Hibbett Sports PT Lowered to $55.00 (HIBB)
SunTrust decreased their price objective on shares of Hibbett Sports (NASDAQ:HIBB) from $60.00 to $55.00 in a research note issued on Monday. SunTrust’s price target would suggest a potential upside of 18.53% from the stock’s previous close.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 46.40 on Monday. 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 $49.91 and a 200-day moving average of $53.82. The company has a market cap of $1.186 billion and a price-to-earnings ratio of 17.22.
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. 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 will post $2.68 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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, August 18th. They now have a “buy” rating on the stock. Separately, 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.50.
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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