Hibbett Sports (NASDAQ:HIBB) Downgraded by ValuEngine

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ValuEngine lowered shares of Hibbett Sports (NASDAQ:HIBB) from a sell rating to a strong sell rating in a report published on Tuesday, ValuEngine reports.

A number of other research firms also recently weighed in on HIBB. Zacks Investment Research downgraded shares of Hibbett Sports from a strong-buy rating to a hold rating and set a $21.00 price target for the company. in a research note on Monday, July 29th. Robert W. Baird boosted their price target on shares of Hibbett Sports to $26.00 and gave the stock a neutral rating in a research note on Friday, May 24th. BidaskClub downgraded shares of Hibbett Sports from a hold rating to a sell rating in a research note on Tuesday, August 20th. Finally, Bank of America dropped their price target on shares of Hibbett Sports from $20.00 to $14.00 and set an underperform rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $20.26.

HIBB opened at $17.06 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.63 and a quick ratio of 0.50. The company has a market cap of $303.78 million, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.71 and a beta of 0.38. The firm has a 50 day simple moving average of $17.51 and a 200 day simple moving average of $19.52. Hibbett Sports has a fifty-two week low of $13.08 and a fifty-two week high of $25.24.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. The business had revenue of $252.40 million during the quarter, compared to the consensus estimate of $255.71 million. Hibbett Sports had a net margin of 2.39% and a return on equity of 11.89%. Hibbett Sports’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, analysts expect that Hibbett Sports will post 2.2 EPS for the current year.

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Hibbett Sports by 39.7% in the second quarter. JPMorgan Chase & Co. now owns 1,775,243 shares of the company’s stock valued at $31,884,000 after buying an additional 504,390 shares during the period. FMR LLC boosted its holdings in shares of Hibbett Sports by 0.3% in the first quarter. FMR LLC now owns 1,329,262 shares of the company’s stock valued at $30,321,000 after buying an additional 3,600 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Hibbett Sports by 5.7% in the second quarter. Vanguard Group Inc. now owns 1,233,230 shares of the company’s stock valued at $22,444,000 after buying an additional 66,217 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Hibbett Sports by 45.0% in the second quarter. Renaissance Technologies LLC now owns 1,222,844 shares of the company’s stock valued at $22,256,000 after buying an additional 379,300 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Hibbett Sports by 15.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,091,140 shares of the company’s stock valued at $19,859,000 after buying an additional 149,351 shares during the period.

Hibbett Sports Company Profile

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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Analyst Recommendations for Hibbett Sports (NASDAQ:HIBB)

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