Hibbett Sports, Inc. (NASDAQ:HIBB) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

HIBB has been the topic of a number of other reports. Forward View cut shares of Hibbett Sports to a “sell” rating and set a $10.00 price target on the stock. in a research note on Monday, August 28th. BidaskClub lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 target price on shares of Hibbett Sports in a report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating and upped their target price for the stock from $11.00 to $17.00 in a report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.22.

Shares of Hibbett Sports (NASDAQ:HIBB) traded down 1.46% on Wednesday, hitting $13.50. 652,499 shares of the stock traded hands. Hibbett Sports has a 52 week low of $9.40 and a 52 week high of $45.85. The stock has a 50 day moving average price of $13.22 and a 200-day moving average price of $19.73. The stock has a market cap of $277.28 million, a price-to-earnings ratio of 6.60 and a beta of 0.78.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The company had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. Hibbett Sports’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts forecast 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 acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $11.95 per share, with a total value of $29,875.00. Following the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Newsome acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $12.13 per share, with a total value of $121,300.00. Following the purchase, the director now directly owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Insiders bought a total of 25,500 shares of company stock worth $312,595 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Hibbett Sports by 5.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after purchasing an additional 245 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Hibbett Sports by 52.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after purchasing an additional 2,650 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Hibbett Sports by 215.0% in the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after purchasing an additional 4,300 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Hibbett Sports by 135.8% in the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after purchasing an additional 3,674 shares in the last quarter.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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