Several other equities research analysts have also recently commented on the company. Robert W. Baird set a $17.00 price target on Hibbett Sports and gave the company a “hold” rating in a report on Monday, August 26th. Zacks Investment Research cut 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. ValuEngine cut Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 27th. Bank of America cut their target price on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Monday, August 26th. Finally, Susquehanna Bancshares set a $29.00 price objective on Hibbett Sports and gave the company a “buy” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Hibbett Sports has a consensus rating of “Hold” and an average price target of $20.26.
HIBB stock traded up $0.49 during mid-day trading on Wednesday, reaching $23.09. 341,254 shares of the company’s stock were exchanged, compared to its average volume of 542,851. The company has a market cap of $407.08 million, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.49. The stock’s 50 day moving average is $19.33 and its 200 day moving average is $19.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 0.48. Hibbett Sports has a 12-month low of $13.08 and a 12-month high of $25.24.
In other Hibbett Sports news, SVP Ronald P. Blahnik purchased 6,125 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was bought at an average cost of $15.84 per share, with a total value of $97,020.00. Following the acquisition, the senior vice president now directly owns 14,700 shares of the company’s stock, valued at $232,848. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new stake in shares of Hibbett Sports in the 2nd quarter valued at about $517,000. Trexquant Investment LP purchased a new stake in shares of Hibbett Sports in the 2nd quarter valued at about $898,000. Aperio Group LLC lifted its holdings in shares of Hibbett Sports by 30.3% in the 2nd quarter. Aperio Group LLC now owns 30,096 shares of the company’s stock valued at $548,000 after purchasing an additional 6,999 shares during the last quarter. Spark Investment Management LLC acquired a new position in Hibbett Sports in the 1st quarter valued at about $974,000. Finally, 361 Capital LLC acquired a new position in Hibbett Sports in the 2nd quarter valued at about $2,011,000.
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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