Research Analysts’ Weekly Ratings Changes for Hibbett Sports (HIBB)

Hibbett Sports (NASDAQ: HIBB) recently received a number of ratings updates from brokerages and research firms:

  • 3/25/2019 – Hibbett Sports was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $27.00 price target on the stock, up previously from $20.00.
  • 3/25/2019 – Hibbett Sports was given a new $22.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 3/22/2019 – Hibbett Sports had its price target raised by analysts at Robert W. Baird from $16.00 to $23.00. They now have a “positive” rating on the stock.
  • 3/21/2019 – Hibbett Sports was downgraded by analysts at Consumer Edge from an “overweight” rating to an “equal weight” rating. They now have a $18.54 price target on the stock.
  • 3/11/2019 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hibbett has outperformed the industry in the past three months, backed by its strategic initiatives. The company’s focus on enhancing omni-channel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results. Notably, the company delivered positive comps in third-quarter fiscal 2019 backed by significant improvement in branded apparel business as well as footwear and sportswear businesses. Further, management raised comps guidance for fiscal 2019. However, Hibbett has a dismal surprise history. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern.”
  • 3/5/2019 – Hibbett Sports was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hibbett has lagged the industry in the past year owing to its dismal surprise trend. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern. Higher SG&A expenses due to e-commerce-related operating expenses, non-recurring costs for the City Gear acquisition and a deleverage from lower sales have been hurting margins. Further, a lowered earnings view for fiscal 2019 is disheartening. However, the company’s focus on enhancing omni-channel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results. Further, its positive comps trend is impressive.”
  • 3/1/2019 – Hibbett Sports was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/25/2019 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hibbett delivered positive comps in third-quarter fiscal 2019 backed by significant improvement in branded apparel business as well as footwear and sportswear businesses. Further, the company raised comps guidance for fiscal 2019. These positives have led to a positive sentiment on the stock. Moreover, the company’s focus on enhancing omnichannel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results. However, the company has a dismal surprise history. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern. Further, a lowered earnings view for fiscal 2019 is disheartening.”
  • 2/18/2019 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hibbett delivered positive comps in third-quarter fiscal 2019 backed by significant improvement in branded apparel business as well as footwear and sportswear businesses. Further, the company raised comps guidance for fiscal 2019. These positives have aided the stock to outperform the industry in the past month. Moreover, the company’s focus on enhancing omnichannel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results. However, the company has a dismal surprise history. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern. Further, a lowered earnings view for fiscal 2019 is disheartening.”
  • 2/14/2019 – Hibbett Sports was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 2/12/2019 – Hibbett Sports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Despite dismal top and bottom lines in third-quarter fiscal 2019, Hibbett delivered positive comps backed by significant improvement in branded apparel business. Footwear and sportswear businesses also aided comps growth. Further, the company raised comps guidance for fiscal 2019. The company’s focus on enhancing omni-channel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results. However, Hibbett lagged the industry in the past year due to a dismal surprise history. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern. Further, a lowered earnings view for fiscal 2019 is disheartening.”
  • 2/6/2019 – Hibbett Sports was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hibbett lagged the industry in the past year due to a dismal surprise history. It reported third straight earnings miss in fiscal third quarter, while sales were almost in line with estimates. The company’s soft margins trend in the last few quarters has also been a concern. Further, a lowered earnings view for fiscal 2019 is disheartening. Despite dismal top and bottom lines in third-quarter fiscal 2019, Hibbett delivered positive comps backed by significant improvement in branded apparel business. Footwear and sportswear businesses also aided comps growth. Further, the company raised comps guidance for fiscal 2019. Further, the company’s focus on enhancing omni-channel capabilities, renewing loyalty program and inventory management initiatives bodes well. It expects continued growth in the e-commerce business as mobile app enhancements, and the recently launched BOPIS and ROPIS capabilities are delivering results.”
  • 2/5/2019 – Hibbett Sports was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of Hibbett Sports stock traded up $0.58 on Monday, reaching $23.39. The company had a trading volume of 32,615 shares, compared to its average volume of 982,842. The company has a market capitalization of $417.10 million, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 5.25 and a beta of 0.76. Hibbett Sports, Inc. has a 52-week low of $13.08 and a 52-week high of $29.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 2.12.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, March 22nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.18. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The firm had revenue of $306.00 million for the quarter, compared to the consensus estimate of $282.27 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts expect that Hibbett Sports, Inc. will post 1.88 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new position in shares of Hibbett Sports during the third quarter valued at $549,000. SG Americas Securities LLC acquired a new stake in shares of Hibbett Sports during the third quarter worth $393,000. JPMorgan Chase & Co. lifted its stake in shares of Hibbett Sports by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 491,082 shares of the company’s stock worth $9,233,000 after buying an additional 50,310 shares during the period. Prudential Financial Inc. lifted its stake in shares of Hibbett Sports by 2.8% during the third quarter. Prudential Financial Inc. now owns 242,033 shares of the company’s stock worth $4,550,000 after buying an additional 6,700 shares during the period. Finally, AXA acquired a new stake in shares of Hibbett Sports during the third quarter worth $404,000.

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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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