) opened at 44.90 on Tuesday. Hibbett Sports has a one year low of $43.51 and a one year high of $68.31. The stock has a 50-day moving average of $52.16 and a 200-day moving average of $54.67. The company has a market cap of $1.150 billion and a price-to-earnings ratio of 16.18.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results 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 $2.68 EPS 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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