Hibbett (NASDAQ:HIBB) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Hibbett (NASDAQ:HIBB) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

Other equities analysts have also issued reports about the company. B. Riley raised their price target on Hibbett from $70.00 to $87.50 and gave the stock a neutral rating in a research report on Wednesday, April 24th. Robert W. Baird restated 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. Monness Crespi & Hardt restated a neutral rating on shares of Hibbett in a research report on Tuesday, April 23rd. Telsey Advisory Group restated a market perform rating and set a $87.50 price target on shares of Hibbett in a research report on Monday, June 3rd. Finally, Williams Trading restated a hold rating and set a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $76.79.

Hibbett Stock Performance

HIBB stock opened at $86.88 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.52 and a beta of 1.77. The firm’s fifty day moving average is $84.67 and its 200 day moving average is $76.02. Hibbett has a 52 week low of $34.96 and a 52 week high of $87.39.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $447.20 million for the quarter, compared to analysts’ expectations of $452.94 million. Hibbett had a net margin of 5.80% and a return on equity of 24.15%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.74 earnings per share. As a group, analysts forecast that Hibbett will post 8.19 EPS for the current year.

Institutional Investors Weigh In On Hibbett

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Hibbett in the 4th quarter worth approximately $28,000. AJOVista LLC bought a new stake in shares of Hibbett in the 4th quarter worth approximately $75,000. Virtu Financial LLC purchased a new position in shares of Hibbett in the 4th quarter valued at approximately $201,000. Stonegate Investment Group LLC purchased a new position in shares of Hibbett in the 1st quarter valued at approximately $203,000. Finally, 1492 Capital Management LLC purchased a new position in shares of Hibbett in the 4th quarter valued at approximately $209,000. 94.08% of the stock is currently owned by institutional investors.

Hibbett Company Profile

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.