Canaccord Genuity upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports. The firm currently has $11.00 price objective on the stock.

HIBB has been the subject of a number of other reports. Susquehanna Bancshares reissued a buy rating and issued a $21.00 target price on shares of Hibbett Sports in a research report on Monday, November 20th. SunTrust Banks reissued a hold rating and issued a $13.00 target price on shares of Hibbett Sports in a research report on Tuesday, October 17th. Stifel Nicolaus set a $20.00 target price on Hibbett Sports and gave the company a hold rating in a research report on Friday, December 15th. Bank of America upped their target price on Hibbett Sports from $10.00 to $12.00 and gave the company an underperform rating in a research report on Monday, November 20th. Finally, Zacks Investment Research raised Hibbett Sports from a hold rating to a buy rating and set a $22.00 target price for the company in a research report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $21.53.

Hibbett Sports (HIBB) opened at $23.00 on Monday. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $35.30. The company has a market capitalization of $410.41, a PE ratio of 13.22, a PEG ratio of 6.72 and a beta of 0.96.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The business had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. analysts expect that Hibbett Sports will post 1.49 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial For Lutherans lifted its holdings in shares of Hibbett Sports by 1.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after buying an additional 170 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hibbett Sports by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 40,131 shares of the company’s stock valued at $833,000 after buying an additional 470 shares during the period. Public Employees Retirement System of Ohio lifted 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 valued at $940,000 after buying an additional 771 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Hibbett Sports by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after buying an additional 1,278 shares during the period. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Hibbett Sports by 11.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,197 shares of the company’s stock valued at $295,000 after buying an additional 1,460 shares during the period.

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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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