StockNews.com Begins Coverage on Hibbett (NASDAQ:HIBB)

StockNews.com began coverage on shares of Hibbett (NASDAQ:HIBB) in a research report report published on Monday morning. The firm issued a hold rating on the stock.

Several other research firms have also commented on HIBB. Robert W. Baird reaffirmed a neutral rating and set a $87.50 target price (up from $80.00) on shares of Hibbett in a report on Friday, April 26th. B. Riley upped their price objective on Hibbett from $70.00 to $87.50 and gave the stock a neutral rating in a research note on Wednesday, April 24th. Telsey Advisory Group reaffirmed a market perform rating and issued a $87.50 target price on shares of Hibbett in a research report on Monday, June 3rd. Monness Crespi & Hardt reissued a neutral rating on shares of Hibbett in a report on Tuesday, April 23rd. Finally, Benchmark reaffirmed a hold rating on shares of Hibbett in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $76.79.

Hibbett Price Performance

Shares of NASDAQ HIBB opened at $87.49 on Monday. Hibbett has a fifty-two week low of $36.77 and a fifty-two week high of $87.53. The business has a 50 day moving average price of $86.93 and a two-hundred day moving average price of $78.92. The firm has a market cap of $1.05 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.40 and a beta of 1.88.

Hibbett (NASDAQ:HIBB) last issued its earnings results on Wednesday, June 5th. The company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Hibbett had a net margin of 5.80% and a return on equity of 24.15%. The company had revenue of $447.20 million during the quarter, compared to analyst estimates of $452.94 million. During the same quarter last year, the company posted $2.74 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Hibbett will post 8.19 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Hibbett in the fourth quarter worth approximately $28,000. AJOVista LLC bought a new stake in Hibbett during the fourth quarter worth approximately $75,000. Stonegate Investment Group LLC acquired a new position in Hibbett during the first quarter valued at approximately $203,000. Virtu Financial LLC bought a new position in shares of Hibbett in the fourth quarter valued at approximately $201,000. Finally, 1492 Capital Management LLC acquired a new stake in shares of Hibbett in the fourth quarter worth $209,000. Institutional investors and hedge funds own 94.08% of the company’s stock.

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.