Hibbett Sports (HIBB) Trading Up 5.1%
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.
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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