Hibbett Sports (HIBB) Upgraded to “Strong-Buy” by BidaskClub
BidaskClub upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a strong-buy rating in a research report released on Wednesday.
Other research analysts have also recently issued reports about the company. Susquehanna Bancshares restated a buy rating and set a $21.00 target price on shares of Hibbett Sports in a report on Monday, November 20th. ValuEngine raised shares of Hibbett Sports from a hold rating to a buy rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Hibbett Sports from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Wednesday, November 22nd. TheStreet raised shares of Hibbett Sports from a d+ rating to a c rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks reaffirmed a hold rating and set a $13.00 price target on shares of Hibbett Sports in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $21.59.
Shares of Hibbett Sports (NASDAQ HIBB) opened at $21.00 on Wednesday. The stock has a market capitalization of $432.36, a PE ratio of 12.14, a P/E/G ratio of 6.51 and a beta of 0.96. Hibbett Sports has a twelve month low of $9.40 and a twelve month high of $38.70.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a return on equity of 9.42% and a net margin of 3.18%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. research analysts expect that Hibbett Sports will post 1.5 EPS for the current year.
Large investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Hibbett Sports by 10.6% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 207,993 shares of the company’s stock worth $2,964,000 after purchasing an additional 20,013 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Hibbett Sports by 30.2% during the third quarter. California Public Employees Retirement System now owns 123,591 shares of the company’s stock worth $1,761,000 after purchasing an additional 28,691 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Hibbett Sports by 51.7% during the third quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock worth $388,000 after purchasing an additional 9,283 shares in the last quarter. KBC Group NV grew its stake in shares of Hibbett Sports by 72.1% during the third quarter. KBC Group NV now owns 81,889 shares of the company’s stock worth $1,167,000 after purchasing an additional 34,317 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hibbett Sports during the third quarter worth $143,000.
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Hibbett Sports Company Profile
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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