Hibbett Sports (NASDAQ:HIBB) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.
Other research analysts have also issued reports about the company. Susquehanna Bancshares reissued a “buy” rating and set a $21.00 price target on shares of Hibbett Sports in a research report on Monday, November 20th. Zacks Investment Research raised 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 Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. Canaccord Genuity set a $17.00 price target on Hibbett Sports and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, Forward View raised Hibbett Sports to a “hold” rating and set a $18.00 price target on the stock in a research report on Saturday, November 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Hibbett Sports currently has an average rating of “Hold” and an average target price of $21.59.
Hibbett Sports (NASDAQ HIBB) opened at $20.40 on Friday. The firm has a market capitalization of $419.01, a price-to-earnings ratio of 11.79, a P/E/G ratio of 6.33 and a beta of 0.96. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $38.70.
Hedge funds and other institutional investors have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports in the third quarter valued at about $143,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Hibbett Sports by 52.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock worth $161,000 after acquiring an additional 2,650 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Hibbett Sports during the 3rd quarter worth about $204,000. Voya Investment Management LLC boosted its stake in shares of Hibbett Sports by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Hibbett Sports by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after acquiring an additional 170 shares in the last quarter.
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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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