Hibbett Sports, Inc. (NASDAQ:HIBB) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $20.25.

Several research firms recently weighed in on HIBB. ValuEngine upgraded Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 5th. Zacks Investment Research downgraded Hibbett Sports from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. BidaskClub upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Finally, Bank of America restated an “underperform” rating and issued a $15.00 price objective (down from $18.00) on shares of Hibbett Sports in a report on Friday, November 30th.

Shares of HIBB stock traded up $0.61 on Friday, hitting $18.48. The stock had a trading volume of 577,511 shares, compared to its average volume of 419,083. The company has a market capitalization of $337.93 million, a P/E ratio of 11.34, a PEG ratio of 1.34 and a beta of 0.73. Hibbett Sports has a one year low of $13.08 and a one year high of $29.60.

Hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. raised its holdings in Hibbett Sports by 105.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 815,110 shares of the company’s stock worth $11,656,000 after purchasing an additional 418,062 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Hibbett Sports by 170.6% in the third quarter. Canada Pension Plan Investment Board now owns 526,400 shares of the company’s stock worth $9,896,000 after purchasing an additional 331,900 shares in the last quarter. AQR Capital Management LLC raised its holdings in Hibbett Sports by 162.5% in the third quarter. AQR Capital Management LLC now owns 451,308 shares of the company’s stock worth $8,485,000 after purchasing an additional 279,353 shares in the last quarter. Prudential Financial Inc. raised its holdings in Hibbett Sports by 66.3% in the fourth quarter. Prudential Financial Inc. now owns 402,567 shares of the company’s stock worth $5,757,000 after purchasing an additional 160,534 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hibbett Sports by 62.4% in the fourth quarter. Geode Capital Management LLC now owns 316,699 shares of the company’s stock worth $4,527,000 after purchasing an additional 121,688 shares in the last quarter.

About Hibbett Sports

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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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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