Robert W. Baird reaffirmed their hold rating on shares of Hibbett Sports (NASDAQ:HIBB) in a report published on Wednesday, January 3rd. The brokerage currently has a $21.00 price objective on the stock.

Several other equities analysts have also commented on HIBB. TheStreet lowered shares of Hibbett Sports from a c- rating to a d+ rating in a research note on Wednesday, September 6th. UBS Group upgraded shares of Hibbett Sports from a neutral rating to a positive rating in a research note on Wednesday, September 20th. Susquehanna Bancshares upgraded shares of Hibbett Sports from a neutral rating to a positive rating and increased their price target for the company from $11.00 to $17.00 in a research note on Wednesday, September 20th. ValuEngine upgraded shares of Hibbett Sports from a hold rating to a buy rating in a research note on Wednesday, October 11th. Finally, SunTrust Banks restated a hold rating and set a $13.00 target price on shares of Hibbett Sports in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Hibbett Sports presently has an average rating of Hold and an average target price of $21.53.

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Shares of Hibbett Sports (HIBB) opened at $24.10 on Wednesday. The firm has a market cap of $459.08, a P/E ratio of 13.82 and a beta of 0.96. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $33.85.

Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. research analysts predict that Hibbett Sports will post 1.5 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in Hibbett Sports in the 3rd quarter valued at $143,000. Macquarie Group Ltd. acquired a new stake in Hibbett Sports in the third quarter valued at $204,000. Voya Investment Management LLC lifted its holdings in Hibbett Sports by 11.9% in the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Hibbett Sports by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after acquiring an additional 170 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Hibbett Sports in the second quarter valued at $280,000.

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About Hibbett Sports

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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