Hibbett, Inc. (NASDAQ:HIBB) Receives $76.79 Average Price Target from Analysts

Hibbett, Inc. (NASDAQ:HIBB) 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.

Institutional Trading of Hibbett

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in shares of Hibbett in the fourth quarter valued at approximately $28,000. AJOVista LLC purchased a new position in Hibbett during the 4th quarter worth $75,000. Virtu Financial LLC purchased a new position in Hibbett during the 4th quarter worth $201,000. Stonegate Investment Group LLC acquired a new stake in shares of Hibbett in the 1st quarter worth $203,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of Hibbett in the fourth quarter valued at about $209,000. 94.08% of the stock is owned by institutional investors and hedge funds.

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) 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.