Hibbett Sports, Inc. (NASDAQ:HIBB) was upgraded by Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a research report issued on Wednesday.
HIBB has been the topic of several other research reports. Forward View cut shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target (down previously from $17.00) on shares of Hibbett Sports in a research note on Sunday, August 20th. Zacks Investment Research upgraded 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 note on Monday, July 24th. Sidoti upgraded shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Hibbett Sports presently has a consensus rating of “Hold” and an average target price of $21.89.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 13.15 on Wednesday. Hibbett Sports has a one year low of $9.40 and a one year high of $45.85. The stock’s 50 day moving average price is $12.94 and its 200 day moving average price is $21.39. The firm has a market capitalization of $270.09 million, a price-to-earnings ratio of 6.43 and a beta of 0.76.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. Analysts expect that Hibbett Sports will post $1.30 EPS for the current fiscal year.
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In related news, Director Ralph T. Parks bought 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the purchase, the director now directly owns 22,802 shares of the company’s stock, valued at $287,077.18. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Justin Bowman bought 3,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average price of $11.84 per share, for a total transaction of $35,520.00. Following the completion of the purchase, the insider now directly owns 7,883 shares in the company, valued at $93,334.72. The disclosure for this purchase can be found here. Insiders acquired a total of 25,500 shares of company stock worth $312,595 over the last 90 days. Insiders own 1.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of HIBB. BlackRock Inc. grew its stake in Hibbett Sports by 94,396.9% in the 1st quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after acquiring an additional 2,942,351 shares in the last quarter. Renaissance Technologies LLC bought a new position in Hibbett Sports in the 2nd quarter worth about $15,077,000. Dimensional Fund Advisors LP grew its stake in Hibbett Sports by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after acquiring an additional 511,443 shares in the last quarter. Koch Industries Inc. bought a new position in Hibbett Sports in the 2nd quarter worth about $313,000. Finally, Nordea Investment Management AB grew its stake in Hibbett Sports by 74.6% in the 2nd quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after acquiring an additional 278,395 shares in the last quarter.
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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