Hibbett Sports, Inc. (NASDAQ:HIBB) was upgraded by Forward View to a “hold” rating in a report issued on Saturday. The brokerage presently has a $18.00 price objective on the stock. Forward View’s price objective would suggest a potential upside of 5.26% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 24th. ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. TheStreet downgraded shares of Hibbett Sports from a “c-” rating to a “d+” rating in a research report on Wednesday, September 6th. Canaccord Genuity set a $11.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $12.00 price objective (down previously from $17.00) on shares of Hibbett Sports in a report on Sunday, August 20th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.22.

Hibbett Sports (NASDAQ HIBB) opened at $17.10 on Friday. Hibbett Sports has a 1 year low of $9.40 and a 1 year high of $43.40. The stock has a market cap of $351.23, a price-to-earnings ratio of 9.88, a P/E/G ratio of 6.11 and a beta of 0.72.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. During the same quarter in the previous year, the company earned $0.66 EPS. Hibbett Sports’s quarterly revenue was up .3% compared to the same quarter last year. equities research analysts expect that Hibbett Sports will post 1.28 earnings per share for the current year.

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In related news, insider Scott Justin Bowman purchased 3,000 shares of Hibbett Sports stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average price of $11.84 per share, for a total transaction of $35,520.00. Following the completion of the transaction, the insider now owns 7,883 shares in the company, valued at $93,334.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Newsome purchased 10,000 shares of Hibbett Sports stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $12.13 per share, with a total value of $121,300.00. Following the transaction, the director now owns 44,924 shares of the company’s stock, valued at approximately $544,928.12. The disclosure for this purchase can be found here. In the last quarter, insiders bought 25,500 shares of company stock valued at $312,595. 1.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HIBB. JPMorgan Chase & Co. grew its position in Hibbett Sports by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Hibbett Sports during the third quarter valued at about $143,000. Municipal Employees Retirement System of Michigan grew its position in Hibbett Sports by 52.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after buying an additional 2,650 shares during the period. UBS Group AG grew its position in Hibbett Sports by 135.8% during the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after buying an additional 3,674 shares during the period. Finally, Macquarie Group Ltd. bought a new position in Hibbett Sports during the third quarter valued at about $204,000.

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.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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