Hibbett Sports, Inc. (NASDAQ:HIBB) shares rose 0.5% during trading on Tuesday . The company traded as high as $21.50 and last traded at $20.40. Approximately 633,100 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 700,366 shares. The stock had previously closed at $20.50.
HIBB has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Hibbett Sports from $10.00 to $16.00 and gave the stock a “positive” rating in a research report on Friday, November 17th. Forward View upgraded Hibbett Sports to a “hold” rating and set a $18.00 price target on the stock in a research report on Saturday, November 18th. Buckingham Research cut Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Tuesday, November 21st. Oppenheimer restated a “market perform” rating on shares of Hibbett Sports in a research report on Tuesday, October 24th. Finally, TheStreet upgraded Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Hibbett Sports has a consensus rating of “Hold” and a consensus target price of $21.88.
The stock has a market cap of $407.54, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 6.66 and a beta of 0.96.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly 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 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 quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. equities analysts forecast that Hibbett Sports, Inc. will post 1.49 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of HIBB. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hibbett Sports in the third quarter worth approximately $143,000. Macquarie Group Ltd. acquired a new position in shares of Hibbett Sports in the third quarter worth approximately $204,000. Voya Investment Management LLC lifted its stake in shares of Hibbett Sports by 11.9% in the second 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 period. Thrivent Financial For Lutherans lifted its stake in shares of Hibbett Sports by 1.4% in the second 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 period. Finally, Verition Fund Management LLC acquired a new position in shares of Hibbett Sports in the second quarter worth approximately $280,000.
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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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