Stephens Boosts Hibbett Sports (NASDAQ:HIBB) Price Target to $28.00
Hibbett Sports (NASDAQ:HIBB) had its price objective boosted by Stephens from $26.00 to $28.00 in a research note issued to investors on Thursday, August 23rd. Stephens currently has an equal weight rating on the stock.
A number of other analysts also recently issued reports on HIBB. ValuEngine raised Hibbett Sports from a hold rating to a buy rating in a research report on Wednesday, April 25th. Zacks Investment Research cut Hibbett Sports from a hold rating to a sell rating in a research report on Tuesday, May 1st. BidaskClub upgraded Hibbett Sports from a hold rating to a buy rating in a research report on Friday, May 4th. TheStreet upgraded Hibbett Sports from a c rating to a b- rating in a research report on Wednesday, May 9th. Finally, Canaccord Genuity lifted their price target on Hibbett Sports from $29.00 to $31.00 and gave the company a buy rating in a research report on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $21.64.
NASDAQ:HIBB opened at $20.15 on Thursday. Hibbett Sports has a 1 year low of $12.05 and a 1 year high of $29.60. The firm has a market capitalization of $388.39 million, a price-to-earnings ratio of 12.36, a PEG ratio of 1.49 and a beta of 0.67.
Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in Hibbett Sports during the second quarter valued at $101,000. C M Bidwell & Associates Ltd. boosted its stake 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 buying an additional 2,910 shares during the period. Lido Advisors LLC bought a new stake in Hibbett Sports during the first quarter valued at $200,000. Element Capital Management LLC bought a new stake in Hibbett Sports during the first quarter valued at $207,000. Finally, MetLife Investment Advisors LLC bought a new stake in Hibbett Sports during the fourth quarter valued at $208,000.
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.
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