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Hibbett Sports, Inc. (NASDAQ:HIBB) issued an update on its FY15 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.63-2.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68, AmericanBankingNews.com reports.

Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 46.83 on Friday. Hibbett Sports, Inc. 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 (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.01. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $201.05 million. During the same quarter last year, the company posted $0.40 earnings per share. Hibbett Sports’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that Hibbett Sports, Inc. will post $2.68 earnings per share for the current fiscal year.

A number of research firms have recently commented on HIBB. 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 a related note, 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 equities 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 stock. The stock presently has a consensus rating of Hold and an average price target of $55.56.

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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