Hibbett Sports (HIBB) Upgraded at ValuEngine

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.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. research analysts anticipate that Hibbett Sports will post 1.5 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: “Hibbett Sports (HIBB) Upgraded at ValuEngine” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/05/hibbett-sports-hibb-upgraded-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply