Hibbett Sports, Inc. (NASDAQ:HIBB) shares rose 5.2% on Thursday . The company traded as high as $17.33 and last traded at $17.00, approximately 2,116,616 shares changed hands during trading. An increase of 198% from the average daily volume of 709,296 shares. The stock had previously closed at $16.16.
HIBB has been the topic of a number of recent analyst reports. BidaskClub cut Hibbett Sports from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Monday, July 29th. Robert W. Baird lifted their price target on Hibbett Sports to $26.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, Bank of America lifted their price target on Hibbett Sports from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Monday, May 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Hibbett Sports currently has a consensus rating of “Hold” and an average target price of $22.06.
The stock has a market cap of $288.94 million, a P/E ratio of 8.56, a PEG ratio of 1.20 and a beta of 0.38. The company has a fifty day moving average of $17.81 and a 200 day moving average of $19.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.74 and a quick ratio of 0.62.
A number of large investors have recently made changes to their positions in HIBB. C M Bidwell & Associates Ltd. bought a new stake in Hibbett Sports during the second quarter worth approximately $39,000. Point72 Hong Kong Ltd bought a new stake in Hibbett Sports during the second quarter worth approximately $66,000. Quantamental Technologies LLC raised its holdings in Hibbett Sports by 24.1% during the first quarter. Quantamental Technologies LLC now owns 6,079 shares of the company’s stock worth $139,000 after purchasing an additional 1,179 shares in the last quarter. Menta Capital LLC bought a new stake in Hibbett Sports during the second quarter worth approximately $191,000. Finally, Verition Fund Management LLC bought a new stake in Hibbett Sports during the second quarter worth approximately $209,000.
Hibbett Sports Company Profile (NASDAQ:HIBB)
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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