Hibbett (NASDAQ:HIBB) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Hibbett (NASDAQ:HIBB) in a research note released on Wednesday. The firm issued a hold rating on the stock.

A number of other equities research analysts also recently issued reports on HIBB. Benchmark restated a hold rating on shares of Hibbett in a report on Wednesday, April 24th. Robert W. Baird reissued a neutral rating and set a $87.50 price objective (up from $80.00) on shares of Hibbett in a research note on Friday, April 26th. Monness Crespi & Hardt reaffirmed a neutral rating on shares of Hibbett in a research report on Tuesday, April 23rd. Telsey Advisory Group reissued a market perform rating and set a $87.50 price target on shares of Hibbett in a research report on Friday, July 26th. Finally, B. Riley raised their price objective on Hibbett from $70.00 to $87.50 and gave the stock a neutral rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $76.79.

Hibbett Price Performance

Shares of NASDAQ:HIBB remained flat at $87.49 during midday trading on Wednesday. The company 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 business has a 50-day moving average price of $87.18 and a two-hundred day moving average price of $80.64. Hibbett has a fifty-two week low of $36.77 and a fifty-two week high of $87.53.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $2.67 earnings per share (EPS) 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 business had revenue of $447.20 million during the quarter, compared to analyst estimates of $452.94 million. During the same period in the previous year, the business posted $2.74 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts forecast that Hibbett will post 8 EPS for the current year.

Institutional Investors Weigh In On Hibbett

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Hibbett in the fourth quarter valued at approximately $28,000. Quest Partners LLC purchased a new stake in Hibbett during the 2nd quarter worth $37,000. AJOVista LLC acquired a new position in Hibbett in the 4th quarter worth $75,000. Virtu Financial LLC purchased a new position in Hibbett in the 4th quarter valued at about $201,000. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Hibbett during the first quarter valued at about $203,000. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

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.