Hibbett Sports, Inc. (NASDAQ:HIBB) has received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.23.
A number of research firms recently issued reports on HIBB. BidaskClub cut Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Consumer Edge raised Hibbett Sports from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their price objective on Hibbett Sports to $24.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Canaccord Genuity set a $31.00 price objective on Hibbett Sports and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Stephens reissued a “hold” rating and set a $22.00 price objective on shares of Hibbett Sports in a research report on Monday, February 26th.
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In other news, VP Cathy E. Pryor sold 6,500 shares of Hibbett Sports stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $22.58, for a total value of $146,770.00. Following the transaction, the vice president now directly owns 13,300 shares in the company, valued at $300,314. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $28.20, for a total value of $141,000.00. Following the completion of the transaction, the director now owns 16,237 shares in the company, valued at $457,883.40. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its holdings in Hibbett Sports by 61.7% during the first quarter. C M Bidwell & Associates Ltd. now owns 7,630 shares of the company’s stock valued at $183,000 after purchasing an additional 2,910 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Hibbett Sports during the first quarter worth approximately $200,000. Element Capital Management LLC bought a new position in shares of Hibbett Sports during the first quarter worth approximately $207,000. MetLife Investment Advisors LLC bought a new position in shares of Hibbett Sports during the fourth quarter worth approximately $208,000. Finally, Commerce Bank bought a new position in shares of Hibbett Sports during the first quarter worth approximately $215,000.
HIBB traded down $4.52 during trading hours on Monday, hitting $24.43. The company’s stock had a trading volume of 4,029,189 shares, compared to its average volume of 556,240. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 0.81. The stock has a market cap of $549.77 million, a P/E ratio of 14.98, a P/E/G ratio of 1.88 and a beta of 0.83.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, May 25th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). Hibbett Sports had a net margin of 3.62% and a return on equity of 10.37%. The business had revenue of $274.70 million during the quarter, compared to analyst estimates of $276.98 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. equities analysts anticipate that Hibbett Sports will post 1.87 EPS for the current year.
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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.