Hibbett Sports (NASDAQ:HIBB) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Several other equities research analysts have also weighed in on HIBB. TheStreet lowered shares of Hibbett Sports from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Robert W. Baird set a $10.00 target price on shares of Hibbett Sports and gave the stock a “hold” rating in a report on Friday, August 18th. Susquehanna Bancshares reiterated a “buy” rating and issued a $21.00 target price on shares of Hibbett Sports in a report on Monday, November 20th. Finally, BMO Capital Markets set a $10.00 target price on shares of Hibbett Sports and gave the stock a “hold” rating in a report on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.56.

Hibbett Sports (NASDAQ HIBB) traded down $1.20 on Friday, reaching $18.75. 1,239,604 shares of the company’s stock traded hands, compared to its average volume of 970,193. The firm has a market capitalization of $385.13, a price-to-earnings ratio of 10.84, a PEG ratio of 5.80 and a beta of 0.93. Hibbett Sports has a 12 month low of $9.40 and a 12 month high of $43.40.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.15. The company had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. equities research analysts expect that Hibbett Sports will post 1.5 earnings per share for the current year.

Several large investors have recently modified their holdings of HIBB. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Hibbett Sports by 10.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 207,993 shares of the company’s stock valued at $2,964,000 after buying an additional 20,013 shares during the last quarter. California Public Employees Retirement System increased its stake in Hibbett Sports by 30.2% in the 3rd quarter. California Public Employees Retirement System now owns 123,591 shares of the company’s stock valued at $1,761,000 after buying an additional 28,691 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Hibbett Sports by 51.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock valued at $388,000 after buying an additional 9,283 shares during the last quarter. KBC Group NV increased its stake in Hibbett Sports by 72.1% in the 3rd quarter. KBC Group NV now owns 81,889 shares of the company’s stock valued at $1,167,000 after buying an additional 34,317 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Hibbett Sports in the 3rd quarter valued at $143,000.

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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.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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