Hibbett Sports (HIBB) Announces Quarterly Results
Hibbett Sports (NASDAQ:HIBB) posted its quarterly earnings results on Friday. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $201.05 million.
A number of analysts have recently weighed in on HIBB shares. Analysts at Needham & Company LLC cut their price target on shares of Hibbett Sports from $63.00 to $55.00 in a research note on Monday. They now have a “buy” rating on the stock. On the ratings front, 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.56.
Hibbett Sports (NASDAQ:HIBB) opened at 46.83 on Friday. Hibbett Sports has a 52 week low of $43.51 and a 52 week high of $68.31. The stock has a 50-day moving average of $50.16 and a 200-day moving average of $53.91. The company has a market cap of $1.199 billion and a price-to-earnings ratio of 16.80.
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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