Hibbett (NASDAQ:HIBB) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Hibbett (NASDAQ:HIBB) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

A number of other research firms have also weighed in on HIBB. Benchmark reiterated a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a report on Tuesday, April 23rd. Robert W. Baird reissued a “neutral” rating and set a $87.50 price target (up from $80.00) on shares of Hibbett in a report on Friday, April 26th. Williams Trading restated a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research report on Monday, March 18th. Finally, B. Riley boosted their target price on Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Hibbett currently has an average rating of “Hold” and an average price target of $76.79.

Hibbett Stock Performance

NASDAQ HIBB opened at $87.21 on Friday. The firm’s fifty day moving average is $86.01 and its two-hundred day moving average is $76.48. Hibbett has a one year low of $34.96 and a one year high of $87.39. The firm has a market cap of $1.04 billion, a PE ratio of 10.74, a P/E/G ratio of 1.39 and a beta of 1.77.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $2.67 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $452.94 million. During the same period in the prior year, the company earned $2.74 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Research analysts predict that Hibbett will post 8.19 earnings per share for the current year.

Institutional Investors Weigh In On Hibbett

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Hibbett during the fourth quarter worth $28,000. AJOVista LLC acquired a new position in shares of Hibbett during the 4th quarter worth $75,000. Stonegate Investment Group LLC purchased a new stake in shares of Hibbett in the 1st quarter worth about $203,000. Virtu Financial LLC acquired a new stake in Hibbett in the 4th quarter valued at about $201,000. Finally, 1492 Capital Management LLC purchased a new position in Hibbett during the 4th quarter valued at about $209,000. Hedge funds and other institutional investors 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.