Hibbett Sports Inc. (NASDAQ:HIBB)‘s stock had its “sell” rating reiterated by research analysts at Brean Capital in a report issued on Thursday.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG reissued a “hold” rating and set a $47.00 price objective on shares of Hibbett Sports in a research note on Thursday, August 25th. Piper Jaffray Cos. reduced their price objective on shares of Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Hibbett Sports in a research note on Monday, August 15th. Stifel Nicolaus assumed coverage on shares of Hibbett Sports in a research note on Friday, June 24th. They set a “hold” rating on the stock. Finally, Forward View reissued a “hold” rating and set a $35.00 price objective on shares of Hibbett Sports in a research note on Sunday, August 14th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.18.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

Hibbett Sports (NASDAQ:HIBB) traded up 0.76% during trading on Thursday, hitting $41.30. 79,238 shares of the company’s stock traded hands. Hibbett Sports has a 12-month low of $27.58 and a 12-month high of $41.49. The firm’s 50-day moving average price is $38.31 and its 200 day moving average price is $35.92. The stock has a market cap 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 released its quarterly earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $206.90 million for the quarter. Hibbett Sports had a net margin of 7.32% and a return on equity of 22.04%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. Analysts anticipate that Hibbett Sports will post $3.00 earnings per share for the current fiscal year.

In related news, VP Cathy E. Pryor sold 2,500 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the completion of the sale, the vice president now directly owns 17,108 shares of the company’s stock, valued at approximately $684,320. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Albert C. Johnson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $38.81, for a total transaction of $38,810.00. Following the sale, the director now directly owns 4,837 shares of the company’s stock, valued at $187,723.97. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HIBB. Glenmede Trust Co. NA raised its stake in Hibbett Sports by 32.4% in the first quarter. Glenmede Trust Co. NA now owns 17,930 shares of the company’s stock worth $642,000 after buying an additional 4,383 shares during the last quarter. Aperio Group LLC raised its position in shares of Hibbett Sports by 32.2% in the first quarter. Aperio Group LLC now owns 10,003 shares of the company’s stock valued at $359,000 after buying an additional 2,435 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Hibbett Sports by 106.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 13,800 shares of the company’s stock valued at $495,000 after buying an additional 7,100 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock valued at $1,969,000 after buying an additional 1,500 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Hibbett Sports by 2.6% in the first quarter. BlackRock Group LTD now owns 32,881 shares of the company’s stock valued at $1,180,000 after buying an additional 820 shares in the last quarter.

About Hibbett Sports

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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