Hibbett, Inc. (NASDAQ:HIBB – Get Free Report) has been assigned an average recommendation of “Reduce” from the seven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $76.79.
HIBB has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Hibbett in a research report on Tuesday. They issued a “hold” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $87.50 price objective (up previously from $80.00) on shares of Hibbett in a report on Friday, April 26th. Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. B. Riley increased their price target on shares of Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Benchmark restated a “hold” rating on shares of Hibbett in a report on Wednesday, April 24th.
Read Our Latest Analysis on Hibbett
Institutional Trading of Hibbett
Hibbett Trading Up 0.0 %
HIBB stock opened at $87.49 on Thursday. The business’s fifty day moving average price is $86.98 and its 200 day moving average price is $79.34. Hibbett has a 12-month low of $36.77 and a 12-month high of $87.53. The company has a market capitalization of $1.05 billion, a PE ratio of 10.77, a P/E/G ratio of 1.43 and a beta of 1.88.
Hibbett (NASDAQ:HIBB – Get Free Report) last announced its earnings results on Wednesday, June 5th. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). Hibbett had a return on equity of 24.15% and a net margin of 5.80%. The business had revenue of $447.20 million for the quarter, compared to analysts’ expectations of $452.94 million. During the same period in the previous year, the company earned $2.74 earnings per share. Hibbett’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts predict that Hibbett will post 8 EPS for the current fiscal year.
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.
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