Hibbett Sports, Inc. (HIBB) Rating Increased to Positive at UBS AG
UBS AG upgraded shares of Hibbett Sports, Inc. (NASDAQ:HIBB) from a neutral rating to a positive rating in a research note released on Wednesday, The Fly reports.
Several other analysts also recently weighed in on the stock. BidaskClub downgraded shares of Hibbett Sports from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Robert W. Baird reiterated a neutral rating and issued a $15.00 price objective (down from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a hold rating and issued a $13.00 price objective on shares of Hibbett Sports in a research report on Thursday, July 27th. Canaccord Genuity set a $11.00 price objective on shares of Hibbett Sports and gave the company a hold rating in a research report on Monday, August 21st. Finally, Forward View downgraded shares of Hibbett Sports to a sell rating and set a $10.00 price objective on the stock. in a research report on Monday, August 28th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $22.22.
Hibbett Sports (NASDAQ:HIBB) opened at 13.65 on Wednesday. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $45.85. The company’s 50-day moving average is $12.94 and its 200 day moving average is $21.39. The stock has a market capitalization of $280.36 million, a PE ratio of 6.67 and a beta of 0.76.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. During the same period in the previous year, the business posted $0.29 EPS. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts predict that Hibbett Sports will post $1.30 EPS for the current year.
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In other Hibbett Sports news, CEO Jeffry O. Rosenthal bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the acquisition, the chief executive officer now directly owns 82,703 shares of the company’s stock, valued at $988,300.85. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ralph T. Parks bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the acquisition, the director now directly owns 22,802 shares in the company, valued at $287,077.18. The disclosure for this purchase can be found here. Insiders purchased a total of 25,500 shares of company stock worth $312,595 over the last quarter. Insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $2,159,000. Public Employees Retirement System of Ohio raised its holdings in shares of Hibbett Sports by 1.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,288 shares of the company’s stock worth $940,000 after purchasing an additional 771 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $313,000. Verition Fund Management LLC bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $280,000. Finally, Dean Capital Management bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $3,133,000.
Hibbett Sports Company Profile
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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