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Analysts at Needham & Company LLC lowered their target price on shares of Hibbett Sports (NASDAQ:HIBB) from $63.00 to $55.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 21.47% from the company’s current price.

Several other analysts have also 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, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $55.56.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at 45.28 on Monday. Hibbett Sports has a 1-year low of $43.51 and a 1-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 announced its 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. On average, analysts predict that Hibbett Sports will post $2.68 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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