Hibbett Sports (HIBB) Upgraded by BidaskClub to Strong-Buy
BidaskClub upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a strong-buy rating in a report released on Tuesday.
Several other research analysts also recently commented on HIBB. Zacks Investment Research downgraded shares of Hibbett Sports from a hold rating to a sell rating in a report on Tuesday, May 1st. ValuEngine downgraded shares of Hibbett Sports from a buy rating to a hold rating in a report on Wednesday, May 2nd. TheStreet raised shares of Hibbett Sports from a c rating to a b- rating in a report on Wednesday, May 9th. Canaccord Genuity raised their price target on shares of Hibbett Sports from $29.00 to $31.00 and gave the company a buy rating in a report on Tuesday, May 22nd. Finally, Bank of America downgraded shares of Hibbett Sports from a buy rating to an underperform rating and set a $28.00 price target for the company. in a report on Monday, June 18th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Hibbett Sports has a consensus rating of Hold and a consensus price target of $21.64.
HIBB opened at $19.15 on Tuesday. The company has a market capitalization of $388.86 million, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.43 and a beta of 0.79. Hibbett Sports has a 12 month low of $11.05 and a 12 month high of $29.60.
Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Hibbett Sports during the 2nd quarter valued at $101,000. C M Bidwell & Associates Ltd. raised its position in shares of Hibbett Sports by 61.7% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 7,630 shares of the company’s stock valued at $183,000 after buying an additional 2,910 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Hibbett Sports during the 1st quarter valued at $200,000. Element Capital Management LLC purchased a new stake in shares of Hibbett Sports during the 1st quarter valued at $207,000. Finally, Commerce Bank purchased a new stake in shares of Hibbett Sports during the 1st quarter valued at $215,000.
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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