Hibbett Sports Inc. (NASDAQ:HIBB) – Equities researchers at B. Riley cut their FY2018 earnings per share estimates for Hibbett Sports in a report issued on Monday. B. Riley analyst M. Kummetz now anticipates that the brokerage will post earnings of $3.15 per share for the year, down from their prior estimate of $3.24. B. Riley currently has a “Neutral” rating and a $44.00 target price on the stock. B. Riley also issued estimates for Hibbett Sports’ FY2019 earnings at $3.41 EPS.

A number of other research firms also recently commented on HIBB. Sidoti downgraded Hibbett Sports from a “buy” rating to a “neutral” rating in a report on Friday. Canaccord Genuity set a $40.00 price target on Hibbett Sports and gave the stock a “hold” rating in a report on Saturday, November 12th. Brean Capital reissued a “sell” rating on shares of Hibbett Sports in a report on Thursday, September 22nd. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, October 24th. Finally, Forward View raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Sunday, September 18th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.00.

Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

Shares of Hibbett Sports (NASDAQ:HIBB) traded up 1.49% on Tuesday, reaching $40.95. The company had a trading volume of 275,429 shares. Hibbett Sports has a 12 month low of $28.23 and a 12 month high of $45.85. The company has a market capitalization of $900.37 million, a price-to-earnings ratio of 13.36 and a beta of 0.85. The stock has a 50 day moving average price of $40.77 and a 200-day moving average price of $37.48.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, November 18th. The company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.08. Hibbett Sports had a return on equity of 20.53% and a net margin of 6.84%. The business had revenue of $237 million for the quarter. During the same quarter in the previous year, the company earned $0.79 earnings per share. Hibbett Sports’s revenue for the quarter was up 3.8% compared to the same quarter last year.

In related news, Director Michael J. Newsome sold 10,000 shares of Hibbett Sports stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $39.97, for a total value of $399,700.00. Following the transaction, the director now directly owns 29,882 shares in the company, valued at approximately $1,194,383.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Albert C. Johnson sold 1,000 shares of Hibbett Sports stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $38.81, for a total value of $38,810.00. Following the completion of the transaction, the director now owns 4,837 shares in the company, valued at $187,723.97. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of HIBB. Societe Generale bought a new position in shares of Hibbett Sports during the second quarter worth about $338,000. Quantitative Investment Management LLC boosted its position in shares of Hibbett Sports by 8.8% in the second quarter. Quantitative Investment Management LLC now owns 8,700 shares of the company’s stock worth $302,000 after buying an additional 700 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Hibbett Sports by 60.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 543,067 shares of the company’s stock worth $18,894,000 after buying an additional 204,526 shares during the last quarter. Henderson Group PLC boosted its position in shares of Hibbett Sports by 57.7% in the second quarter. Henderson Group PLC now owns 297,948 shares of the company’s stock worth $10,366,000 after buying an additional 109,053 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Hibbett Sports by 97.1% in the second quarter. Hood River Capital Management LLC now owns 264,666 shares of the company’s stock valued at $9,208,000 after buying an additional 130,410 shares during the period.

About Hibbett Sports

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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