Several analysts have recently updated their ratings and price targets for Hibbett Sports (NASDAQ: HIBB):

  • 7/25/2017 – Hibbett Sports had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $14.00 price target on the stock, down previously from $24.00.
  • 7/24/2017 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Hibbett remains focused on strategic growth initiatives, as evident from its latest store-to-home capacity and loyalty program. Moreover, it is on track to launch its eCommerce site in the third quarter, highlighting its omnichannel efforts. Additionally, Hibbett’s healthy financial status remains noteworthy. However, the company has underperformed the broader industry year to date due to back-to-back dismal sales performances. The company’s surprise history reveals that it has lagged sales estimates in eight out of the last nine quarters. Further, the year–over-year decline in first-quarter fiscal 2018 earnings and a tepid outlook for fiscal 2018 hurt the stock. Also, its consumer driven business remains prone to unstable economic conditions. Nonetheless, fiscal second quarter estimates have been stable ahead of the earnings release, and the company has a mixed record of earnings surprises in recent quarters.”
  • 7/19/2017 – Hibbett Sports was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/17/2017 – Hibbett Sports is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $19.00 price target on the stock.
  • 7/14/2017 – Hibbett Sports was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating.
  • 6/27/2017 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hibbett remains focused on strategic growth initiatives, as evident from its latest store-to-home capacity and loyalty program. Moreover, it is on track to launch its eCommerce site in the third quarter, highlighting its omnichannel efforts. Additionally, Hibbett’s healthy financial status remains noteworthy. However, the company has underperformed the broader industry year to date due to back-to-back dismal sales performances. The company’s surprise history reveals that it has lagged sales estimates in eight out of the last nine quarters. Further, the year–over-year decline in first-quarter fiscal 2018 earnings and a tepid outlook for fiscal 2018 hurt the stock. Also, its consumer driven business remains prone to unstable economic conditions. Fiscal second quarter estimates have been going down ahead of the earnings release. The company has a mixed record of earnings surprises in recent quarters.”
  • 6/2/2017 – Hibbett Sports was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Hibbett Sports, Inc. (NASDAQ HIBB) opened at 13.10 on Tuesday. The stock has a 50 day moving average price of $20.88 and a 200-day moving average price of $26.86. Hibbett Sports, Inc. has a 12-month low of $13.05 and a 12-month high of $45.85. The stock has a market cap of $272.03 million, a P/E ratio of 5.37 and a beta of 0.77.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Thursday, May 18th. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $275.49 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Hibbett Sports, Inc. will post $2.41 earnings per share for the current year.

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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