Hibbett Sports (NASDAQ:HIBB) Downgraded by BidaskClub to Buy

BidaskClub downgraded shares of Hibbett Sports (NASDAQ:HIBB) from a strong-buy rating to a buy rating in a research report report published on Saturday, BidAskClub reports.

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HIBB has been the topic of several other research reports. Bank of America decreased their price target on shares of Hibbett Sports from $20.00 to $14.00 and set an underperform rating on the stock in a research report on Monday, August 26th. ValuEngine lowered shares of Hibbett Sports from a sell rating to a strong sell rating in a research report on Tuesday, August 27th. Susquehanna Bancshares set a $29.00 price target on shares of Hibbett Sports and gave the stock a buy rating in a research report on Monday, August 26th. Robert W. Baird set a $17.00 price target on shares of Hibbett Sports and gave the stock a hold rating in a research report on Monday, August 26th. Finally, Zacks Investment Research lowered shares of Hibbett Sports from a strong-buy rating to a hold rating and set a $21.00 price target on the stock. in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $20.26.

NASDAQ HIBB traded down $0.71 during trading hours on Friday, reaching $23.68. The company’s stock had a trading volume of 374,200 shares, compared to its average volume of 684,886. The company has a current ratio of 1.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.55. The stock has a market cap of $463.30 million, a PE ratio of 13.38, a PEG ratio of 1.10 and a beta of 0.48. Hibbett Sports has a 52 week low of $13.08 and a 52 week high of $26.40. The business has a 50-day simple moving average of $22.97 and a 200 day simple moving average of $20.07.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $252.40 million for the quarter, compared to analyst estimates of $255.71 million. Hibbett Sports had a net margin of 2.39% and a return on equity of 11.89%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, equities analysts predict that Hibbett Sports will post 2.19 EPS for the current year.

In related news, VP Cathy E. Pryor sold 1,227 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $23.00, for a total value of $28,221.00. Following the completion of the transaction, the vice president now owns 11,446 shares of the company’s stock, valued at approximately $263,258. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jared S. Briskin sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the transaction, the senior vice president now directly owns 3,508 shares of the company’s stock, valued at approximately $91,208. The disclosure for this sale can be found here. Insiders sold a total of 13,227 shares of company stock valued at $329,221 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in Hibbett Sports by 1,236.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock worth $31,000 after purchasing an additional 1,236 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Hibbett Sports in the 2nd quarter worth approximately $39,000. FinTrust Capital Advisors LLC acquired a new position in Hibbett Sports in the 3rd quarter worth approximately $41,000. Point72 Hong Kong Ltd acquired a new position in Hibbett Sports in the 2nd quarter worth approximately $66,000. Finally, Menta Capital LLC acquired a new position in Hibbett Sports in the 2nd quarter worth approximately $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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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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