Hibbett Sports, Inc. (NASDAQ:HIBB) was downgraded by investment analysts at Buckingham Research from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They presently have a $13.00 target price on the stock. Buckingham Research’s price objective indicates a potential downside of 32.11% from the stock’s previous close.

HIBB has been the topic of several other reports. TheStreet downgraded Hibbett Sports from a “c-” rating to a “d+” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price (down from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Credit Suisse Group reiterated an “underperform” rating and issued a $14.00 target price (down from $24.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. BMO Capital Markets set a $10.00 target price on Hibbett Sports and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Robert W. Baird set a $10.00 target price on Hibbett Sports and gave the company a “hold” rating in a research note on Friday, August 18th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Hibbett Sports currently has a consensus rating of “Hold” and an average price target of $22.56.

Hibbett Sports (NASDAQ HIBB) opened at $19.15 on Tuesday. The company has a market capitalization of $382.04, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 5.94 and a beta of 0.72. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $43.40.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.22 by $0.15. The company had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. research analysts predict that Hibbett Sports will post 1.45 earnings per share for the current fiscal year.

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In other news, Director Ralph T. Parks bought 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were bought at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the transaction, the director now owns 22,802 shares in the company, valued at $287,077.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,500 shares of company stock worth $312,595. 1.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HIBB. JPMorgan Chase & Co. boosted 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 worth $123,000 after purchasing an additional 291 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Hibbett Sports during the third quarter worth $143,000. Municipal Employees Retirement System of Michigan boosted 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 worth $161,000 after purchasing an additional 2,650 shares in the last quarter. UBS Group AG boosted 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 worth $188,000 after purchasing an additional 3,674 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Hibbett Sports during the third quarter worth $204,000.

About Hibbett Sports

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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