Hibbett Sports (NASDAQ:HIBB) had its price target decreased by equities research analysts at Deutsche Bank from $24.00 to $22.00 in a report issued on Monday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential upside of 14.88% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus cut their price target on Hibbett Sports from $26.00 to $22.00 and set a “hold” rating on the stock in a report on Monday. Canaccord Genuity downgraded Hibbett Sports from a “buy” rating to a “hold” rating and cut their price target for the stock from $31.00 to $21.00 in a report on Monday. Stephens upped their price target on Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, BidaskClub upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.64.

HIBB opened at $19.15 on Monday. Hibbett Sports has a 12-month low of $11.05 and a 12-month high of $29.60. The stock has a market cap of $388.86 million, a P/E ratio of 11.75, a PEG ratio of 1.43 and a beta of 0.79.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $215.55 million. During the same period in the previous year, the company posted ($0.15) EPS. Hibbett Sports’s revenue was up 12.3% on a year-over-year basis. analysts forecast that Hibbett Sports will post 1.78 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Hibbett Sports by 2,591.2% in the 2nd quarter. Millennium Management LLC now owns 415,043 shares of the company’s stock valued at $9,504,000 after acquiring an additional 399,621 shares during the last quarter. Waddell & Reed Financial Inc. increased its holdings in shares of Hibbett Sports by 14.4% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 64,500 shares of the company’s stock valued at $1,477,000 after acquiring an additional 8,100 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Hibbett Sports by 23.3% in the 2nd quarter. Bank of America Corp DE now owns 76,462 shares of the company’s stock valued at $1,750,000 after acquiring an additional 14,450 shares during the last quarter. Laurion Capital Management LP increased its holdings in shares of Hibbett Sports by 136.8% in the 2nd quarter. Laurion Capital Management LP now owns 28,417 shares of the company’s stock valued at $651,000 after acquiring an additional 16,417 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Hibbett Sports in the 2nd quarter valued at about $6,272,000.

Hibbett Sports Company Profile

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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