Hibbett (NASDAQ:HIBB) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Hibbett (NASDAQ:HIBB) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Several other research analysts have also weighed in on HIBB. Robert W. Baird reissued a “neutral” rating and issued a $87.50 price objective (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. B. Riley lifted their target price on Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a report on Tuesday, April 23rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.50 price objective on shares of Hibbett in a research note on Monday, June 3rd. Finally, Williams Trading reissued a “hold” rating and set a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $76.79.

Hibbett Stock Performance

NASDAQ:HIBB opened at $87.21 on Friday. Hibbett has a fifty-two week low of $34.96 and a fifty-two week high of $87.39. The company has a 50 day simple moving average of $86.01 and a two-hundred day simple moving average of $76.48. The company has a market capitalization of $1.04 billion, a PE ratio of 10.74, a P/E/G ratio of 1.39 and a beta of 1.77.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Hibbett had a net margin of 5.80% and a return on equity of 24.15%. The firm had revenue of $447.20 million during the quarter, compared to the consensus estimate of $452.94 million. During the same period in the prior year, the company posted $2.74 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts predict that Hibbett will post 8.19 EPS for the current year.

Institutional Trading of Hibbett

A number of hedge funds and other institutional investors have recently bought and sold shares of HIBB. GAMMA Investing LLC purchased a new stake in shares of Hibbett in the fourth quarter worth approximately $28,000. AJOVista LLC bought a new stake in shares of Hibbett in the fourth quarter valued at $75,000. Stonegate Investment Group LLC bought a new position in shares of Hibbett during the 1st quarter worth $203,000. Virtu Financial LLC purchased a new position in shares of Hibbett in the fourth quarter worth about $201,000. Finally, 1492 Capital Management LLC purchased a new position in shares of Hibbett in the fourth quarter valued at $209,000. Institutional investors own 94.08% of the company’s stock.

Hibbett Company Profile

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.