Hibbett (NASDAQ:HIBB) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Hibbett (NASDAQ:HIBB) in a research note released on Friday morning, Benzinga reports. The firm currently has a $87.50 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird reiterated a neutral rating and issued a $87.50 price objective (up previously from $80.00) on shares of Hibbett in a report on Friday, April 26th. Benchmark reissued a hold rating on shares of Hibbett in a research note on Wednesday, April 24th. Monness Crespi & Hardt reiterated a neutral rating on shares of Hibbett in a report on Tuesday, April 23rd. StockNews.com assumed coverage on shares of Hibbett in a report on Monday, July 22nd. They set a hold rating for the company. Finally, B. Riley raised their price objective on shares of Hibbett from $70.00 to $87.50 and gave the stock a neutral rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $76.79.

Hibbett Price Performance

NASDAQ HIBB opened at $87.49 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.77, a PEG ratio of 1.43 and a beta of 1.88. The firm’s 50-day moving average is $86.98 and its two-hundred day moving average is $79.34. Hibbett has a 12 month low of $36.77 and a 12 month high of $87.53.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Hibbett had a return on equity of 24.15% and a net margin of 5.80%. The company had revenue of $447.20 million for the quarter, compared to analysts’ expectations of $452.94 million. During the same period in the previous year, the business posted $2.74 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Hibbett will post 8 EPS for the current year.

Institutional Investors Weigh In On Hibbett

A number of institutional investors have recently added to or reduced their stakes in HIBB. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hibbett during the 1st quarter worth $3,172,000. BNP Paribas Financial Markets boosted its stake in shares of Hibbett by 266.7% during the 4th quarter. BNP Paribas Financial Markets now owns 48,634 shares of the company’s stock worth $3,503,000 after acquiring an additional 35,373 shares in the last quarter. Syquant Capital Sas acquired a new stake in shares of Hibbett in the 2nd quarter worth approximately $3,081,000. Quadrature Capital Ltd purchased a new position in Hibbett in the 4th quarter valued at approximately $1,654,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hibbett by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock worth $20,433,000 after purchasing an additional 22,471 shares during the last quarter. Hedge funds and other 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.