Hibbett, Inc. (NASDAQ:HIBB) Given Consensus Recommendation of “Reduce” by Analysts

Hibbett, Inc. (NASDAQ:HIBBGet Free Report) has been given a consensus rating of “Reduce” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $76.79.

A number of equities research analysts have weighed in on HIBB shares. Robert W. Baird reiterated a “neutral” rating and set a $87.50 price target (up previously from $80.00) on shares of Hibbett in a research note on Friday, April 26th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. Benchmark restated a “hold” rating on shares of Hibbett in a research note on Wednesday, April 24th. Williams Trading reiterated a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research note on Monday, March 18th. Finally, StockNews.com started coverage on Hibbett in a report on Tuesday. They issued a “hold” rating for the company.

View Our Latest Analysis on Hibbett

Institutional Trading of Hibbett

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in Hibbett during the 4th quarter worth about $28,000. AJOVista LLC bought a new stake in shares of Hibbett during the fourth quarter valued at approximately $75,000. Virtu Financial LLC acquired a new stake in shares of Hibbett in the fourth quarter valued at approximately $201,000. Stonegate Investment Group LLC bought a new position in Hibbett in the 1st quarter worth approximately $203,000. Finally, 1492 Capital Management LLC bought a new position in Hibbett in the 4th quarter worth approximately $209,000. Institutional investors own 94.08% of the company’s stock.

Hibbett Price Performance

NASDAQ:HIBB opened at $86.27 on Wednesday. Hibbett has a one year low of $34.96 and a one year high of $87.13. The company has a fifty day moving average price of $81.08 and a 200 day moving average price of $73.67. The stock has a market cap of $1.03 billion, a P/E ratio of 10.53, a PEG ratio of 1.51 and a beta of 1.77.

Hibbett (NASDAQ:HIBBGet Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 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 business had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. During the same quarter in the prior year, the business earned $2.91 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hibbett will post 8.19 EPS for the current year.

About Hibbett

(Get Free Report

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.

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Analyst Recommendations for Hibbett (NASDAQ:HIBB)

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