Hibbett Sports, Inc. (NASDAQ:HIBB) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.00.

A number of brokerages have commented on HIBB. B. Riley reissued a “neutral” rating and issued a $29.00 price objective on shares of Hibbett Sports in a research note on Tuesday, May 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a research note on Tuesday. BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Canaccord Genuity reduced their price objective on Hibbett Sports from $22.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Robert W. Baird reissued a “neutral” rating and issued a $15.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a research note on Tuesday.

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Hibbett Sports (NASDAQ HIBB) traded up 7.25% during midday trading on Tuesday, reaching $14.05. The company’s stock had a trading volume of 1,915,769 shares. The firm has a market cap of $291.76 million, a P/E ratio of 5.76 and a beta of 0.77. The firm has a 50 day moving average of $20.88 and a 200 day moving average of $26.86. Hibbett Sports has a 52-week low of $12.90 and a 52-week high of $45.85.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Thursday, May 18th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The firm had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $275.49 million. During the same quarter last year, the firm posted $1.22 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts anticipate that Hibbett Sports will post $2.41 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after buying an additional 291 shares during the period. Mason Street Advisors LLC raised its stake in shares of Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after buying an additional 245 shares during the period. Schroder Investment Management Group raised its stake in shares of Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after buying an additional 4,300 shares during the period. UBS Group AG raised its stake in shares of Hibbett Sports by 135.8% in the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after buying an additional 3,674 shares during the period. Finally, Invictus RG acquired a new stake in shares of Hibbett Sports during the first quarter worth approximately $228,000.

About Hibbett Sports

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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