Hibbett (NASDAQ:HIBB) Stock Rating Reaffirmed by Robert W. Baird

Hibbett (NASDAQ:HIBB)‘s stock had its “neutral” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Friday, Benzinga reports. They currently have a $87.50 target price on the stock, up from their prior target price of $80.00. Robert W. Baird’s target price indicates a potential upside of 1.63% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Williams Trading reiterated a “hold” rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Benchmark reiterated a “hold” rating on shares of Hibbett in a research report on Wednesday. B. Riley lifted their target price on shares of Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a research report on Wednesday. Telsey Advisory Group lifted their target price on shares of Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a report on Tuesday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Hibbett currently has a consensus rating of “Hold” and a consensus price target of $76.79.

Hibbett Trading Down 0.5 %

HIBB opened at $86.10 on Friday. The company’s 50 day moving average is $74.92 and its 200-day moving average is $65.92. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The company has a market cap of $1.02 billion, a P/E ratio of 10.51, a PEG ratio of 1.41 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $477.42 million. During the same period last year, the company posted $2.91 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Hibbett will post 8.19 EPS for the current year.

Institutional Trading of Hibbett

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in shares of Hibbett in the 4th quarter valued at $28,000. AJOVista LLC acquired a new stake in Hibbett in the 4th quarter valued at $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hibbett by 80.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after purchasing an additional 1,654 shares during the period. Kendall Capital Management acquired a new stake in Hibbett in the 3rd quarter valued at $200,000. Finally, Virtu Financial LLC acquired a new stake in Hibbett in the 4th quarter valued at $201,000. Institutional investors own 94.08% of the company’s stock.

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.