Hibbett Sports Inc. (NASDAQ:HIBB) Given Average Recommendation of “Hold” by Brokerages
Hibbett Sports Inc. (NASDAQ:HIBB) has been given an average rating of “Hold” by the nineteen research firms that are presently covering the company. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.17.
HIBB has been the subject of a number of recent research reports. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, August 11th. Susquehanna initiated coverage on Hibbett Sports in a research note on Friday, August 12th. They issued a “positive” rating and a $45.00 target price for the company. Stifel Nicolaus initiated coverage on Hibbett Sports in a research note on Friday, June 24th. They issued a “hold” rating for the company. Brean Capital reiterated a “sell” rating and issued a $33.00 price target on shares of Hibbett Sports in a research report on Monday, August 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $47.00 price target on shares of Hibbett Sports in a research report on Thursday, August 25th.
In other Hibbett Sports news, Director Albert C. Johnson sold 1,000 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $38.81, for a total value of $38,810.00. Following the transaction, the director now owns 4,837 shares of the company’s stock, valued at $187,723.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Cathy E. Pryor sold 2,500 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the vice president now directly owns 17,108 shares in the company, valued at approximately $684,320. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Hibbett Sports by 1.2% in the first quarter. UBS Group AG now owns 68,717 shares of the company’s stock valued at $2,466,000 after buying an additional 846 shares during the last quarter. Zebra Capital Management LLC bought a new position in Hibbett Sports during the first quarter valued at $302,000. M&T Bank Corp bought a new position in Hibbett Sports during the first quarter valued at $218,000. Menta Capital LLC raised its position in Hibbett Sports by 15.2% in the first quarter. Menta Capital LLC now owns 15,944 shares of the company’s stock valued at $572,000 after buying an additional 2,100 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Hibbett Sports during the first quarter valued at $4,008,000.
Shares of Hibbett Sports (NASDAQ:HIBB) traded up 1.59% during midday trading on Wednesday, hitting $40.92. 79,632 shares of the company were exchanged. Hibbett Sports has a one year low of $27.58 and a one year high of $41.94. The company’s 50 day moving average price is $39.40 and its 200 day moving average price is $36.19. The firm has a market cap of $899.71 million, a P/E ratio of 13.35 and a beta of 1.06.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business earned $206.90 million during the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities analysts expect that Hibbett Sports will post $3.00 EPS for the current year.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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