Hibbett Sports, Inc. (NASDAQ:HIBB) – Research analysts at SunTrust Banks cut their Q2 2018 EPS estimates for shares of Hibbett Sports in a note issued to investors on Monday. SunTrust Banks analyst D. Magee now anticipates that the company will post earnings of ($0.20) per share for the quarter, down from their prior forecast of $0.18. SunTrust Banks also issued estimates for Hibbett Sports’ FY2018 earnings at $1.95 EPS and FY2019 earnings at $1.95 EPS.

A number of other brokerages have also recently issued reports on HIBB. Forward View upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price target (down previously from $25.00) on shares of Hibbett Sports in a research note on Tuesday. Buckingham Research initiated coverage on shares of Hibbett Sports in a research note on Monday, July 17th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Canaccord Genuity set a $25.00 price target on shares of Hibbett Sports and gave the stock a “hold” rating in a research note on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.11.

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Shares of Hibbett Sports (HIBB) traded up 5.124% during mid-day trading on Wednesday, hitting $14.875. 856,212 shares of the stock traded hands. The company’s 50-day moving average price is $20.88 and its 200 day moving average price is $26.86. The company has a market capitalization of $308.89 million, a PE ratio of 6.096 and a beta of 0.76. Hibbett Sports has a 1-year low of $13.05 and a 1-year high of $45.85.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $275.70 million for the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share.

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

Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

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