Hibbett Sports’ (HIBB) Hold Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reiterated their hold rating on shares of Hibbett Sports Inc. (NASDAQ:HIBB) in a research report report published on Monday morning. They currently have a $40.00 price objective on the stock.
HIBB has been the topic of a number of other research reports. Forward View restated a hold rating and set a $35.00 price target on shares of Hibbett Sports in a report on Sunday, August 14th. B. Riley restated a neutral rating and set a $42.00 price target on shares of Hibbett Sports in a report on Saturday, August 27th. Piper Jaffray Cos. cut their price target on shares of Hibbett Sports from $51.00 to $41.00 and set a neutral rating on the stock in a report on Thursday, August 25th. Sidoti lowered shares of Hibbett Sports from a buy rating to a neutral rating in a report on Friday. Finally, Canaccord Genuity set a $40.00 price target on shares of Hibbett Sports and gave the company a hold rating in a report on Saturday, November 12th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Hibbett Sports presently has an average rating of Hold and a consensus price target of $39.00.
Hibbett Sports (NASDAQ:HIBB) traded up 1.177% during trading on Monday, hitting $40.825. 101,953 shares of the company traded hands. Hibbett Sports has a one year low of $28.23 and a one year high of $45.85. The firm has a market cap of $897.62 million, a P/E ratio of 13.315 and a beta of 0.85. The firm has a 50 day moving average of $40.77 and a 200 day moving average of $37.48.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, November 18th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by $0.08. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The business had revenue of $237 million for the quarter. During the same period in the previous year, the company posted $0.79 earnings per share. Hibbett Sports’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that Hibbett Sports will post $3.00 earnings per share for the current fiscal year.
In other Hibbett Sports news, Director Michael J. Newsome sold 10,000 shares of Hibbett Sports stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $39.97, for a total value of $399,700.00. Following the transaction, the director now owns 29,882 shares of the company’s stock, valued at $1,194,383.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Cathy E. Pryor sold 2,500 shares of Hibbett Sports stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $40.00, for a total transaction 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. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Societe Generale acquired a new stake in Hibbett Sports during the second quarter worth about $338,000. Quantitative Investment Management LLC increased 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 increased 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 increased 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 increased its position 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 worth $9,208,000 after buying an additional 130,410 shares during the last quarter.
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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