Hibbett Sports (HIBB) Downgraded to Hold at BidaskClub
BidaskClub cut shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a hold rating in a research note released on Wednesday morning.
A number of other research analysts have also recently issued reports on the stock. Consumer Edge raised shares of Hibbett Sports from a neutral rating to an outperform rating in a report on Wednesday, February 7th. Bank of America raised shares of Hibbett Sports from an underperform rating to a buy rating and decreased their price target for the stock from $14.00 to $12.00 in a report on Tuesday, January 16th. Canaccord Genuity raised shares of Hibbett Sports from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Monday, January 8th. Robert W. Baird reissued a hold rating and set a $21.00 target price on shares of Hibbett Sports in a report on Wednesday, January 3rd. Finally, ValuEngine raised shares of Hibbett Sports from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Hibbett Sports has an average rating of Hold and a consensus price target of $19.73.
Hibbett Sports (NASDAQ:HIBB) opened at $25.25 on Wednesday. The stock has a market cap of $486.81, a price-to-earnings ratio of 14.51 and a beta of 1.06. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $30.75.
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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.
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