ValuEngine upgraded shares of Hibbett Sports (NASDAQ:HIBB) from a buy rating to a strong-buy rating in a research report released on Friday morning.
Several other research firms have also recently weighed in on HIBB. Susquehanna Bancshares restated a buy rating and set a $21.00 target price on shares of Hibbett Sports in a research note on Monday, November 20th. Buckingham Research cut Hibbett Sports from a neutral rating to an underperform rating and set a $13.00 target price for the company. in a research note on Tuesday, November 21st. Zacks Investment Research cut Hibbett Sports from a buy rating to a hold rating in a research note on Thursday, November 23rd. TheStreet upgraded Hibbett Sports from a d+ rating to a c rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets boosted their target price on Hibbett Sports from $10.00 to $17.00 and gave the stock a market perform rating in a research note on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $22.56.
Hibbett Sports (HIBB) opened at $19.85 on Friday. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $43.40. The company has a market capitalization of $385.12, a PE ratio of 10.84, a PEG ratio of 5.80 and a beta of 0.96.
Several large investors have recently added to or reduced their stakes in HIBB. BlackRock Inc. increased its holdings in shares of Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock valued at $86,891,000 after purchasing an additional 2,942,351 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Hibbett Sports in the second quarter valued at approximately $15,077,000. Dimensional Fund Advisors LP increased its holdings in shares of Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock valued at $27,226,000 after purchasing an additional 511,443 shares during the period. Koch Industries Inc. acquired a new position in shares of Hibbett Sports in the second quarter valued at approximately $313,000. Finally, Nordea Investment Management AB increased its holdings in shares of Hibbett Sports by 74.6% in the second quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock valued at $13,521,000 after purchasing an additional 278,395 shares during the period.
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About Hibbett Sports
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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