Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.65.
Several research firms have recently issued reports on HIBB. Zacks Investment Research lowered Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research note on Monday, July 29th. BidaskClub raised Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Robert W. Baird raised their price objective on Hibbett Sports to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Finally, Bank of America raised their price objective on Hibbett Sports from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Monday, May 27th.
Shares of NASDAQ:HIBB traded up $0.38 during trading on Wednesday, hitting $15.53. The company had a trading volume of 23,577 shares, compared to its average volume of 668,872. The stock has a market cap of $275.35 million, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. Hibbett Sports has a one year low of $13.08 and a one year high of $29.60. The company has a fifty day simple moving average of $18.17 and a two-hundred day simple moving average of $19.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.74 and a quick ratio of 0.62.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, May 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.32. The business had revenue of $343.30 million during the quarter, compared to analyst estimates of $328.16 million. Hibbett Sports had a return on equity of 12.28% and a net margin of 3.19%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. On average, equities research analysts anticipate that Hibbett Sports will post 2.07 earnings per share for the current year.
In other news, CEO Jeffry O. Rosenthal sold 30,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $25.00, for a total value of $750,000.00. Following the sale, the chief executive officer now directly owns 65,097 shares in the company, valued at $1,627,425. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HIBB. C M Bidwell & Associates Ltd. purchased a new position in Hibbett Sports during the 2nd quarter worth $39,000. Point72 Hong Kong Ltd purchased a new position in Hibbett Sports during the 2nd quarter worth $66,000. Metropolitan Life Insurance Co. NY increased its holdings in Hibbett Sports by 407.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,583 shares of the company’s stock worth $108,000 after purchasing an additional 6,090 shares during the period. Quantamental Technologies LLC increased its holdings in Hibbett Sports by 24.1% during the 1st quarter. Quantamental Technologies LLC now owns 6,079 shares of the company’s stock worth $139,000 after purchasing an additional 1,179 shares during the period. Finally, Menta Capital LLC purchased a new position in Hibbett Sports during the 2nd quarter worth $191,000.
Hibbett Sports Company Profile
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 Hibbett.com, 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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