Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) were up 5.1% during mid-day trading on Wednesday . The company traded as high as $22.80 and last traded at $23.80. Approximately 479,733 shares were traded during trading, a decline of 37% from the average daily volume of 762,755 shares. The stock had previously closed at $22.65.

A number of analysts have recently issued reports on HIBB shares. Susquehanna Bancshares restated a “buy” rating and set a $21.00 price target on shares of Hibbett Sports in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, November 22nd. BidaskClub downgraded shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Monday, January 8th. Finally, Bank of America upgraded shares of Hibbett Sports from an “underperform” rating to a “buy” rating and dropped their target price for the company from $14.00 to $12.00 in a report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $20.75.

The company has a market cap of $492.95, a price-to-earnings ratio of 14.02 and a beta of 1.06.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million during the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. analysts anticipate that Hibbett Sports, Inc. will post 1.48 EPS for the current year.

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after acquiring an additional 511,443 shares in the last quarter. State Street Corp grew its stake in shares of Hibbett Sports by 10.4% in the second quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after acquiring an additional 74,526 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Hibbett Sports in the second quarter worth $15,077,000. Boston Partners grew its stake in shares of Hibbett Sports by 71.4% in the third quarter. Boston Partners now owns 356,390 shares of the company’s stock worth $5,078,000 after acquiring an additional 148,430 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Hibbett Sports by 15.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 335,566 shares of the company’s stock worth $6,846,000 after acquiring an additional 44,155 shares in the last quarter.

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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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