Monness Crespi & Hardt Reiterates “Neutral” Rating for Hibbett (NASDAQ:HIBB)

Hibbett (NASDAQ:HIBB)‘s stock had its “neutral” rating reaffirmed by stock analysts at Monness Crespi & Hardt in a research report issued on Tuesday, Benzinga reports.

HIBB has been the subject of several other reports. Williams Trading restated a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. B. Riley boosted their price target on Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Finally, Telsey Advisory Group boosted their price target on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.29.

Hibbett Trading Up 0.4 %

HIBB stock opened at $86.51 on Tuesday. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.56, a PEG ratio of 1.18 and a beta of 1.75. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The business’s 50 day simple moving average is $74.69 and its 200 day simple moving average is $65.78.

Hibbett (NASDAQ:HIBB) last posted its earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.01. The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.91 EPS. As a group, sell-side analysts predict that Hibbett will post 8.21 EPS for the current fiscal year.

Institutional Trading of Hibbett

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Hibbett during the 4th quarter worth $28,000. AJOVista LLC bought a new stake in shares of Hibbett during the 4th quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after buying an additional 1,654 shares during the last quarter. Kendall Capital Management bought a new stake in shares of Hibbett during the 3rd quarter worth $200,000. Finally, Virtu Financial LLC bought a new stake in shares of Hibbett during the 4th quarter worth $201,000. 94.08% of the stock is currently owned by institutional investors.

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.