Hibbett Sports, Inc. (NASDAQ:HIBB) has been assigned an average recommendation of “Hold” from the twenty-five ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $21.06.
A number of analysts have recently commented on HIBB shares. SunTrust Banks, Inc. restated a “hold” rating and issued a $13.00 price objective on shares of Hibbett Sports in a research report on Tuesday, October 17th. Forward View cut Hibbett Sports to a “sell” rating and set a $10.00 price target for the company. in a research report on Monday, August 28th. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. UBS AG upgraded Hibbett Sports from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Finally, Susquehanna Bancshares Inc upgraded Hibbett Sports from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $11.00 to $17.00 in a research report on Wednesday, September 20th.
In related news, Director Ralph T. Parks acquired 10,000 shares of the stock in a transaction on Friday, September 1st. The shares were bought at an average price of $12.59 per share, with a total value of $125,900.00. Following the completion of the purchase, the director now owns 22,802 shares of the company’s stock, valued at approximately $287,077.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Justin Bowman acquired 3,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were bought at an average cost of $11.84 per share, for a total transaction of $35,520.00. Following the purchase, the insider now directly owns 7,883 shares of the company’s stock, valued at approximately $93,334.72. The disclosure for this purchase can be found here. Insiders have acquired 15,500 shares of company stock worth $191,295 in the last three months. 1.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its stake in Hibbett Sports by 30.2% during the third quarter. California Public Employees Retirement System now owns 123,591 shares of the company’s stock worth $1,761,000 after buying an additional 28,691 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Hibbett Sports by 51.7% during the third quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock worth $388,000 after buying an additional 9,283 shares during the last quarter. KBC Group NV lifted its stake in shares of 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 purchasing an additional 34,317 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hibbett Sports in the 3rd quarter valued at $143,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Hibbett Sports by 39.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 291,411 shares of the company’s stock valued at $4,153,000 after purchasing an additional 82,688 shares during the last quarter.
Hibbett Sports (NASDAQ:HIBB) traded down $1.25 during trading on Monday, hitting $17.90. The stock had a trading volume of 653,600 shares, compared to its average volume of 680,745. The stock has a market capitalization of $367.67, a PE ratio of 10.35, a PEG ratio of 5.54 and a beta of 0.72. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $43.40.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. equities analysts predict that Hibbett Sports will post 1.5 earnings per share for the current fiscal 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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