Hibbett (NASDAQ:HIBB) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Hibbett (NASDAQ:HIBB) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

Other equities analysts have also recently issued reports about the stock. Benchmark reissued a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Robert W. Baird reissued a “neutral” rating and set a $87.50 price target (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. B. Riley lifted their price target on shares of Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Telsey Advisory Group lifted their price target on shares of Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 23rd. Finally, Williams Trading restated a “hold” rating and set a $73.00 price objective on shares of Hibbett in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.79.

Hibbett Stock Performance

Shares of HIBB stock opened at $86.49 on Friday. Hibbett has a 52-week low of $34.86 and a 52-week high of $86.85. The stock has a market cap of $1.02 billion, a PE ratio of 10.56 and a beta of 1.72. The firm’s 50 day moving average price is $75.86 and its two-hundred day moving average price is $67.13.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The firm had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $477.42 million. During the same period last year, the firm earned $2.91 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Hibbett will post 8.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hibbett

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Hibbett in the 3rd quarter valued at $286,000. Maryland State Retirement & Pension System acquired a new stake in Hibbett in the 3rd quarter valued at $223,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hibbett by 80.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after buying an additional 1,654 shares during the last quarter. TD Asset Management Inc acquired a new stake in Hibbett in the 3rd quarter valued at $356,000. Finally, Kendall Capital Management acquired a new stake in Hibbett in the 3rd quarter valued at $200,000. 94.08% of the stock is currently owned by institutional investors and hedge funds.

About Hibbett

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.