Hibbett Sports, Inc. (NASDAQ:HIBB) was downgraded by Forward View from a “hold” rating to a “sell” rating in a report released on Wednesday.

HIBB has been the subject of a number of other research reports. Canaccord Genuity reissued a “hold” rating and issued a $29.00 target price on shares of Hibbett Sports in a report on Wednesday, April 26th. Vetr upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Tuesday, April 4th. ValuEngine lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a report on Monday, May 1st. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $33.00) on shares of Hibbett Sports in a report on Tuesday, April 18th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.61.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at 14.65 on Wednesday. The stock’s 50 day moving average is $20.41 and its 200 day moving average is $26.62. Hibbett Sports has a 12 month low of $13.05 and a 12 month high of $45.85. The firm has a market cap of $304.22 million, a PE ratio of 6.00 and a beta of 0.76.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in Hibbett Sports by 52.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after buying an additional 2,650 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hibbett Sports by 304.4% in the second quarter. Russell Investments Group Ltd. now owns 119,986 shares of the company’s stock valued at $2,490,000 after buying an additional 90,315 shares during the period. Legato Capital Management LLC increased its stake in shares of Hibbett Sports by 888.1% in the second quarter. Legato Capital Management LLC now owns 19,722 shares of the company’s stock valued at $409,000 after buying an additional 17,726 shares during the period. First Quadrant L P CA bought a new stake in shares of Hibbett Sports during the second quarter valued at approximately $698,000. Finally, Aperio Group LLC increased its stake in shares of Hibbett Sports by 153.0% in the second quarter. Aperio Group LLC now owns 29,887 shares of the company’s stock valued at $620,000 after buying an additional 18,075 shares during the period.

Hibbett Sports Company Profile

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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