Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have earned a consensus rating of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.67.
Several research firms recently weighed in on HIBB. Bank of America upgraded shares of Hibbett Sports from an “underperform” rating to a “buy” rating and cut their price target for the company from $14.00 to $12.00 in a report on Tuesday, January 16th. Consumer Edge upgraded shares of Hibbett Sports from a “neutral” rating to an “outperform” rating in a report on Wednesday. BidaskClub cut shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Monday, January 8th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $21.00 price target on shares of Hibbett Sports in a report on Wednesday, January 3rd.
Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Hibbett Sports by 31.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 153,245 shares of the company’s stock valued at $3,180,000 after buying an additional 36,793 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Hibbett Sports by 81.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,264 shares of the company’s stock valued at $3,097,000 after buying an additional 97,278 shares in the last quarter. First Quadrant L P CA boosted its holdings in shares of Hibbett Sports by 195.3% during the 3rd quarter. First Quadrant L P CA now owns 99,372 shares of the company’s stock valued at $1,416,000 after buying an additional 65,725 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Hibbett Sports by 114.3% during the 3rd quarter. SG Americas Securities LLC now owns 36,561 shares of the company’s stock valued at $521,000 after buying an additional 19,502 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Hibbett Sports during the 2nd quarter valued at $280,000.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.22 by $0.15. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. analysts predict that Hibbett Sports will post 1.48 EPS for the current fiscal year.
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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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