Hibbett Sports (NASDAQ:HIBB) had its price objective boosted by Robert W. Baird in a report published on Friday morning, The Fly reports. The firm currently has a neutral rating on the stock.
HIBB has been the subject of several other reports. Bank of America lowered their price objective on Hibbett Sports from $20.00 to $14.00 and set an underperform rating for the company in a research report on Monday, August 26th. Susquehanna Bancshares set a $29.00 price objective on Hibbett Sports and gave the stock a buy rating in a research report on Monday, August 26th. ValuEngine lowered Hibbett Sports from a sell rating to a strong sell rating in a research report on Tuesday, August 27th. BidaskClub upgraded Hibbett Sports from a buy rating to a strong-buy rating in a research report on Tuesday, November 19th. Finally, 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 report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $20.26.
HIBB stock opened at $28.69 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 0.48. The business has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $20.41. The firm has a market capitalization of $441.09 million, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.03 and a beta of 0.48. Hibbett Sports has a 1 year low of $13.08 and a 1 year high of $30.98.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $275.50 million during the quarter, compared to analyst estimates of $260.75 million. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, equities research analysts expect that Hibbett Sports will post 2.4 EPS for the current year.
In other news, SVP Ronald P. Blahnik purchased 6,125 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $15.84 per share, for a total transaction of $97,020.00. Following the completion of the purchase, the senior vice president now directly owns 14,700 shares of the company’s stock, valued at $232,848. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffry O. Rosenthal sold 16,388 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $30.15, for a total value of $494,098.20. Following the transaction, the chief executive officer now owns 48,709 shares in the company, valued at $1,468,576.35. The disclosure for this sale can be found here. Insiders sold 33,123 shares of company stock valued at $928,805 over the last quarter. 2.00% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Hibbett Sports by 0.3% in the first quarter. FMR LLC now owns 1,329,262 shares of the company’s stock valued at $30,321,000 after acquiring an additional 3,600 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Hibbett Sports in the second quarter valued at $500,000. 6 Meridian raised its stake in shares of Hibbett Sports by 0.9% in the second quarter. 6 Meridian now owns 57,639 shares of the company’s stock valued at $1,049,000 after acquiring an additional 532 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Hibbett Sports by 93.3% in the second quarter. Janney Montgomery Scott LLC now owns 33,330 shares of the company’s stock valued at $607,000 after acquiring an additional 16,089 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of Hibbett Sports in the second quarter valued at $8,216,000.
About Hibbett Sports
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.
Further Reading: What member countries make up the G-20?