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.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, August 24th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). Hibbett Sports had a net margin of 3.79% and a return on equity of 11.04%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $215.55 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts predict that Hibbett Sports will post 1.68 earnings per share for the current year.

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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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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