Hibbett Sports (NASDAQ:HIBB) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Several other equities analysts have also recently weighed in on HIBB. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 27th. Susquehanna Bancshares set a $29.00 target price on shares of Hibbett Sports and gave the company a “buy” rating in a research note on Monday, August 26th. Bank of America cut their target price 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, August 26th. Robert W. Baird set a $17.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Zacks Investment Research cut shares of Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $20.26.
HIBB traded down $0.34 during trading on Tuesday, hitting $25.22. 12,472 shares of the company traded hands, compared to its average volume of 677,426. The company has a market cap of $458.19 million, a PE ratio of 14.27, a P/E/G ratio of 1.09 and a beta of 0.48. The stock’s 50-day simple moving average is $23.77 and its two-hundred day simple moving average is $20.35. Hibbett Sports has a 1 year low of $13.08 and a 1 year high of $26.75. The company has a current ratio of 1.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.55.
In related news, VP Cathy E. Pryor sold 11,000 shares of Hibbett Sports stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $275,000.00. Following the completion of the transaction, the vice president now directly owns 446 shares of the company’s stock, valued at approximately $11,150. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ronald P. Blahnik purchased 6,125 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $15.84 per share, with a total value of $97,020.00. Following the completion of the purchase, the senior vice president now owns 14,700 shares in the company, valued at approximately $232,848. The disclosure for this purchase can be found here. Insiders sold a total of 13,227 shares of company stock valued at $329,221 over the last three months. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HIBB. Tower Research Capital LLC TRC lifted its holdings in Hibbett Sports by 1,236.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock valued at $31,000 after buying an additional 1,236 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hibbett Sports during the 2nd quarter worth about $39,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Hibbett Sports during the 3rd quarter worth about $41,000. Point72 Hong Kong Ltd purchased a new stake in shares of Hibbett Sports during the 2nd quarter worth about $66,000. Finally, Menta Capital LLC purchased a new stake in shares of Hibbett Sports during the 2nd quarter worth about $191,000.
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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