Bank of America upgraded shares of Hibbett Sports (NASDAQ:HIBB) from an underperform rating to a buy rating in a report issued on Thursday, BenzingaRatingsTable reports. Bank of America currently has $30.00 price target on the stock, up from their prior price target of $10.00.

HIBB has been the subject of a number of other research reports. Robert W. Baird lowered their target price on Hibbett Sports from $32.00 to $15.00 and set a neutral rating for the company in a report on Friday, March 20th. ValuEngine raised Hibbett Sports from a sell rating to a hold rating in a research note on Friday, May 1st. BidaskClub upgraded shares of Hibbett Sports from a hold rating to a buy rating in a report on Saturday, May 23rd. TheStreet lowered shares of Hibbett Sports from a c rating to a d+ rating in a report on Tuesday, May 26th. Finally, Susquehanna Bancshares upgraded shares of Hibbett Sports from a neutral rating to a positive rating and upped their price target for the company from $14.00 to $25.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $23.00.

HIBB stock traded up $2.20 during trading on Thursday, reaching $22.98. 807,169 shares of the company were exchanged, compared to its average volume of 401,576. The company has a market capitalization of $379.86 million, a price-to-earnings ratio of -24.45, a P/E/G ratio of 4.43 and a beta of 1.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.56 and a quick ratio of 0.57. The company has a 50-day moving average of $19.33 and a two-hundred day moving average of $19.72. Hibbett Sports has a twelve month low of $7.33 and a twelve month high of $30.98.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Tuesday, May 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12). Hibbett Sports had a positive return on equity of 5.39% and a negative net margin of 1.42%. The company had revenue of $269.80 million for the quarter, compared to the consensus estimate of $211.45 million. During the same period in the previous year, the firm posted $1.61 EPS. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, analysts forecast that Hibbett Sports will post 0.65 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its holdings in Hibbett Sports by 29.1% during the 4th quarter. Assetmark Inc. now owns 3,242 shares of the company’s stock worth $91,000 after purchasing an additional 731 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Hibbett Sports during the fourth quarter worth $210,000. Jane Street Group LLC acquired a new position in Hibbett Sports in the fourth quarter valued at $310,000. UBS Group AG lifted its holdings in Hibbett Sports by 302.9% in the fourth quarter. UBS Group AG now owns 12,446 shares of the company’s stock valued at $349,000 after buying an additional 9,357 shares during the period. Finally, AXA boosted its position in Hibbett Sports by 18.1% during the first quarter. AXA now owns 13,700 shares of the company’s stock valued at $150,000 after acquiring an additional 2,100 shares during the last quarter.

About Hibbett Sports

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, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names 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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