Hibbett Sports, Inc. (HIBB) Receives Consensus Rating of “Hold” from Brokerages
Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned a consensus rating of “Hold” from the twenty-five research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.50.
A number of brokerages recently issued reports on HIBB. Canaccord Genuity upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday, January 8th. 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. SunTrust Banks reiterated a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a report on Tuesday, October 17th. Stifel Nicolaus set a $20.00 target price on Hibbett Sports and gave the stock a “hold” rating in a report on Friday, December 15th. Finally, Bank of America raised their price objective on Hibbett Sports from $10.00 to $12.00 and gave the company an “underperform” rating in a research note on Monday, November 20th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Hibbett Sports during the 3rd quarter worth $143,000. Macquarie Group Ltd. purchased a new stake in Hibbett Sports in the 3rd quarter worth about $204,000. Voya Investment Management LLC increased its holdings in Hibbett Sports by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after acquiring an additional 1,278 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Hibbett Sports by 1.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after acquiring an additional 170 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Hibbett Sports in the 2nd quarter worth about $280,000.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $219.38 million. During the same period last year, the business earned $0.66 EPS. Hibbett Sports’s quarterly revenue was up .3% compared to the same quarter last year. sell-side analysts anticipate that Hibbett Sports will post 1.5 EPS for the current year.
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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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