Hibbett Sports (NASDAQ:HIBB) was downgraded by Consumer Edge from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, March 21st, MarketBeat reports. They presently have a $18.54 target price on the stock. Consumer Edge’s target price points to a potential downside of 12.88% from the company’s previous close.
HIBB has been the subject of a number of other reports. ValuEngine downgraded Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 15th. Zacks Investment Research downgraded Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Canaccord Genuity set a $20.00 target price on Hibbett Sports and gave the stock a “hold” rating in a research report on Wednesday, November 28th. BidaskClub downgraded Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, Bank of America reissued an “underperform” rating and issued a $15.00 target price (down from $18.00) on shares of Hibbett Sports in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports currently has a consensus rating of “Hold” and a consensus target price of $21.75.
Shares of HIBB traded down $0.61 on Thursday, reaching $21.28. 488,600 shares of the company’s stock traded hands, compared to its average volume of 597,351. The company has a current ratio of 2.12, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $400.37 million, a price-to-earnings ratio of 12.02, a PEG ratio of 5.05 and a beta of 0.77. Hibbett Sports has a 52-week low of $13.08 and a 52-week high of $29.60.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.18. Hibbett Sports had a return on equity of 9.95% and a net margin of 2.82%. The company had revenue of $306.00 million during the quarter, compared to the consensus estimate of $282.27 million. During the same period last year, the business posted $0.44 earnings per share. Hibbett Sports’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts predict that Hibbett Sports will post 1.88 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Hibbett Sports by 4.0% in the fourth quarter. Arizona State Retirement System now owns 28,576 shares of the company’s stock worth $409,000 after acquiring an additional 1,092 shares during the period. Coatue Management LLC boosted its holdings in shares of Hibbett Sports by 7.5% in the fourth quarter. Coatue Management LLC now owns 16,495 shares of the company’s stock worth $235,000 after acquiring an additional 1,157 shares during the period. FNY Investment Advisers LLC boosted its holdings in shares of Hibbett Sports by 464.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,713 shares of the company’s stock worth $38,000 after acquiring an additional 2,232 shares during the period. Legal & General Group Plc boosted its holdings in shares of Hibbett Sports by 8.2% in the third quarter. Legal & General Group Plc now owns 40,435 shares of the company’s stock worth $768,000 after acquiring an additional 3,069 shares during the period. Finally, Walthausen & Co. LLC boosted its holdings in shares of Hibbett Sports by 5.7% in the fourth quarter. Walthausen & Co. LLC now owns 72,600 shares of the company’s stock worth $1,038,000 after acquiring an additional 3,900 shares during the period.
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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