Hibbett (NASDAQ:HIBB) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Hibbett (NASDAQ:HIBB - Get Free Report) in a research note issued on Sunday. The firm set a "hold" rating on the stock.

Several other research analysts have also issued reports on the company. Monness Crespi & Hardt restated a "neutral" rating on shares of Hibbett in a research report on Tuesday, April 23rd. Benchmark restated a "hold" rating on shares of Hibbett in a research report on Wednesday, April 24th. Telsey Advisory Group raised their price target on Hibbett from $74.00 to $87.50 and gave the stock a "market perform" rating in a research report on Tuesday, April 23rd. B. Riley raised their price target on Hibbett from $70.00 to $87.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird restated a "neutral" rating and issued a $87.50 price target (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.79.

Hibbett Price Performance

Shares of NASDAQ HIBB traded up $0.13 during midday trading on Friday, hitting $86.34. The stock had a trading volume of 415,887 shares, compared to its average volume of 856,822. The company's 50-day simple moving average is $77.74 and its 200 day simple moving average is $70.62. The firm has a market cap of $1.02 billion, a P/E ratio of 10.54 and a beta of 1.72. Hibbett has a fifty-two week low of $34.86 and a fifty-two week high of $87.13.

Hibbett (NASDAQ:HIBB - Get Free Report) last released its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.54 by $0.01. The company had revenue of $466.60 million during the quarter, compared to analysts' expectations of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $2.91 EPS. Equities analysts expect that Hibbett will post 8.19 EPS for the current fiscal year.

Institutional Trading of Hibbett

A number of institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC lifted its holdings in shares of Hibbett by 0.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 19,671 shares of the company's stock valued at $1,417,000 after purchasing an additional 158 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Hibbett by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,612 shares of the company's stock valued at $969,000 after acquiring an additional 171 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Hibbett by 2.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,846 shares of the company's stock valued at $834,000 after acquiring an additional 276 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Hibbett by 5.5% in the first quarter. Illinois Municipal Retirement Fund now owns 7,853 shares of the company's stock valued at $603,000 after acquiring an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Hibbett in the fourth quarter valued at about $28,000. 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.