Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Hibbett Sports from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a sell rating on shares of Hibbett Sports in a research note on Monday, August 15th. Forward View reiterated a hold rating and issued a $35.00 target price on shares of Hibbett Sports in a research note on Sunday, August 14th. Stifel Nicolaus assumed coverage on shares of Hibbett Sports in a report on Friday, June 24th. They issued a hold rating on the stock. Finally, Canaccord Genuity reissued a hold rating and issued a $36.00 price target on shares of Hibbett Sports in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $38.18.
Shares of Hibbett Sports (NASDAQ:HIBB) opened at 41.58 on Thursday. The firm’s 50-day moving average price is $38.50 and its 200-day moving average price is $35.96. The firm has a market capitalization of $914.22 million, a P/E ratio of 13.56 and a beta of 1.08. Hibbett Sports has a 12-month low of $27.58 and a 12-month high of $41.67.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 19th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Hibbett Sports had a net margin of 7.32% and a return on equity of 22.04%. The business earned $206.90 million during the quarter. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that Hibbett Sports will post $3.00 earnings per share for the current fiscal year.
In other news, Director Alton E. Yother sold 1,331 shares of Hibbett Sports stock in a transaction on Monday, July 11th. The shares were sold at an average price of $35.62, for a total transaction of $47,410.22. Following the transaction, the director now owns 1,331 shares in the company, valued at $47,410.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Cathy E. Pryor sold 2,500 shares of Hibbett Sports stock in a transaction on Monday, September 12th. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the transaction, the vice president now owns 17,108 shares in the company, valued at approximately $684,320. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA raised its position in shares of Hibbett Sports by 32.4% in the first quarter. Glenmede Trust Co. NA now owns 17,930 shares of the company’s stock worth $642,000 after buying an additional 4,383 shares during the period. Aperio Group LLC raised its position in shares of Hibbett Sports by 32.2% in the first quarter. Aperio Group LLC now owns 10,003 shares of the company’s stock worth $359,000 after buying an additional 2,435 shares during the period. Nisa Investment Advisors L.L.C. raised its position in shares of Hibbett Sports by 106.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 13,800 shares of the company’s stock worth $495,000 after buying an additional 7,100 shares during the period. Prudential Financial Inc. raised its position in shares of Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock worth $1,969,000 after buying an additional 1,500 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Hibbett Sports by 2.6% in the first quarter. BlackRock Group LTD now owns 32,881 shares of the company’s stock worth $1,180,000 after buying an additional 820 shares during the period.
About Hibbett Sports
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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