Hibbett Sports, Inc. (HIBB) Given Consensus Recommendation of “Hold” by Analysts
Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned an average recommendation of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.38.
Several analysts have issued reports on HIBB shares. 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, July 25th. Forward View downgraded shares of Hibbett Sports to a “sell” rating and set a $10.00 price target for the company. in a research note on Monday, August 28th. Zacks Investment Research raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, July 24th. BidaskClub raised shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 20th.
In other news, Director Ralph T. Parks purchased 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $12.59 per share, with a total value of $125,900.00. Following the completion of the acquisition, the director now owns 22,802 shares of the company’s stock, valued at $287,077.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffry O. Rosenthal purchased 2,500 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The disclosure for this purchase can be found here. Insiders acquired 25,500 shares of company stock worth $312,595 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after purchasing an additional 2,942,351 shares during the last quarter. Vanguard Group Inc. grew its holdings in Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock worth $59,147,000 after purchasing an additional 140,569 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares during the last quarter. State Street Corp grew its holdings in Hibbett Sports by 10.4% in the second quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after purchasing an additional 74,526 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its holdings in Hibbett Sports by 2.5% in the second quarter. Oak Ridge Investments LLC now owns 731,815 shares of the company’s stock worth $15,185,000 after purchasing an additional 17,899 shares during the last quarter.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share.
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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.
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