Hibbett (NASDAQ:HIBB) Receives “Neutral” Rating from Monness Crespi & Hardt

Hibbett (NASDAQ:HIBB)‘s stock had its “neutral” rating reiterated by equities research analysts at Monness Crespi & Hardt in a report issued on Tuesday, Benzinga reports.

Other research analysts also recently issued reports about the stock. B. Riley raised their price target on shares of Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Telsey Advisory Group raised their price target on shares of Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Williams Trading restated a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hibbett currently has a consensus rating of “Hold” and an average target price of $72.29.

Hibbett Price Performance

Shares of HIBB stock opened at $86.51 on Tuesday. The firm has a market cap of $1.02 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.18 and a beta of 1.75. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The firm has a fifty day moving average of $74.69 and a two-hundred day moving average of $65.78.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.01. The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $2.91 EPS. On average, sell-side analysts expect that Hibbett will post 8.21 EPS for the current year.

Institutional Trading of Hibbett

A number of hedge funds and other institutional investors have recently made changes to their positions in HIBB. SG Americas Securities LLC bought a new stake in shares of Hibbett during the 3rd quarter worth about $286,000. Everence Capital Management Inc. bought a new stake in shares of Hibbett during the 3rd quarter worth about $244,000. Maryland State Retirement & Pension System bought a new stake in shares of Hibbett during the 3rd quarter worth about $223,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after buying an additional 1,654 shares in the last quarter. Finally, TD Asset Management Inc bought a new stake in shares of Hibbett during the 3rd quarter worth about $356,000. 94.08% of the stock is currently owned by institutional investors.

About Hibbett

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.