Hibbett Sports Receives Average Rating of “Hold” from Analysts (NASDAQ:HIBB)
Hibbett Sports (NASDAQ:HIBB) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the company, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $56.89.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 45.28 on Tuesday. 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 $51.11 and its 200-day moving average is $54.28. The company has a market cap of $1.159 billion and a P/E ratio of 16.29.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results 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 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.
A number of analysts have recently weighed in on HIBB shares. Analysts at Sterne Agee downgraded shares of Hibbett Sports from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. 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, August 8th. 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, August 8th. They now have a $42.00 price target on the stock, down previously from $50.00.
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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