Hibbett Sports, Inc. (NASDAQ:HIBB) received a $10.00 target price from research analysts at Robert W. Baird in a research report issued on Friday. The brokerage currently has a “hold” rating on the stock. Robert W. Baird’s price objective points to a potential downside of 13.04% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Forward View downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $13.00 price target on shares of Hibbett Sports in a research report on Thursday, July 27th. Finally, Canaccord Genuity reduced their price target on shares of Hibbett Sports from $22.00 to $14.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.33.

Hibbett Sports (NASDAQ:HIBB) traded down 15.435% on Friday, reaching $9.725. 675,578 shares of the company’s stock were exchanged. Hibbett Sports has a 1-year low of $9.70 and a 1-year high of $45.85. The firm has a market capitalization of $201.95 million, a price-to-earnings ratio of 3.986 and a beta of 0.71. The stock’s 50 day moving average price is $16.92 and its 200 day moving average price is $24.49.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The company had revenue of $188 million for the quarter, compared to the consensus estimate of $190.31 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect that Hibbett Sports will post $1.76 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Lombardia Capital Partners LLC bought a new position in Hibbett Sports during the fourth quarter valued at approximately $24,956,000. Thrivent Financial for Lutherans boosted its position in Hibbett Sports by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,130 shares of the company’s stock valued at $452,000 after buying an additional 780 shares during the last quarter. Acadian Asset Management bought a new position in Hibbett Sports during the fourth quarter valued at approximately $1,405,000. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Hibbett Sports by 11.0% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 20,845 shares of the company’s stock valued at $630,000 after buying an additional 2,065 shares during the last quarter. Finally, Philadelphia Trust Co. bought a new position in Hibbett Sports during the fourth quarter valued at approximately $1,373,000.

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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