Hibbett (NASDAQ:HIBB) Research Coverage Started at StockNews.com

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

A number of other analysts have also weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $87.50 price target on shares of Hibbett in a research note on Friday, July 26th. Robert W. Baird reiterated a “neutral” rating and set a $87.50 price target (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.79.

Hibbett Trading Up 0.0 %

NASDAQ HIBB opened at $87.49 on Friday. The company has a 50-day moving average price of $87.35 and a two-hundred day moving average price of $81.92. Hibbett has a 52 week low of $36.77 and a 52 week high of $87.53. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.88.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The company had revenue of $447.20 million for the quarter, compared to the consensus estimate of $452.94 million. Hibbett had a net margin of 5.80% and a return on equity of 24.15%. Hibbett’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 earnings per share. As a group, equities research analysts expect that Hibbett will post 8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hibbett

A number of large investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its stake in Hibbett by 0.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 19,671 shares of the company’s stock worth $1,417,000 after purchasing an additional 158 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Hibbett by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,612 shares of the company’s stock worth $969,000 after buying an additional 171 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Hibbett by 3.4% during the second quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company’s stock valued at $523,000 after buying an additional 200 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Hibbett by 2.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,846 shares of the company’s stock valued at $834,000 after buying an additional 276 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in Hibbett by 5.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,853 shares of the company’s stock worth $603,000 after acquiring an additional 408 shares in the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

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.