Hibbett (NASDAQ:HIBB) Receives Neutral Rating from Monness Crespi & Hardt

Hibbett (NASDAQ:HIBB - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Monness Crespi & Hardt in a research report issued on Tuesday, Benzinga reports.

Several other equities analysts have also recently weighed in on HIBB. B. Riley lifted their price objective on Hibbett from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, March 18th. Telsey Advisory Group lifted their price target on Hibbett from $74.00 to $87.50 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Williams Trading reiterated a "hold" rating and issued a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.79.

Hibbett Stock Up 18.8 %

Shares of NASDAQ HIBB traded up $13.66 during midday trading on Tuesday, hitting $86.15. 4,148,621 shares of the company's stock were exchanged, compared to its average volume of 294,406. Hibbett has a 12 month low of $34.86 and a 12 month high of $86.70. The company's 50 day moving average price is $74.40 and its 200 day moving average price is $65.63. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.75.

Hibbett (NASDAQ:HIBB - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.01. The business 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 firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 EPS. On average, equities research analysts anticipate that Hibbett will post 8.21 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Hibbett during the third quarter worth $286,000. Everence Capital Management Inc. purchased a new stake in shares of Hibbett during the third quarter worth $244,000. Maryland State Retirement & Pension System purchased a new stake in shares of Hibbett during the third quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hibbett by 80.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company's stock worth $176,000 after acquiring an additional 1,654 shares in the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Hibbett during the third quarter worth $356,000. 94.08% of the stock is owned by institutional investors and hedge funds.

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.