Several other analysts have also commented on HIBB. Robert W. Baird lifted their price objective on Hibbett Sports to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Zacks Investment Research lowered Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Monday, July 29th. Finally, Bank of America lifted their price objective on Hibbett Sports from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Monday, May 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.65.
Hibbett Sports stock opened at $16.16 on Tuesday. The firm has a market cap of $277.14 million, a price-to-earnings ratio of 9.13, a PEG ratio of 1.13 and a beta of 0.38. The stock has a fifty day simple moving average of $17.89 and a two-hundred day simple moving average of $19.52. Hibbett Sports has a 12 month low of $13.08 and a 12 month high of $29.60. The company has a current ratio of 1.74, a quick ratio of 0.62 and a debt-to-equity ratio of 0.53.
In related news, CEO Jeffry O. Rosenthal sold 30,000 shares of Hibbett Sports stock in a transaction on Friday, May 24th. The stock was sold at an average price of $25.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer now owns 65,097 shares of the company’s stock, valued at $1,627,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. 6 Meridian grew its holdings in Hibbett Sports by 0.9% during the second quarter. 6 Meridian now owns 57,639 shares of the company’s stock valued at $1,049,000 after purchasing an additional 532 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Hibbett Sports by 4.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 17,529 shares of the company’s stock valued at $319,000 after purchasing an additional 750 shares during the period. Northern Trust Corp grew its holdings in Hibbett Sports by 0.4% during the second quarter. Northern Trust Corp now owns 239,174 shares of the company’s stock valued at $4,352,000 after purchasing an additional 1,057 shares during the period. Quantamental Technologies LLC grew 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 valued at $139,000 after purchasing an additional 1,179 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in Hibbett Sports during the second quarter valued at about $39,000.
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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