Hibbett Sports’ (HIBB) “Sell” Rating Reiterated at Brean Capital
Hibbett Sports Inc. (NASDAQ:HIBB)‘s stock had its “sell” rating reaffirmed by stock analysts at Brean Capital in a research note issued on Thursday.
Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, July 25th. Forward View upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Sunday. Stifel Nicolaus assumed coverage on Hibbett Sports in a research report on Friday, June 24th. They issued a “hold” rating on the stock. Canaccord Genuity restated a “hold” rating and issued a $36.00 price objective on shares of Hibbett Sports in a research report on Wednesday, August 17th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $47.00 price objective on shares of Hibbett Sports in a research report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Hibbett Sports has a consensus rating of “Hold” and a consensus target price of $38.18.
Hibbett Sports (NASDAQ:HIBB) traded up 0.76% during trading on Thursday, reaching $41.30. The company’s stock had a trading volume of 67,349 shares. Hibbett Sports has a 1-year low of $27.58 and a 1-year high of $41.49. The company’s 50-day moving average is $38.31 and its 200-day moving average is $35.92. The company has a market capitalization of $908.06 million, a P/E ratio of 13.47 and a beta of 1.08.
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Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The company had revenue of $206.90 million for the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Hibbett Sports will post $3.00 EPS for the current year.
In other Hibbett Sports news, Director Alton E. Yother sold 1,331 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $35.62, for a total transaction of $47,410.22. Following the completion of the sale, the director now owns 1,331 shares in the company, valued at approximately $47,410.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Cathy E. Pryor sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the sale, the vice president now owns 17,108 shares of the company’s stock, valued at approximately $684,320. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Hibbett Sports by 72.8% in the second quarter. BlackRock Inc. now owns 2,980 shares of the company’s stock worth $104,000 after buying an additional 1,255 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock worth $116,000 after buying an additional 403 shares during the period. Acrospire Investment Management LLC raised its stake in shares of Hibbett Sports by 105.9% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $122,000 after buying an additional 1,800 shares during the period. Bank of Montreal Can acquired a new stake in shares of Hibbett Sports during the second quarter worth $135,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Hibbett Sports during the second quarter worth $152,000.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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